Post Tagged with: "midland basin"

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

August 21, 2019 - 5:20 pm
Source: Occidental Petroleum

Occidental Petroleum Profit Falls on Low Gas Prices, Derivative Contracts

From Reuters


Occidental Petroleum Corp, which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% fall in core profit on Wednesday, as higher crude prices and volumes were offset by adjustments to …

July 31, 2019 - 6:04 am
EnCap-Backed PetroLegacy Snags 20,000 Midland Acres from Pioneer

Callon Petroleum Closes $245 Million Southern Midland Basin Sale

Callon Petroleum Company Announces Closing Of Southern Midland Basin Divestiture And Updates 2019 Guidance

June 13, 2019 - 6:30 am
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

June 6, 2019 - 3:29 pm
Concho, Frontier Midstream JV Targets a New Midland Basin Crude Oil Transportation Project

Concho, Frontier Midstream JV Targets a New Midland Basin Crude Oil Transportation Project

Beta Crude Connector is targeting initial crude flows in mid-2019 - backed by Energy Spectrum Capital

Concho Resources Inc. (NYSE: CXO)  and Frontier Midstream Solutions IV, LLC will create Beta Crude Connector, LLC, an entity that will build and provide

April 15, 2019 - 12:18 pm
Callon Petroleum Sells Non-Core Midland Basin Assets

Callon Petroleum Sells Non-Core Midland Basin Assets

Selling Ranger area in southern Midland Basin - includes 9,850 net Wolfcamp acres, 4,000 BOEPD production
Callon Petroleum Company (stock ticker: CPE, $CPE) said it is selling non-core assets in the Midland Basin for initial cash proceeds of $260 million.

April 8, 2019 - 2:25 pm
QEP Resources Sells its Haynesville/Cotton Valley Assets for $735 Million

QEP Resources Sells its Haynesville/Cotton Valley Assets for $735 Million

QEP will become a Permian pure-play oil producer soon as Bakken, Haynesville deals close
QEP Resources, Inc. (stock ticker: QEP) said its subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, have entered into a definitive

November 19, 2018 - 5:42 pm
Wolf Midstream Launches Binding Open Season for New Midland Basin Crude Oil Pipeline

Wolf Midstream Launches Binding Open Season for New Midland Basin Crude Oil Pipeline

Wolf Midstream Launches Binding Open Season for New Midland Basin Crude Oil Pipeline

November 15, 2018 - 6:30 am
Source: QEP Resources

QEP Moves towards Pure-Play Midland

Denver-based QEP Resources Inc. (stock ticker: QEP) reported its Q3 Results Wednesday.
Pure-play is right move for QEP’s size
QEP is well on the course to being a pure-play Permian company, with the sale of its Bakken assets announced earlier

November 9, 2018 - 5:40 pm
Earthstone Energy Makes $950 Million Acquisition of EnCap Portfolio Company

Earthstone Energy Makes $950 Million Acquisition of EnCap Portfolio Company

Earthstone Energy (ticker: ESTE) has entered into an agreement with Sabalo Holdings, LLC in which Earthstone will acquire all of Sabalo Holdings’ interests in Sabalo Energy, LLC and Sabalo Energy, Inc., whose assets include both producing and non-producing oil and …

October 17, 2018 - 6:48 pm
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 …

October 5, 2018 - 4:31 pm
EnCap-Backed PetroLegacy Snags 20,000 Midland Acres from Pioneer

Private Funds Launch New Midland Basin Oil Company

Newly formed DoublePoint Energy LLC holds one of the largest private land positions in the core of the Midland 

Double Eagle Energy Holdings III of Ft. Worth and Denver’s FourPoint Energy have formed DoublePoint Energy LLC, a new pure-play Midland …

June 12, 2018 - 3:03 pm
Earthstone Energy Makes Executive Promotions

Earthstone Energy Makes Executive Promotions

Midland Basin operator Earthstone Energy, Inc. (ticker: ESTE) has initiated three executive promotions.

Robert J. Anderson has been promoted to president of the company, effective immediately. Anderson has served as Earthstone’s EVP Corporate Development and Engineering since 2014.

Anderson, a …

April 2, 2018 - 12:09 pm
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
March 2, 2018 - 5:36 pm
EnerCom Dallas Conference Presenter: Earthstone Energy, Inc.

EnerCom Dallas Conference Presenter: Earthstone Energy, Inc.

Earthstone Energy, Inc. (ticker: ESTE) will present at the EnerCom Dallas investment conference Feb. 21-22, 2018 at the Tower Club in downtown Dallas.

Earthstone Energy is an independent company that develops and operates oil and gas properties primarily in the …

January 12, 2018 - 3:04 pm
EnCap-Backed PetroLegacy Snags 20,000 Midland Acres from Pioneer

A $5.5 Billion Private Giant in the Midland: Endeavor Energy Resources

At 44.1 MBOEPD, Endeavor Energy Resources is a private name which stands large in the Midland Basin

The Permian Basin continues to be the hottest basin in the country, with companies piling in and investors willing to give them premium …

January 5, 2018 - 3:44 pm
Earthstone Energy Completes Bakken Assets Sale

Earthstone Energy Completes Bakken Assets Sale

Early today Earthstone Energy, Inc. (Ticker: ESTE) completed the sale of its Bakken assets. According to the company’s press release, the assets were sold to an unaffiliated party for about $27 million in cash. The effective date of the …

December 21, 2017 - 3:43 pm
Is the Permian Getting Too Hot to Touch?

Is the Permian Getting Too Hot to Touch?

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 …

June 19, 2017 - 5:23 pm
Permian’s Largest Private Processor Secures $250 Million for Delaware Expansion

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

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 …

May 2, 2017 - 1:39 pm
Parsley Closes $2.8 Billion Midland Acquisition

Parsley Closes $2.8 Billion Midland Acquisition

Permian-focused Parsley Energy (NYSE: PE) closed the acquisition of undeveloped acreage and producing oil and gas properties in the core of the Midland Basin from Double Eagle Energy Permian LLC for an aggregate purchase price of approximately $2.8 billion, consisting …

April 21, 2017 - 5:21 pm
Is the Delaware Losing its Allure?

Is the Delaware Losing its Allure?

High per-acre costs make turning a profit in the Delaware more difficult

Capital has rushed into the Permian as oil prices stabilize and operators look for the best acreage possible. The majority of that capital has been focused in the …

April 17, 2017 - 4:15 pm
Earthstone Energy Likes Midland Basin Opportunities

Earthstone Energy Likes Midland Basin Opportunities

EarthStone Energy plans to grow production 200% to 400% on acquired Midland assets in 2017

With 2016 in the books and many companies reporting their year-end numbers, markets are beginning to look forward to the year ahead. A stable oil …

February 13, 2017 - 5:46 pm
SM Energy Wells on Acquired Midland Acreage Exceeding Production Estimates

SM Energy Wells on Acquired Midland Acreage Exceeding Production Estimates

SM Energy announces the results of 8 Midland wells on its recently acquired acreage

SM Energy (ticker: SM) released initial production results from eight wells drilled on acreage the company acquired from Rock Oil and QStar, saying that the …

January 31, 2017 - 2:10 pm
SM Energy Sharpens Midland Focus with Announced Sale of Eagle Ford Assets for $800 Million

SM Energy Sharpens Midland Focus with Announced Sale of Eagle Ford Assets for $800 Million

SM Energy announces sale of non-operated Eagle Ford assets for $800 million

Denver-based SM Energy (ticker: SM) announced Tuesday that the company has divested its non-operated Eagle Ford assets for $800 million.

SM has entered into a definitive agreement with …

January 3, 2017 - 2:41 pm
SM Energy Closes Williston Divestiture, Bolts-On More Midland Assets

SM Energy Closes Williston Divestiture, Bolts-On More Midland Assets

SM Energy closes $765.8 million Williston Basin divestiture

SM Energy (ticker: SM) announced Thursday after market close that the company has completed its previously announced divestiture of its Williston Basin assets located outside of Divide County, North Dakota to Oasis …

December 2, 2016 - 3:23 pm
Approach Resources to Boost Liquidity with Note Exchanges

Approach Resources to Boost Liquidity with Note Exchanges

Approach Q3: Sets record low quarterly LOE at $3.49 per Boe

On Nov. 2, Permian operator Approach Resources (ticker: AREX) published several announcements including its Q3 2016 results and a privately-negotiated exchange of $130 million of 7.00% senior notes due …

November 3, 2016 - 6:59 pm
Does it Get any Hotter than the Permian?

Does it Get any Hotter than the Permian?

On day three of EnerCom’s The Oil & Gas Conference® 21, a panel of experts talked about the Permian basin and the rapid growth in activity it has seen in the past three years. Panelists were Jeb Bachmann of Scotia …

August 19, 2016 - 11:43 am
A rig site in North Dakota

Earthstone Energy – Day Three Breakout Notes

Earthstone presents at EnerCom’s The Oil & Gas Conference®

 During Earthstone’s breakout session, management was asked the following questions:

  • Could you talk about your cash flow through the end of the year in light of the capital for the year
August 17, 2016 - 5:47 pm
Approach Resources Inc. – Day Two Breakout Notes

Approach Resources Inc. – Day Two Breakout Notes

Approach Resources Inc. presents at EnerCom’s The Oil & Gas Conference®

 During Approach Resources’ breakout session, management was asked the following questions:

  •  What types of completions are you doing to drive down costs?
  • What type of sand loadings are you
August 17, 2016 - 10:19 am
NGP, EnLink Form $800 Million Midstream JV in the Delaware Basin: an Oil & Gas 360® Exclusive Interview with NGP’s Tony Weber

NGP, EnLink Form $800 Million Midstream JV in the Delaware Basin: an Oil & Gas 360® Exclusive Interview with NGP’s Tony Weber

New Lobo II expansion of EnLink’s existing Lobo System in the Delaware basin is anchored by long-term commitments from major producers; expects to be operational by year-end 2016

Subsidiaries of EnLink Midstream (ticker: ENLK) and private equity fund NGP Natural

August 4, 2016 - 3:50 pm