Delaware Basin Archives - Page 5 of 8

Rosehill Resources: Delaware Basin Update and 2018 Guidance

December 15, 2017

Delaware acquisition complete, doubles Rosehill Resources’ Delaware acreage Rosehill Resources Inc. (ticker: ROSE) has completed its previously announced acquisition of 4,565 net acres and certain producing oil and gas properties in the Southern Delaware basin for $78 million. This transaction nearly doubles the company’s total net acreage to 9,200 net acres, with the potential for additional acreage acquisitions through March

Colorado: Weld County Just Created its Own Oil & Gas Department Oil & Gas 360

PDC Energy Earmarks $920 Million CapEx Budget for 2018

December 12, 2017

PDC Energy, Inc. (ticker: PDCE) announced today its 2018 capital investment budget and production forecast. 2018 budget highlights: Year-over-year production growth of approximately 25 percent to an estimated 38 to 42 million barrels of oil equivalent (MMBoe) Oil production to account for approximately 42 percent of total production, representing a year-over-year oil volume increase of approximately 30 percent Year-over-year Delaware

Delaware Basin Q2'17 Full-Cycle Cost and Margins

Show Me Your Full-Cycle Metrics for the Delaware Basin

October 16, 2017

Permian oil producers continue to tout enviable half-cycle metrics, but what does the complete picture show? The mad dash of capital into the Permian’s Delaware sub-basin over the last two years has been awe-inspiring considering the backdrop of oil prices careening down to half their 2014 highs, with $45-$52 oil turning into a new normal. Oil and gas companies throughout

Matador Resources Prices $210 Million Common Stock Offering; Cash Will Expand Delaware Basin Ops

October 5, 2017

Matador Resources Company (ticker: MTDR) priced an underwritten public offering of 8,000,000 shares of its common stock. The total estimated gross proceeds of the offering, before estimated offering fees and expenses, are approximately $210.8 million. The offering is expected to close on October 10, 2017. Matador said it intends to use the net proceeds from the offering: to fund the aggregate purchase price for

Western Delaware Basin: Greenfield Gas Processing Project Coming Just in Time

October 5, 2017

Delaware more gassy than first thought: Producers Midstream’s new gas processing capacity, targeting operations in Q1 2018, will be able to process up to 260 MMcf/day of production Privately held Producers Midstream, LP (PMLP) announced plans to install a new natural gas gathering system and up to 260 MMcf/day of cryogenic processing capacity in the Western Delaware basin through the

Magellan Midstream’s New Permian Pipeline

September 8, 2017

Magellan Midstream Partners, L.P. (ticker: MMP) announced this week that it will build a 60-mile, 24-inch pipeline that connects Wink and Crane, TX. The pipeline’s price tag will be approximately $150,000,000. The pipeline should be operational midway through 2019, the company said in a press release. The new pipeline will serve direct service from the Delaware basin to the Crane

Exclusive Video Interview with Rosehill Resources President & CEO Alan Townsend

September 5, 2017

Rosehill Resources: pure Delaware basin with 4,700 acres in the ‘core of the core’ in Loving County At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Delaware operator Rosehill Resources (ticker: ROSE) President & CEO Alan Townsend. Rosehill is 100% focused on growing production and reserves in the core

anadarko-600w Chevron, Anadarko Megadeal Portends Billions in Asset Divestment - Oil & Gas 360

Anadarko Q2: Permian Growing, GOM Production will Maintain through 2019

July 26, 2017

With its second quarter reporting, Anadarko Petroleum Corp. (ticker: APC) reported an average production of 631,000 BOEPD and said it reduced its investments by $300 million for the year. In its Delaware basin assets, Anadarko’s oil production averaged 33,000 BOPD—a 52% increase from its Q2 production in 2016. The company’s 2017 guidance was revised down from 235 to 239 MMBOE

Ameredev II Assembling Prime, Contiguous Acreage in Northern Delaware Basin

July 18, 2017

Ameredev II, backed by a $400 million private equity commitment from EnCap, is currently in the process of building its core acreage in the northern Delaware basin in Lea County, New Mexico. The acreage itself rests along the state line. Ameredev is targeting to initiate production in its acreage in late 2017-early 2018, when it starts drilling delineation wells. In

The Shale Boom in the Permian Is Slowing Down - 360

Halcon Shrinks Williston Footprint to Become Full-On Delaware-Focused Operator

July 12, 2017

Halcon Resources sells operated Williston assets for $1.4 billion Houston-based Halcon Resources Corp. (ticker: HK) announced Tuesday that the company sold its operated assets in the Willison Basin to an affiliate of Bruin E&P Partners, a portfolio company of Arclight Capital Partners, for $1.4 billion in cash. The company said it will keep its non-operated assets in the basin, although

Is the Permian Getting Too Hot to Touch?

June 19, 2017

High acreage costs beginning to affect economics in the Delaware The Permian has enjoyed a rush of capital since oil prices began to recover from a low of $26.21 in February of last year. The play is home to some of the best economics in the country, making it a prime target for E&P companies looking to maximize profit in

Permian’s Largest Private Processor Secures $250 Million for Delaware Expansion

May 2, 2017

Expanding in the Delaware: Magnetar Capital’s $250 million commitment targets growth of Lucid Energy’s Delaware basin system Lucid Energy Group of Dallas will be adding up to $250 million worth of expansion to the 930 MMCF of natural gas processing capacity and 3,600 miles of pipeline assets it has in the Permian basin, the company announced Tuesday. Alternative asset manager Magnetar

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