Saturday, April 25, 2026

Manitok Energy Acquires Craft Oil

Assets include 48,000 acres and 430 BOEPD of production Manitok Energy (ticker: MEI) announced the acquisition of Craft Oil for approximately $6.6 million in stock. Craft owns about 48,000 acres of land in Alberta and 1.3 MMBOE of reserves. The company is currently producing about 430 BOEPD. Craft completed several divestitures in recent months and now is debt free, meaning

No Slowing the Permian Land Grab: Centennial Resource Development Enters the Northern Delaware

Raising our 2020 oil production target to 60,000 BOPD: Centennial CEO Mark Papa Denver’s Centennial Resource Development, Inc. (ticker: CDEV) said on Monday it is acquiring undeveloped acreage and producing oil and gas properties in the core of the Northern Delaware basin from privately held GMT Exploration for $350 million in cash. The acreage total in the acquisition comes to 11,860, all in Lea County, N.M. Pro-forma for

Parsley Ups Borrowing Base to $1.4 Billion

Parsley has full borrowing capacity available for Permian development Permian driller Parsley Energy (ticker: PE) said it has amended its revolving credit agreement, increasing the borrowing base by 60% to $1.4 billion, with a company-elected commitment amount of $1.0 billion. The amendment also adds five new lenders under the credit agreement: Canadian Imperial Bank of Commerce, New York Branch; Capital One, National Association; Citibank, N.A.; PNC Bank, National