Post Tagged with: "Permian"

EnerCom Conference Presenters will Outline Permian Economics

EnerCom Conference Presenters will Outline Permian Economics

The Permian Basin, the gift that keeps on giving—from an oil and gas standpoint—has spent the last few years as the site of numerous producers’ core acreage. In many instances, lower oil prices and the relative volatility of the oil …

Yuma Energy Looks toward the San Andres Portion of the Permian

Yuma Energy Looks toward the San Andres Portion of the Permian

Yuma Energy Inc. (ticker: YUMA) has producing assets in North Dakota, California, Louisiana, and Texas, with the majority of its acreage centered in South Louisiana and Texas. The company holds a total of 16,210 net acres across all of its …

Approach Resources Using Nano-Fluids in Wolfcamp Completions

Approach Resources Using Nano-Fluids in Wolfcamp Completions

Permian pure play operator — Approach Resources Inc. (ticker: AREX) – is carefully evaluating its completions in its Wolfcamp benches.

Approach holds 138,000 gross (120,000 net) acres targeting primarily the Wolfcamp A, B, and C benches. In its Permian acreage, …

Jagged Peak Energy: New Permian Pure Play Targeting 1,200 Drilling Locations

Jagged Peak Energy: New Permian Pure Play Targeting 1,200 Drilling Locations

Permian pure-play Jagged Peak Energy (ticker: JAG) holds approximately 70,000 net acres in the prolific basin. Within its Permian acreage, Jagged Peak has identified 1,265 potential drilling locations and—as of September, 2016—estimates its proved reserves value at 32.7 MMBOE.

The …

QEP Resources Has 5 Rigs Drilling the Permian, 1 in the Williston, 1 in the Pinedale Anticline

QEP Resources Has 5 Rigs Drilling the Permian, 1 in the Williston, 1 in the Pinedale Anticline

‘Tank’ completions in the Spraberry, Wolfcamp; and 20-24 re-fracs in the Haynesville

QEP Resources (ticker: QEP) holds acreage across the Williston basin, Pinedale Anticline, Uinta basin, Permian basin, and Haynesville shale. QEP’s acreage produces oil, NGLs, and dry gas—totaling in …

Lilis Energy: Seeking Opportunity in Pure Play Delaware

Lilis Energy: Seeking Opportunity in Pure Play Delaware

Lilis Energy (ticker: LLEX) is exclusively involved in exploration and development in the Permian basin. As of June, 2017, the company currently holds over 10,000 net acres in the Delaware basin and estimates that its acreage holds over 500 potential …

Black Stone Minerals: Creating Success by Gathering Up the Right Properties

Black Stone Minerals: Creating Success by Gathering Up the Right Properties

Black Stone Minerals (ticker: BSM) holds approximately 18 million mineral and royalty acres across 60 producing basins and 40 states, all for the purpose of leasing attractive acreage positions to E&P companies.

Black Stone Minerals maintains an attractive business model …

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 …

Cimarex: Permian Drives Up Production

Cimarex: Permian Drives Up Production

Cimarex Energy (ticker: XEC) raised its 2017 production guidance to 1.13 Bcfe per day from 1.09 Bcfe per day following the establishment of increased Q1 production.

The company, which has operations based in the Mid-Continent and in the Permian basin, …

Earthstone Energy Inc. Taking Advantage of its Midland Assets

Earthstone Energy Inc. Taking Advantage of its Midland Assets

Capitalizing on the Midland acquisition

Midland-Eagle Ford-Bakken producer Earthstone Energy (ticker: ESTE) isn’t slowing down. With 66.1 MMBOE in reported proven reserves and 9,515 BOEPD average production in 2017, Earthstone is moving forward on a growth plan that’s being fueled …

Panhandle Oil and Gas Inc.: Big Leases in the Permian; Diversification Across Southern U.S. Plays

Panhandle Oil and Gas Inc.: Big Leases in the Permian; Diversification Across Southern U.S. Plays

Founded in Oklahoma City in 1926, Panhandle Oil and Gas (ticker: PHX) boasts a foundation of 255,000 net acres of perpetually owned mineral rights spread primarily over Arkansas, Oklahoma, and Texas.

Panhandle is in the position of holding large tracts …

Moving NatGas Liquids out of the Permian: Major Expansion Coming to DCP Midstream Sand Hills Pipeline

Moving NatGas Liquids out of the Permian: Major Expansion Coming to DCP Midstream Sand Hills Pipeline

DCP Midstream (ticker: DCP) announced this week it will be expanding its Sand Hills natural gas liquids pipeline by 85 MBPD up to approximately 450 MBPD. DCP will be investing $105 million towards long lead equipment and securing right of …

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

Yuma Energy, Inc. (ticker: YUMA) said it has sold its wholly owned subsidiary’s El Halcón property for $5.5 million.

The assets are located in Brazos County, Texas, and Yuma held an average working interest of approximately 10% (1,557 net acres) …

Round Two: OPEC vs. U.S. Shale

Round Two: OPEC vs. U.S. Shale

OPEC will meet to decide on further production cuts next week, but will their efforts be ruined by the power of U.S. shale producers?

OPEC has been restraining production since the beginning of the year, after a group of cartel …

Permian Thought Leaders Talk Turkey

Permian Thought Leaders Talk Turkey

“It will get to a point where it’s actually artificial intelligence that’s drilling our wells for us, with us observing” – Tim Dove, CEO, Pioneer Natural Resources

There are a lot of smart E&P companies rambling around West Texas, the …

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 …

Noble Energy Captures 171,000 Permian Acres and 10 MBOEPD Production as Clayton Williams Deal Closes

Noble Energy Captures 171,000 Permian Acres and 10 MBOEPD Production as Clayton Williams Deal Closes

Noble becomes 2nd largest Southern Delaware acreage holder

Noble Energy, Inc. (ticker: NBL) has completed its acquisition of Clayton Williams Energy as of market close on April 24, 2017.  In conjunction with the closing, Clayton Williams Energy became a wholly …

PDC Energy (ticker: PDCE) CEO Bart Brookman rang the Nasdaq opening bell today in celebration of PDC’s 40 years trading on Nasdaq.

PDC Energy Celebrates 40 Years on Nasdaq

PDC Energy Celebrates 40 Years on Nasdaq

PDC Energy (ticker: PDCE) CEO Bart Brookman rang the Nasdaq opening bell today in celebration of PDC’s 40 years trading on Nasdaq. The company had numerous executives on site for the occasion at the Nasdaq MarketSite in Times Square.

PDC Energy Celebrates 40 Years on Nasdaq

PDCE:

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 …

U.S. Rig Count Now 396 Rigs Higher Than Year-Ago Levels

U.S. Rig Count Now 396 Rigs Higher Than Year-Ago Levels

Drilling continues to pick up in the U.S. as oil remains above $50 per barrel

Baker Hughes Industries (ticker: BHI) released the North American rig count Friday showing yet another week of increased drilling activity in the United States. The …

Buckhorn Energy: Helping XTO Cut Costs for Bakken Water Disposal

Buckhorn Energy: Helping XTO Cut Costs for Bakken Water Disposal

Buckhorn Energy to build, own and operate disposal system in McKenzie County; looks to Permian for expansion

Colorado-based Buckhorn SWD Solutions, LLC, announced last week that the company has entered into a service agreement with XTO Energy (ticker: XTO) to …

The Best Acquisitions Are Not All in the Permian: a Comparison of 4 U.S. Deals

The Best Acquisitions Are Not All in the Permian: a Comparison of 4 U.S. Deals

Markets reward companies making good transactions, but sometimes even the Permian can’t move the needle

The most recent downturn in oil and gas prices has forced the industry to find the most economic acreage available in order to generate returns …

Proposed Permian Refinery Could Take 50,000 BOPD from West Texas Producers

Proposed Permian Refinery Could Take 50,000 BOPD from West Texas Producers

It’s small when you compare it to the top ten largest U.S. refineries, most located on the Gulf coast, all having capacities between 300,000 barrels and half a million barrels per day, but a small Texas-based energy company has announced …

Resolute Energy: New Credit Facility, 2016 Reserves and Production

Resolute Energy: New Credit Facility, 2016 Reserves and Production

Resolute Energy Corporation (ticker: REN) reported year-end 2016 reserves and production:

— Fourth quarter exit rate in excess of 20,800 Boe per day —
— Reserves increase 82% to 60.3 million Boe —
— Closed new bank facility; $150 …

Utica Wells Producing 4.2x More than in January 2014, Beating Permian Efficiencies

Utica Wells Producing 4.2x More than in January 2014, Beating Permian Efficiencies

Despite relatively low rig activity, the Utica shows the strongest gains in production efficiency since January 2014

Baker Hughes Industries (ticker: BHI) released its weekly update on the number of rigs operating in the United States Friday, showing ten more …

Encana Plans to Grow Permian Production by 50% in 2017

Encana Plans to Grow Permian Production by 50% in 2017

2017 Development to focus on Permian, Eagle Ford, Montney

Encana (ticker: ECA) announced fourth quarter earnings and 2016 reserves Thursday, showing a net loss of $281 million, ($0.29) per share. Full year results were a loss of $944 million, or …

Photo: Oil & Gas 360 - Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

Permian – Delaware Basin Action Virtually Nonstop Since Oct. 1

No slowdown for the Permian

Everybody is getting into the action in the Permian basin and in the Delaware portion of the basin in particular.

Even Norway’s TGS-NOPEC Geophysical Company (ticker: TGS) has landed in the Permian. TGS announced today …

Permian Player Jagged Peak Energy Goes Public

Permian Player Jagged Peak Energy Goes Public

Jagged Peak Energy is developing 60,000 net acres in the Southern Delaware basin

Jagged Peak Energy (ticker: JAG), made its official debut today after the pricing of its IPO on the New York Stock Exchange. Jagged Peak also launched its …

Stepping on the Accelerator: Parsley Energy Snags $607 Million in Midland, Delaware Assets

Stepping on the Accelerator: Parsley Energy Snags $607 Million in Midland, Delaware Assets

Parsley plans to complete 120-140 gross operated horizontal wells in 2017, company targets 60% annual production growth in 2017

Parsley Energy, Inc. (ticker: PE) has entered into unrelated transactions for undeveloped acreage and producing oil and gas properties adjacent …

Texas Economy Finally Heading Up-ish: Comerica Bank

Texas Economy Finally Heading Up-ish: Comerica Bank

Permian rig count growth a boon to Texas’s overall economy

Dallas-based Comerica Bank (ticker: CMA), released its Texas Economic Activity Index last week, saying its measure of the Texas economy advanced for a second consecutive month, gaining 0.4 percentage points …