Archive for the ‘Permian Basin’ Category
Halcon Resources Corp., Houston, has agreed to sell its operated oil and gas properties in the Williston basin to Bruin E&P Partners LLC, a Houston portfolio company of private equity firm ArcLight Capital Partners LLC, for $1.4 billion. The move further solidifies Halcon’s new Delaware basin focus.
Halcon Resources Corp., Houston, has agreed to sell its operated oil and gas properties in the Williston basin to Bruin E&P Partners LLC, a Houston portfolio company of private equity firm ArcLight Capital Partners LLC, for $1.4 billion. The move further solidifies Halcon’s new Delaware basin focus.
Summit Midstream Partners LP
has agreed to develop, own, and operate an associated gas gathering and
processing system servicing ExxonMobil Corp. subsidiary XTO Energy Inc.’s acreage in the northern Delaware basin in Eddy and Lea counties of New Mexico.
BHI: US rig count rises by 12
July 7th, 2017 by Latest News
Last week’s slight decline in the US rig count may have been more of fluke than a sign of an impending plateau in drilling.
Targa-Sanchez Eagle Ford JV commissions, expanding gas processing plant
July 6th, 2017 by Latest News
Targa Resources Corp. and Sanchez Midstream Partners LP
(SNMP)—formerly Sanchez Production Partners LP (SPP)—have commissioned
their 50-50 Eagle Ford joint venture Carnero Processing LLC’s 200-MMcfd
Raptor cryogenic natural gas processing plant in La Salle County, Tex.
BHI: US rig count posts first decline in 24 weeks
June 30th, 2017 by Latest News
After rising in 23 consecutive weeks, the overall US drilling rig count has finally given up a unit.
Carrizo Oil & Gas Inc., Houston, has agreed to buy 16,488 net acres in Reeves and Ward counties of Texas from Midland-based ExL Petroleum Management LLC, a portfolio company of Houston private equity firm Quantum Energy Partners, for $648 million i…
Under a price-recovery scenario that assumes West Texas Intermediate
oil prices will hit $60-70/bbl from 2019 onwards, shale drilling and
completions will increase at 20%/year and production will increase at
12%/year through 2021, according to the n…
The overall US rig count’s streak of consecutive weekly increases
reached 23 during the week ended June 26, reflecting a continued surge
in oil-directed rigs and more drilling in Oklahoma and North Dakota.
Occidental Petroleum Corp. agreed to several transactions in the Permian basin, noting the transactions require no net cash outlay and add 3,500 boe/d to the company’s production.