Permian
Highlights
Best Of This Week’s Drilling Activity Highlights (Aug. 23, 2019)
A Powder River Basin discovery by Chesapeake, LLOG files Gulf of Mexico plan and a triple-lateral horizontal completion in South Texas top this week’s drilling activity highlights from around the world.
Unconventional , Shale Plays
Permian Basin’s ‘Overlooked,’ ‘Emerging’ Plays
The owner and president of a Midland, Texas-based oil company shared insight during a presentation on the Permian Basin’s journey from conventional to unconventional.
Private Equity , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream
H2O Midstream Adds Sabalo’s Water Assets To Growing Permian Position
Concurrent with the Sabalo acquisition, EIV Capital and multiple co-investors “substantially increased” their equity commitment for H2O Midstream to pursue additional growth in the Permian Basin.
Trends
A&D Transactions From The Week Of Aug. 21, 2019
Here’s a snapshot of energy deals from the past week including a Permian Basin acquisition by Vermilion Cliffs plus the closing of the roughly $422 million merger of rivals TGS and Spectrum.
Lease Sales
On The Market Quicklist (Week Of Aug. 21, 2019)
Here’s a quicklist of oil and gas assets on the market including a roughly 24,000 net-acre contiguous, operated position in the Olmos trend of South Texas and Wolfcamp nonop assets in the Permian.
Trade , Shale Plays , Pipelines
US Shale Producers Challenge Cactus II Pipeline Surcharge For Steel Tariff
Two U.S. shale producers have challenged an energy pipeline operator's proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.
Crude Oil , Pipelines
US Crude Export Window Slams Shut As New Pipelines Start
The spread between Brent and WTI has narrowed, making US oil less attractive.
Completions , Pressure Pumping
Certarus Enters Permian Flare Gas Capture Agreement With Supermajor
Certarus Ltd. has entered into a flare gas capture and compressed natural gas supply agreement on Aug. 19 with a multinational American energy supermajor to service its electric hydraulic fracturing operations in the Delaware and Midland basins.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures
Earthstone Energy CEO Actively Looking To Be Permian Consolidator
Earthstone Energy CEO Frank Lodzinski urged attendees of a recent industry luncheon in downtown Houston to “bring us deals” as the company looks to continue its growth story.
Drilling
Weatherford’s Well Construction President Talks New Sidetrack System
The AlphaST single-trip, open-hole cementing and sidetrack system is a true one-trip system.