Permian Basin – Page 14

Encana Sees Big Potential in $7.1 Billion Acquisition of Permian Pure-Play Athlon Energy

September 29, 2014

Calling the move “transitional,” Encana Corp. (ticker: ECA), Canada’s largest natural gas company, has announced it will acquire all shares and assume the senior notes of Fort Worth’s Athlon Energy (ticker: ATHL) in a US$7.1 billion cash offer, which Encana says is immediately accretive to cash flow per share. Under the terms of the merger agreement, Athlon shareholders will receive

Perspectives on Valuation — Why Callon Petroleum’s $212.6 Million Permian Basin Acquisition Delivers

September 8, 2014

On September 2, 2014 we reported on the acquisition of 6,230 gross acres (3,862 net) in the Midland Basin area of the Permian Basin by Callon Petroleum Company (ticker: CPE). The properties were purchased for $212.6 million in cash and are near CPE’s existing operations in Carpe Diem and Pecan Acres in Midland County, Texas. The sale is effective May

Callon Petroleum’s $212.6 Million Acquisition Boosts Permian Horizontal Drilling Inventory by 67%

September 2, 2014

Callon Petroleum Company (ticker: CPE), a Permian Basin pure-play E&P, announced the addition of 6,230 gross acres (3,862 net) in the oil province on September 2, 2014. The properties were purchased for $212.6 million in cash and are near CPE’s existing operations in Carpe Diem and Pecan Acres in Midland County, Texas. The sale is effective May 1, 2014 and

Breitling Energy: A Land Royalty Company Moves Into Operations

July 24, 2014

Breitling Energy Corporation (ticker: BECC) is focused on the acquisition, exploration and development of lower risk onshore plays in the United States. The Dallas, Texas-based company primarily targets the Permian Basin and Mississippi oil window through its properties in Texas, North Dakota, Oklahoma and Mississippi. Breitling Snapshot Breitling ended fiscal 2013 with 710 MBOE in reserves (70% oil) and is

Resolute Energy Monetizing a Portion of Its Legacy Assets to Accelerate Activity in the Permian and Powder River Basin

May 20, 2014

Resolute Energy Corp. (ticker: REN) is engaged in the acquisition, development and production of onshore domestic hydrocarbons, principally crude oil. Its producing assets are the Aneth Field in the Paradox Basin of Utah, the Hilight Field in the Powder River Basin of Wyoming and in the Permian Basin of West Texas. Resolute completed the transition to a full scale horizontal

Callon Petroleum Accelerates Growth in the Permian, Increases Guidance Rates

May 15, 2014

Callon Petroleum (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in the Permian Basin of West Texas. In a conference call with analysts and investors on May 9, 2014, Fred Callon, Chairman and Chief Executive Officer of Callon Petroleum, said, “This is our first reporting quarter without production contribution from our divested

Shell Reevaluates American Operations, Positions Itself for Potential LNG Boom

March 20, 2014

Royal Dutch Shell plc (ticker: RDS.B) is incorporated in England and Wales and serves as the parent company for Shell, a global group of energy and petrochemical companies. Shell has a global presence in both the upstream and downstream business with operations in more than 70 countries. The company sold 19.6 million tons of equity LNG during 2013 and is

Resolute Energy Boosts Production Rates, Focused on Permian Oil in 2014

March 13, 2014

Resolute Energy Corp. (ticker: REN) is engaged in the acquisition, development and production of onshore domestic hydrocarbons, principally crude oil. Resolute’s producing assets are the Aneth Field in the Paradox Basin of Utah and Hilight Field in the Powder River Basin of Wyoming, in the Permian Basin of West Texas and in the Bakken trend in the Williston Basin of

Permian-Focused Callon Petroleum Updates Reserves, Provides 2014 Guidance

February 24, 2014

Callon Petroleum (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in the Permian Basin of West Texas. In 2009, Callon began a strategic initiative to diversify its operations from strictly offshore Gulf of Mexico by shifting to onshore operations in the Permian Basin of West Texas. The company sold off virtually all

Resolute Energy Provides Update on Horizontal Permian Program

December 12, 2013

QEP Acquires Permian Basin Assets for $950MM; Adds 264 Drilling Locations on 26,519 Net Acres

December 10, 2013

QEP Resources, Inc. (NYSE:QEP) is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, the Texas Panhandle, and Louisiana) of the United States. Since its spinoff from the regulated utility Questar Corporation in 2010, QEP Resources

Callon Petroleum Reports Q3'13 Results; Completes Transition to Permian Operator

November 12, 2013

Callon Petroleum (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in the Permian Basin of West Texas. In 2009, Callon began a strategic initiative to diversify its operations onshore in an effort to reduce reinvestment risk and increase visible growth potential. Callon entered the Permian Basin of West Texas and since then

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