Building Momentum In The Stack: Devon Energy's five-well-per-section spacing pilot in the over-pressured Upper Meramec window came online with 1,400 boe/d per well, 60% light oil, and indications were that even tighter spacing may be possible. Here's a look at its leasehold, results and exploitation forecast for surfacing the Stack's resources.
- Tony Vaughn, COO of Devon Energy Corp.
Colgate Energy priced the offering of $500 million new senior unsecured notes due 2029, increased from the originally proposed $400 million, at par.
Callon Petroleum, which operates in the Permian Basin and Eagle Ford Shale, is “committed to sustainable and responsible development of our resources by mitigating the risks of climate change,” says President and CEO Joe Gatto.
Empire Petroleum acquired the assets in a historic oil field located on the northwestern edge of the Permian Basin’s Central Basin Platform in southeastern Lea County from Exxon Mobil’s XTO affiliate.