With a newly raised, third, $1.5-billion fund, Sheridan Production plans to continue to focus on transactions in the Midcontinent area. Since being formed in 2006, the mature-basin exploiter has closed eight acquisitions for a total of $5.2 billion and produces 34,000 boe/d, net, 97% operated, in Oklahoma, New Mexico, Texas and Wyoming. Here is a look at its Midcontinent portfolio and its plans.
- Jim Bass, president and CEO, Sheridan Production Co. LLC.
Daniel Rice, former CEO of Rice Energy who now sits on the EQT board, addressed the elephant in the room earlier this month at Hart Energy’s Energy Capital Conference.
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
The acquisition of Jagged Peak will more than double Parsley Energy’s position in the Delaware Basin, where the companies expect to generate G&A savings of about $25 million within the first year.