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. 

August 23, 2019

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.

August 22, 2019

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.

August 22, 2019


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.

August 21, 2019

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.

August 21, 2019

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.

August 20, 2019

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.

August 20, 2019

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.

August 20, 2019

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.

August 20, 2019


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.

August 19, 2019