Post Tagged with: "Permian Basin"

Rig Counts Fall Again, Texas Loses 11

The number of running rigs in the United States fell for the second straight week in the latest analysis from Baker Hughes (ticker: BHI). A total of 13 rigs left the fleet for the week ended September 4, 2015, and …

W&T Offshore Sells Permian Assets, Sets Sights on Gulf of Mexico

W&T Offshore Sells Permian Assets, Sets Sights on Gulf of Mexico

WTI Deals Permian Position for $376 Million to Private Equity Firm

W&T Offshore (ticker: WTI), a Houston-based exploration and production company, has increased its focus on assets… offshore. On September 1, 2015, WTI divested the majority of its position in …

ExxonMobil Increases Position in the Permian with 48,000 Acre Acquisition

ExxonMobil Increases Position in the Permian with 48,000 Acre Acquisition

ExxonMobil executes two deals for Permian acreage

ExxonMobil (ticker: XOM) announced that it has acquired 48,000 acres in the core of the Midland Basin through the execution of two agreements. The agreements include an acquisition and farm-in adjoining XOM subsidiary …

IET Now Eliminating Hydrogen Sulfide in 174 Wells

IET Now Eliminating Hydrogen Sulfide in 174 Wells

Integrated Environmental Technologies (IET; Ticker: IEVM) is now producing its Excelyte biocide for use in 174 wells across the Uinta Basin in Utah and the Permian Basin in New Mexico. The biocide reduces the amount of hydrogen sulfide (H2

July 22, 2015 - 7:20 pm Analytics, Oil and Gas 360 Articles, Oilfield Services
WPX Energy Adds Permian Basin to Portfolio with $2.75 Billion Acquisition

WPX Energy Adds Permian Basin to Portfolio with $2.75 Billion Acquisition

WPX Establishes Fourth Core Area

Wells Provide 30% Return at $60/barrel

WPX Energy (ticker: WPX) is moving into the most prolific oil play in the United States.

On July 14, 2015, the Tulsa-based company announced the acquisition of privately held …

Ring Energy Fuels Drilling Program with Equity Offering

Ring Energy Fuels Drilling Program with Equity Offering

Ring Energy (ticker: REI), an E&P based in Midland, Texas, added to its balance sheet in the form of a public equity offering on June 18, 2015. The company issued 4,500,000 shares of common stock at a price of $11.50 …

Energen Going Big in Permian with New Hedges, $400+ Million Stock Offering

Energen Going Big in Permian with New Hedges, $400+ Million Stock Offering

Multi-year acceleration of Permian development slated for 2016 start

Wolfcamp B and C benches in Glasscock County may warrant two laterals per zone

Energen Corporation (ticker: EGN) took measures to secure stable near-term growth this week, adding its first oil …

Ring Energy Enters the Delaware Basin with $75 Million Acquisition

Ring Energy Enters the Delaware Basin with $75 Million Acquisition

Extends Permian Position

Ring Energy (ticker: REI) followed through on its acquisition comments in its Q1’15 conference call, announcing purchase of 14,000 net acres in the Delaware Basin in a news release on May 26, 2015. The $75 million transaction …

Callon Petroleum Escalating Permian Operations, Prepares to Exploit the Lower Spraberry

Callon Petroleum Escalating Permian Operations, Prepares to Exploit the Lower Spraberry

Lower Spraberry Type Curves: 900 MBOE

It took four years for Callon Petroleum (ticker: CPE) to transition to the Permian Basin, and since the shift completed last year, the micro-cap E&P is boosting operational activity despite a rather difficult commodity …

Callon Petroleum Fitting the Role of a Low-Cost Permian Producer

Callon Petroleum Fitting the Role of a Low-Cost Permian Producer

An Exclusive Interview with CPE’s CEO Fred Callon

Callon Petroleum (ticker: CPE) became a pure-play Permian Basin E&P no more than one year ago, but its efficiency in the United States’ greatest oil producing play is apparent. In a news …

Permian Production Nearing 2 MMBOPD in Latest EIA Report

Permian Production Nearing 2 MMBOPD in Latest EIA Report

The Drilling Productivity Report, released monthly by the Energy Information Administration, expects production in all seven listed regions to rise in February even though companies are laying down rigs and reducing operations.

The two respective giants of the oil and …

Winter is Coming for the Oil & Gas Industry

Winter is Coming for the Oil & Gas Industry

Worsening conditions prove there is no such thing as home field advantage

Production in the Permian Basin was impacted this last week due to freezing rain and temperatures dropping into single digits, according to news releases from Energen (ticker: EGN)

American Energy set to Double Total Landholdings in the Permian

American Energy set to Double Total Landholdings in the Permian

Privately held American Energy Partners, LP’s affiliate is closing on 14,000 net acres of leasehold primarily located in Reagan County, Texas and 1,400 BOEPD of production for $440 million, in cash and notes, according to a news release from the …

November 26, 2014 - 5:30 pm Mergers & Acquisitions, Oil and Gas 360 Articles
Resolute Energy Posts Production Increase, 2015 Coming into View

Resolute Energy Posts Production Increase, 2015 Coming into View

Resolute Energy Corp. (ticker: REN) is an exploration and production company with producing assets in the Permian Basin (Texas), the Hilight Field of the Powder River Basin (Wyoming) and the Aneth Field of the Paradox Basin (Utah). REN is developing …

American Energy Partners Update: What is McClendon Up to Now?

American Energy Partners Update: What is McClendon Up to Now?

Aubrey McClendon has had little time off since his publicized ouster from his first E&P empire (Chesapeake Energy – ticker: CHK). Since founding American Energy Partners (AEP) in April 2013, McClendon has quietly amassed acreage in several major North American …

How Much is too Much for the Permian?

How Much is too Much for the Permian?

Overall, 29% of all rigs in the United States are running in the Permian

Infrastructure constraints. Spot prices trading at a considerable discount to Cushing. Questions about the longevity of the oil boom.

E&Ps hear all the concerns in the …

October 8, 2014 - 6:21 pm Midstream, Oil and Gas 360 Articles
Encana Sees Big Potential in $7.1 Billion Acquisition of Permian Pure-Play Athlon Energy

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

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 …

September 29, 2014 - 6:58 pm Canada, Mergers & Acquisitions, Oil and Gas 360 Articles
Perspectives on Valuation — Why Callon Petroleum’s $212.6 Million Permian Basin Acquisition Delivers

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

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 …

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

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

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 …

Breitling Energy: A Land Royalty Company Moves Into Operations

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, …

Arabella Exploration Updates Wolfbone Operations; First of Four Emily Bell Wells Produces Peak Rate of 1,221 BOEPD

Arabella Exploration Updates Wolfbone Operations; First of Four Emily Bell Wells Produces Peak Rate of 1,221 BOEPD

Arabella Exploration, Inc. (ticker: AXPLF) is an independent oil and natural gas company focused on the acquisition, development and exploration of unconventional, long life, onshore oil and natural gas reserves in the southern Delaware Basin in Reagan and Pecos, Texas …

June 18, 2014 - 4:09 pm Oil and Gas 360 Articles
Resolute Energy Monetizing a Portion of Its Legacy Assets to Accelerate Activity in the Permian and Powder River Basin

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

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 …

May 20, 2014 - 1:17 pm Earnings, Finance, Oil and Gas 360 Articles
Callon Petroleum Accelerates Growth in the Permian, Increases Guidance Rates

Callon Petroleum Accelerates Growth in the Permian, Increases Guidance Rates

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 …

May 15, 2014 - 7:33 pm Finance, Offshore, Oil and Gas 360 Articles
An Introduction to Arabella Exploration: Focused on the Wolfbone in the Permian Basin

An Introduction to Arabella Exploration: Focused on the Wolfbone in the Permian Basin

Arabella Exploration, Inc. (ticker: AXPLF) is an independent oil and natural gas company focused on the acquisition, development and exploration of unconventional, long life, onshore oil and natural gas reserves in the southern Delaware Basin in Reagan and Pecos, Texas …

April 3, 2014 - 5:05 pm Oil and Gas 360 Articles
Shell Reevaluates American Operations, Positions Itself for Potential LNG Boom

Shell Reevaluates American Operations, Positions Itself for Potential LNG Boom

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 …

March 20, 2014 - 11:06 am Canada, Finance, Midstream, Offshore, Oil and Gas 360 Articles
Resolute Energy Boosts Production Rates, Focused on Permian Oil in 2014

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

March 13, 2014 - 5:15 pm Finance, Fracing, Oil and Gas 360 Articles, Regulatory

Permian-Focused Callon Petroleum Updates Reserves, Provides 2014 Guidance

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 …

February 24, 2014 - 4:04 pm Finance, Fracing, Midstream, Oil and Gas 360 Articles
Resolute Energy Provides Update on Horizontal Permian Program

Resolute Energy Provides Update on Horizontal Permian Program

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 …

December 12, 2013 - 4:16 pm Fracing, Oil and Gas 360 Articles
QEP Acquires Permian Basin Assets for $950MM; Adds 264 Drilling Locations on 26,519 Net Acres

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

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 …

December 10, 2013 - 5:22 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

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

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 …

November 12, 2013 - 4:51 pm Fracing, Oil and Gas 360 Articles