A Haynesville discovery drilled by Aethon Energy in the Carthage Field in San Augustine County, Texas, plus three Arkoma Basin wells completed at a Hughes County drillpad in Oklahoma top this week’s drilling activity highlights from around the world.
Marathon Oil CEO Lee Tillman says it is imperative that the company and the oil and gas industry address the “dual challenge of meeting the world’s growing energy demand while also responding to the risk of climate change.”
As part of its acquisition of Tall Oak III, Tailwater Capital said it will merge the company’s assets with Tailwater’s existing portfolio company in the Midcontinent region, Connect Midstream, with the Tall Oak team assuming operatorship.
Here’s a snapshot of recent energy deals including the $465 million acquisition of private Williston Basin operator Bruin E&P by Enerplus plus Contango Oil & Gas closes its all-stock merger Mid-Con Energy.
Here’s a quicklist of oil and gas assets on the market including Cimarex Energy Midcontinent properties in Oklahoma and Texas plus North Texas operated packages and ORRI assets in the core of the Williston Basin.
Earlier this month, Kimmeridge had urged Ovintiv to focus on capital allocation, management compensation issues and establishing environmental strategy.
The U.S. rig count rose 6% in the last month, according to Enverus Rig Analytics, with the Permian ranking as the basin that added the most rigs.
Cimarex Energy Co. is considering the sale of certain Midcontinent oil and gas properties and related infrastructure in Oklahoma and Texas and has engaged Meagher Energy Advisors Inc. as its exclusive financial and technical adviser.
Martyn Willsher, previously interim CEO and CFO of the Houston-based E&P company, has worked for Amplify Energy and its predecessor companies since 2012