SM Energy has landed two tests in its Midland Basin leasehold, while Vital Energy reports it’s drilled four. SM’s IPs are promising, while Vital has just begun flowback.
When other E&Ps were packing up and exiting Oklahoma, Mach Natural Resources went all-in on the Midcontinent. Now Mach CEO Tom Ward says the company is exploring M&A options in other basins as competition and prices creep back up.
Oklahoma City’s Echo Minerals sold mineral and royalty acreage in the Permian and Anadarko basins to Sixth Street Partners.
The Anadarko Basin's complexities are not stopping Continental Resources from capitalizing on its resources and eyeing acreage that may possibly be on the market soon following the closing of some big deals, the company's Vice President of the Anadarko Basin Aaron Chang told Hart Energy's Nissa Darbonne at SUPER DUG.
Wayfinder Resources Operating and KSE Minerals has retained EnergyNet for the sale of a Mississippian/ Woodford opportunity in Canadian County, Oklahoma.
The pureplay operator Sabine Oil and Gas is in the market to buy—preferably to add to its East Texas portfolio — but is also open to gassy assets in the Eagle Ford, Oklahoman Woodford and Utica.
Operators are adding inventory, largely through M&A, as some E&Ps see well productivity plateauing.
A private seller retained Eagle River Energy Advisors LLC for the sale of certain nonoperated working interest, overriding royalty interest (ORRI) and mineral assets in the Arkoma Basin in Oklahoma.
Here’s a quicklist of oil and gas assets on the market including Arkoma Drilling’s portfolio of Haynesville assets in North Louisiana plus the Gungnir Resources prospect in the northern D-J Basin in Wyoming.
Here’s a quicklist of oil and gas assets on the market including a Continental Resources North STACK 200-well package in Oklahoma plus Texegy Royalty Austin Chalk minerals for lease in Louisiana.