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Three-Way Midland Basin Combination Creates $1.5 Billion E&P
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position and 12,000 boe/d of production that is expected to more than double through 2020.
Pin Oak Energy Acquires Chunk Of Shell’s Appalachia Position
Pin Oak Energy closed a transaction with a Shell affiliate to acquire roughly 43,000 acres prospective for Utica Shale development in northwestern Pennsylvania.
Brazil’s ANP Suspends Oil, Gas Bidding Rounds Due to Coronavirus
In a press release, the ANP said its action followed the Mines and Energy Ministry’s decision to suspend pre-auction procedures such as the drafting of documents and contracts in light of the current economic uncertainty.