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.
Aurex Energy signed a letter of intent for the JV with an undisclosed private company to rework a number of natural gas wells located in the Barnett Shale.
Operators in the Permian are looking for new processing systems and technologies that improve NGL recovery and increase ethane production.