Halcon Resources Corporation (ticker: HK) has recently entered into definitive agreements to acquire 22,617 net acres in Ward County, Texas for approximately $381 million. The properties are currently producing ~1,325 BOEPD which equates to a purchase price of ~$14,674/acre (after adjusting for production using an estimated value of $35,000 per BOEPD). West Quito Draw The largest acquisition is comprised of
250-275 gross wells expected to be on production in the Permian Basin in 2018 $2.6 billion 2018 Permian-focused CapEx Pioneer Natural Resources (ticker: PXD) placed 64 horizontal wells on production in the fourth quarter of 2017. In the Permian, 43 wells were in the northern area and 21 wells were in the southern Wolfcamp joint venture area. For the full
Laredo Petroleum, Inc. (ticker: LPI) announced this week that Patrick J. Curth, senior VP of exploration and land, will transition to a senior advisor role in anticipation of his retirement in March 2019. VP of Exploration and Geosciences Technology James R. Courtier, VP of Reservoir Engineering Jason R. Greenwald and VP of Land Mark H. Elliott will jointly assume leadership
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Reports Significant Progress of Heavy Oil Extraction and Processing Facility Assembly
Petroteq Energy Announces Progress in Plant Assembly
NetworkNewsWire Announces Publication on Rising Intellectual Property Rights for Blockchain Applications
EnerCom Oilfield Tech & Innovation Conference provides innovative companies a unique opportunity to highlight their technologies to oil and gas industry prospects, customers, investors and industry management professionals EnerCom, Inc. is hosting its winter Oilfield Tech & Innovation Conference in Dallas, Texas, on Friday Feb. 23, 2018. For oil and gas operators, oilfield service companies and investors, EnerCom’s Oilfield Tech
Double Eagle Energy Holdings III announced that inclusive of a recent capital raise, the company has secured equity commitments of more than $1 billion. The equity commitments are anchored through funds managed by affiliates of Apollo Global Management, LLC (ticker: APO). Double Eagle’s equity commitments will support the company’s ongoing acquisition and development initiatives in the Permian Basin and will
Jones Energy, Inc. (ticker: JONE) produced 21,207 BOEPD in Q4 2017, 6.5% above the company’s midpoint guidance. Oil volumes made up 29% of total production at 6,217 BOPD and NGL volumes represented 30% of Q4 production. For the full year of 2017, Jones produced 21,332 BOEPD. Average oil volumes of 5,378 BOPD comprised 25% of production and NGL volumes accounted
CNOOC Limited (ticker: CEO) plans to target 470-480 MMBOE for its net production goal in 2018. The geographic production areas are split between China (64%) and overseas (36%). The company’s net production for 2017 stood at approximately 469 MMBOE. As for 2019 and 2020, projected numbers are 485 MMBOE and 500 MMBOE, respectively. A stampede of projects CNOOC has scheduled
From Pittsburgh Business Times The number of new wells drilled in Pennsylvania increased in 2017 over 2016 after falling the two prior years. And a larger percentage of those wells are being drilled in southwestern Pennsylvania than in the past. In 2017, there were 812 new wells drilled in the state, up from 504 in 2016, ending a two-year drop
MEG Energy holds conference call to discuss fourth quarter and full year 2017 operating and financial results
