By Tyler Losier, Energy Reporter, Oil & Gas 360 Sundance Energy sells Dimmit county assets for $29.5 Million Sundance Energy Australia Limited (stock ticker: SNDE), along with its wholly-owned Denver-based subsidiary Sundance Energy Inc., has entered into a definitive agreement with an unnamed company to sell its Dimmit county, Texas assets for a purchase price of $29.5 million. The assets
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 a deal with Houston-based Carrizo Oil & Gas (stock ticker: CRZO) to acquire the company in an all-stock transaction worth
By Tyler Losier, Energy Reporter, Oil & Gas 360 Vaca Muerta production growth leads to LNG exports In the past few years, Argentina’s natural gas production has been steadily rising, mainly due to an increased focus on the Vaca Mueta shale and tight gas play, located in the Neuquén Basin. Currently, production from the Vaca Muerta accounts for 23% of
By Tyler Losier, Energy Reporter, Oil & Gas 360 Lonestar estimates production of 13,500 BOEPD for Q2 2019 Lonestar Resources (stock ticker: LONE), an independent E&P focused on the Eagle Ford Basin in Texas, released its estimated production rates for Q2 2019, registering results higher than the guidance for each commodity. More specifically, after the completion of the three months
By Tyler Losier, Energy Reporter, Oil & Gas 360 Penn Virginia CFO to step down Penn Virginia Corporation (stock ticker: PVAC), a pure-play independent E&P focused on Eagle Ford shale, has announced that Steven A. Hartman, current chief financial officer, senior vice president, and treasurer for the company will be stepping down in the near future. Source: Penn Virginia Corporation
By Tyler Losier, Energy Reporter, Oil & Gas 360 Archrock to purchase ~430,000 horsepower of compression from Elite Compression Services Houston-based Archrock, Inc. (stock ticker: AROC) has entered into a definitive agreement with Elite Compression Services, a JDH Capital-backed company, to purchase substantially all of Elite’s assets for $410 million, including approximately 430,000 horsepower of compression. Archrock will pay Elite
By Tyler Losier, Energy Reporter, Oil & Gas 360 Average test rate of 2,500 BOEPD for F #A1H and F #B1H sets company record Lonestar Resources (stock ticker: LONE), an independent Texas-based E&P focused on Eagle Ford shale, has announced the test results for its wells in La Salle county, Texas. Previously, in its Q1 2019 report, Lonestar had announced
From The Houston Chronicle Oil giant ConocoPhillips is gearing up for a large round of horizontal drilling on three leases in the Eagle Ford Shale of South Texas. The company’s subsidiary, Burlington Resources, is seeking permission from the Railroad Commission of Texas to drill 13 wells in oil-rich DeWitt and Karnes counties. ConocoPhillips plans to drill 10 horizontal wells divided
By Tyler Losier, Energy Reporter, Oil & Gas 360 Oilfield service consolidation rolls on C&J Energy Services (stock ticker: CJ) and Keane Group, Inc. (stock ticker: FRAC) have entered into a definitive agreement to combine in an all-stock merger of equals. Upon close, the merger will create a well completion and production services company with a presence in most active
By Tyler Losier, Energy Reporter, Oil & Gas 360 Initial capital commitments of $500 million TPG Sixth Street Partners, a global finance and investment business founded in 2009, announced a new partnership today with the Houston-based private oil and gas company Glendale Energy Ventures. The two companies plan to directly invest in the development and acquisition of upstream oil and
From the Houston Chronicle The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas. The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas. USGS officials confirmed a
Ensign Natural Resources Announces Acquisition of Eagle Ford Acreage from Pioneer Natural Resources
