The old is new once again in the western Anadarko Basin, as private independents revive the slumbering province.
From the western Anadarko to the Arkoma Basin, these E&Ps—Tecolote Energy, Canyon Creek Energy and Presidio Petroleum—are drilling and delineating. Hear their results and plans.
Midstates Petroleum announced the sale earlier this year with proceeds of $58 million earmarked to pay down debt.
Proceeds from the sale of a 50% stake in Unit’s midstream affiliate will be used to accelerate the drilling program of its E&P in the Midcontinent and Texas Gulf Coast regions.
The investment, which is the New York-based firm’s first since closing Blue Wolf Capital Fund IV LP at its hard cap of $540 million in September 2017, is expected to facilitate rapid expansion at Petrosmith.
The acquisition in the Texas Panhandle will bring FourPoint’s production to more than 530 million cubic feet equivalent per day and give it control of 300 miles of pipe.