To everything there is a season, and while others might find this a time to scatter stones, this disciplined and prepared E&P is busy gathering them. The principals of Lime Rock Resources talk strategy, A&D and practiced patience.
For two years in a row since 2018, Texas RRC staff has taken two days on average to process standard drilling permits, one day below the legislative requirement, a release from the state agency said.
Devon Energy said Dec. 18 it expects to take a non-cash pretax charge of $650 million to $750 million in the fourth quarter related to the sale of its assets in the Barnett Shale.
The buyer of Devon’s Barnett position is Kalnin Ventures, a gas-focused investment vehicle backed by Thailand-based coal mining and power generation company Banpu Pcl.
The Federal Reserve Bank of Dallas has doubled its estimates for job losses this year through October in the oil and gas industry of Texas, as companies rein in spending in the face of volatile oil prices.
Unit Petroleum retained EnergyNet for the sale of royalties package in the Barnett Shale in North Texas through an auction closing Dec. 19.