Post Tagged with: "Delaware Basin"

Source: PDC Energy

PDC Energy to Acquire SRC Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360

PDC Energy to acquire SRC Energy in all-stock transaction valued at approximately $1.7 billion
PDC Energy Inc. (stock ticker: PDCE), an independent E&P based out of Denver, has entered into a

Source: Solaris Water Midstream

H2O Midstream Acquires Sabalo Energy Assets, Closes 15-Year Agreement

By Tyler Losier, Energy Reporter, Oil & Gas 360

H2O Midstream purchases produced water infrastructure from Sabalo Energy and executes a 15-year acreage dedication
H2O Midstream LLC, a water infrastructure company based in Houston, has acquired produced water infrastructure from

Northern Delaware Basin Operations 

From Concho.com

Kimmeridge Energy Joins Forces with Desert Royalty

By Tyler Losier, Energy Reporter, Oil & Gas 360

Newly-formed Desert Peak Minerals to be largest pure-play mineral royalty company in Delaware Basin
Kimmeridge Energy Management Company, a private equity firm focused on acquiring unconventional oil and gas assets, has

Source: Callon Petroleum

Upstream Oil Merger: Callon Acquires Carrizo in $3.2 Billion Texas Combo

By Tyler Losier, Energy Reporter, Oil & Gas 360

Callon adds oil-weighted assets in the Permian and Eagle Ford through all-stock transaction
Callon Petroleum Company (stock ticker: CPE), an independent E&P focused on unconventional assets in the Permian, has struck

Longhorn Launches Open Season for its Touchdown Crude Gathering System

Longhorn Launches Open Season for its Touchdown Crude Gathering System

Longhorn Midstream Launches Open Season for the Touchdown Crude Oil Gathering System in the Northern Delaware Basin

NGL Energy Partners Closes with Mesquite, Announces Multiple Investments

NGL Energy Partners Closes with Mesquite, Announces Multiple Investments

NGL Energy Partners LP Closes Combination with Mesquite and Announces Investment from EIG and FS Energy and Power Fund

Source: Summit Midstream Partners

Summit Midstream Partners Makes FID, Forms JV

By Tyler Losier, Energy Reporter, Oil & Gas 360

Summit Midstream to proceed with Double E pipeline project
Summit Midstream Partners (stock ticker: SMLP) has made a final investment decision to proceed with its Double E pipeline project, after having

Source: Brazos Midstream

New NatGas Gathering, Processing System Heading to the Delaware

By Tyler Losier, Energy Reporter, Oil & Gas 360

Brazos Midstream and Shell E&P sign exclusive deal
Brazos Midstream, a major Delaware Basin midstream player, has signed a 15-year gathering and processing agreement with Shell Exploration and Production. The deal

Source: WhiteWater Midstream

Whistler Pipeline Project Reaches FID

Multifaceted partnership will proceed with design and construction
A partnership involving several midstream companies and private equity firms has reached a final investment decision for the Whistler pipeline project, expected to run 475 miles and transport approximately 2 billion cubic

Delaware Basin Takeaway Grows: Howard Energy Partners Adds Crude, Gas Gathering Capacity

Delaware Basin Takeaway Grows: Howard Energy Partners Adds Crude, Gas Gathering Capacity

Additional acreage dedication will drive further growth
By Richard Rostad, analyst, Oil & Gas 360

Additional gas takeaway has arrived for the Delaware Basin, helping to alleviate the worst takeaway crunch in U.S. shale. Howard Energy Partners announced it has

Chevron CEO Michael Wirth Talks about what Chevron is Getting with the Acquisition of Anadarko

Chevron CEO Michael Wirth Talks about what Chevron is Getting with the Acquisition of Anadarko

Chevron (stock ticker: CVX, $CVX) Chairman and CEO Michael Wirth went on the morning cable business shows and hosted a conference call today, saying his company’s acquisition of Anadarko Petroleum (stock ticker: APC, $APC) is “the highest return investment dollar

Matador Resources Increases Midstream Ownership Footprint in Delaware Basin

Matador Resources Increases Midstream Ownership Footprint in Delaware Basin

Matador Resources Company Announces Midstream Transaction Expanding San Mateo's Operations in the Delaware Basin...

February 26, 2019 - 6:45 am Closing Bell Story‎, Midstream, Press Releases
Lucid Energy Group Hires Chief Operating Officer

Lucid Energy Group Hires Chief Operating Officer

Lucid Energy Group Hires Industry Veteran Brian T. Raber as Chief Operating Officer

January 17, 2019 - 9:15 am Closing Bell Story‎, Midstream, People, Press Releases
Northern Delaware Basin Operations 

From Concho.com

The Largest Ever Oil and Gas Assessment: Delaware Basin Holds 113 BBOE

The USGS announced its largest-ever oil and gas assessment last week, and it's enough oil to send 56,000 supertankers to Asia and other customers around the world. It also broke the record set by the Midland Basin in 2016.

The

Acquisitions Elevate EagleClaw Midstream to Largest Pure-Play Delaware Midstream Provider

Acquisitions Elevate EagleClaw Midstream to Largest Pure-Play Delaware Midstream Provider

EagleClaw Midstream is now the largest pure-play, privately-held Delaware Basin midstream business, after its concurrent acquisition of Caprock Midstream Holdings and Pinnacle Midstream, which were announced today.

 

History of planned $950 million acquisition

The planned acquisition of Caprock Midstream …

November 2, 2018 - 2:45 pm Closing Bell Story‎, Mergers & Acquisitions, Midstream
Delaware Basin Wolfcamp Formation is Thicker by Thousands of Feet: USGS

Delaware Basin Wolfcamp Formation is Thicker by Thousands of Feet: USGS

USGS prepares new assessment of Delaware Wolfcamp

From the Midland Reporter-Telegram

By year’s end, Permian Basin oil and gas producers active in the Delaware Basin should have a better idea of the undiscovered, technically recoverable resources in the Wolfcamp Shale …

Carrizo Snags Delaware Basin Acreage from Devon in $215 Million Cash Bolt-On

Carrizo Snags Delaware Basin Acreage from Devon in $215 Million Cash Bolt-On

Carrizo places deal at $13,000 per net acre

Houston’s Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) said Tuesday it will acquire Delaware Basin properties from Devon Energy Corporation (NYSE: DVN) for $215 million in cash.

Carrizo said it will fund …

Anadarko Q2 DJ Production Averaged 261 MBOEPD

Anadarko Q2 DJ Production Averaged 261 MBOEPD

Delaware Basin jumps 88% to 62 MBOEPD

Anadarko Petroleum Corporation (NYSE: APC) announced 2018 Q2 results, reporting net income of $29 million, or $0.05 per share (diluted). Net cash provided by operating activities in Q2 2018 was $1.23 billion.

Highlights

Oryx Midstream Open Season In Delaware Basin will Bring Capacity to 850,000 Barrels per Day

Oryx Midstream Open Season In Delaware Basin will Bring Capacity to 850,000 Barrels per Day

Oryx Midstream Services II, LLC announced today that its operating subsidiaries, Oryx Delaware Oil Gathering NM LLC, Oryx Delaware Oil Gathering TX LLC, Oryx Western Delaware Oil Gathering LLC and Oryx Delaware Oil Transport LLC (collectively, “Oryx”), have launched a …

July 10, 2018 - 1:03 pm Closing Bell Story‎, Energy News, Midstream
Noble Energy Adds to Delaware Basin Takeaway

Noble Energy Adds to Delaware Basin Takeaway

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today announced that it has supplemented its Delaware Basin takeaway position with an additional firm sales agreement which will result in the Company’s crude oil reaching the Gulf Coast.  The …

RSP Permian Earns $90 Million, Production Up 39%

RSP Permian Earns $90 Million, Production Up 39%

RSP Permian Inc. (ticker: RSPP) posted a Q1 2018 net income of $89.6 million, or $0.57 per diluted common share. Production for the quarter increased 39% to 62.8 MBOEPD (72% oil, 87% liquids) compared to Q1 2017.

Drilling

The company …

Courtesy of WPX Energy

WPX Energy: Daily Production 76% Higher than Year Ago

WPX Energy, Inc. (ticker: WPX) reported a net loss of $119 million, or $(0.30) per common share for the first quarter of 2018. Production for the quarter reached 102.7 MBOEPD, a 6% sequential increase over Q4 2017 and 76% higher …

Rosehill Resources Production Jumps to 15,000 BOEPD in March

Rosehill Resources Production Jumps to 15,000 BOEPD in March

Permian-based Rosehill Resources Inc. (ticker: ROSE) reported a Q4 2017 net loss of $5.3 million, or $(0.87) per diluted share. For the full year of 2017, the company reported a loss of $8.5 million, or $(1.43) per share.

In 2017, …

Photo by Mike Goldwater"

Add Salt Creek Midstream to the Delaware Basin

Ares Management, L.P. (ticker ARES) and ARM Energy Holdings, LLC have partnered up to develop Salt Creek Midstream, LLC in the Delaware Basin.

The company is owned by funds managed by the Ares Private Equity Group and ARM Energy. ARM …

Delaware Basin Makes New Mexico the U.S.’s No. 3 Oil Producer

Delaware Basin Makes New Mexico the U.S.’s No. 3 Oil Producer

New Mexico is the nation’s third-largest oil producing state, thanks to the Delaware Basin: EIA

From the Albuquerque Journal

Battle Axe Road cuts smack through the heart of New Mexico’s side of the Delaware Basin, a previously marginal zone along …

DCIM101MEDIADJI_0116.JPG rig

Lilis Energy Closes Delaware Basin Purchase for $65.3 Million, Acquires 2,798 Net Acres

Lilis Energy, Inc. (ticker: LLEX) has closed a deal to acquire approximately 2,798 net acres in the southeastern New Mexico area of the Delaware Basin. The deal was part cash ($40 million) and part stock (~6.9 million shares, or ~$25.3 …

Abraxas Petroleum Drilling the Delaware Basin, June Completions on Tap in the Williston

Abraxas Petroleum Drilling the Delaware Basin, June Completions on Tap in the Williston

Abraxas Petroleum Corporation (ticker: AXAS) reported a net loss of $4.1 million, or $(0.02) per share. For 2017, the company reported a net income of $16 million, or $0.10 per share.

In Q4 2017, the company produced 808 MBOE, or …

Callon Petroleum Expands Horizontal Drilling Operations, Running 5 Rigs, 2 Completions Crews in the Permian

Callon Petroleum Expands Horizontal Drilling Operations, Running 5 Rigs, 2 Completions Crews in the Permian

Callon Petroleum Company (ticker: CPE) reported results of operations for the three months and full-year ended December 31, 2017.

Financial and operational highlights

  • Full-year 2017 production of 22.9 MBOE/d (78% oil), an increase of 50% over 2016 volumes
  • Fourth quarter
Oasis Petroleum Doubles Down in the Williston Basin

Oasis Petroleum Doubles Down in the Williston Basin

Oasis Petroleum Inc. (ticker: OAS) reported net income attributable to Oasis of $124.6 million in the fourth quarter of 2017. Fourth quarter 2017 results included a benefit of $171.9 million due to the recently enacted Tax Cuts and Jobs Act.…

Anadarko Petroleum Rakes in $976 Million in Q4

Anadarko Petroleum Rakes in $976 Million in Q4

Anadarko Petroleum Corporation (ticker: APC) reported fourth quarter of 2017 net income attributable to common stockholders of $976 million, or $1.80 per share (diluted).

Net cash provided by operating activities in the fourth quarter of 2017 was $1.4 billion.

For …