No slowdown for the Permian

Everybody is getting into the action in the Permian basin and in the Delaware portion of the basin in particular.

Permian/Delaware Action Virtually Nonstop Since Oct. 1

Source: Drilling Info

Even Norway’s TGS-NOPEC Geophysical Company (ticker: TGS) has landed in the Permian. TGS announced today that it has commenced field operations on the West Kermit 3D seismic survey in the Delaware Basin. The project will encompass a minimum of 150 square miles in Loving and Winkler Counties, Texas, with targets that include the Wolfcamp and Bonespring intervals. This is TGS’s first Permian 3D project. The company said it expects to deliver final Delaware basin data to its client in Q4 2017.

Permian/Delaware deals have come nonstop since the start of Q4 2016

It’s the most active basin in the U.S. E&Ps are announcing deals to enter the Permian basin or scooping up acreage to bolt on to their assets like there is no tomorrow. Midstream operators are adding assets in the Delaware. Here are links to some of the announced deals in Q4 2016 through January 30, 2017:

Permian Player Jagged Peak Energy Goes Public

Chevron Looks to Expand Permian Activity in 2017

EP Energy Announces Permian Drilling Joint Venture and Acceleration of Wolfcamp Program Development

Outrigger Energy To Sell Permian Basin Midstream Assets for up to $1.5 Billion

Plains All American Announces Agreements to Acquire Permian Basin Gathering System for $1.2 Billion and to Sell Assets for $380 Million

Targa Resources Corp. Expands Premier Permian Footprint with Acquisition of Delaware and Midland Basin Assets and will Host a Conference Call

ExxonMobil/XTO Doubles Permian Footprint with $6.6 Billion Acquisition of Bass Family Assets

Permian: Delek U.S. to Acquire Alon USA for $464 Million

Lucas Energy Enters The Permian Basin With The Purchase Of 3,630 Net Mineral Acres

Halcón Resources Announces Entry into the Delaware Basin

WPX Increases Delaware Basin Inventory with Bolt-On Acquisition

Parsley Energy Announces Midland Basin And Delaware Basin Acquisitions And Introduces 2017 Capital Program And Operating Guidance; Expects Approximately 60% Annual Production Growth In 2017

Contango Initiates Southern Delaware Basin Drilling Program and Provides 2017 Drilling Program

Noble Energy Closes Delaware Basin Acquisitions Totaling 7,200 Net Acres

PDC Energy Announces Bolt-On Acquisition of Approximately 4,500 Net Acres in the Core Delaware Basin

Centennial Resource Development Announces Closing of Southern Delaware Basin Acquisition and $910 Million Private Placement of Equity and Increases Borrowing Base

KLR Energy Acquisition Corp. and Tema Oil and Gas Company to Combine to form Rosehill Resources, a Pure-Play Delaware Basin Company

Lucid Energy Grows Natural Gas Assets in Delaware Basin, an Industrial Info News Alert

Diamondback Energy, Inc. Announces Transformational Acquisition in the Delaware Basin and Increases 2017 Production Outlook

Callon Petroleum Company Announces Entry Into the Core Southern Delaware Basin Noble Adds Bolt-On Acreage in Delaware Basin

PDC Energy Closes Core Delaware Basin Acquisition

EOG Resources Announces Third Quarter 2016 Results; Raises 2020 Outlook and More Than Doubles Permian Basin Net Resource Potential

Devon Energy Announces Resource Expansion in the Delaware Basin with Successful Leonard Shale Spacing Test

Medallion Midstream Services Announces Southern Delaware Basin Crude Oil Pipeline

Centennial Resource Development Acquires 35,000 Delaware Basin Acres

Concho Resources Inc. Announces Acquisition of Northern Delaware Basin Assets

Crestwood Announces Third Quarter 2016 Financial and Operating Results; On-Track to Achieve 2016 Guidance; Delaware Basin Expansion Projects Underway

Lilis Energy Announces Delaware Basin Acquisition

Resolute Adds to Permian Position with $135 Million Delaware Basin Acquisition

Yates Petroleum Acquired by EOG for $2.5 Billion

Permian/Delaware Action Virtually Nonstop Since Oct. 1

Permian basin rig map Jan. 2017. Source: Baker Hughes

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