Permian
Trends
Energy A&D Transactions From The Week Of Feb. 26, 2020
Here’s a snapshot of energy deals from the past week including Centennial Resource Development’s $225 million sale of produced water infrastructure in the Permian Basin.
Lease Sales
On The Market Oil And Gas Quicklist (Week Of Feb. 26, 2020)
Here’s a quicklist of oil and gas assets on the market including Sierra Resources’ large, operated and contiguous in the Eagle Ford Shale plus QEP assets in Kentucky and Michigan.
Business , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream
Centennial Resource Development Sells Off Permian Water Assets For $225 Million
Upon closing of the acquisition, WaterBridge will handle all of Centennial Resource Development's produced water in the southern Delaware Basin.
Unconventional , Discoveries , Shale Plays
Torchlight Energy Strikes Oil, Gas At Orogrande Test Well
The oil producer said it expects the new field—The Upper Pennsylvanian Silt (WolfPenn)—to be an oil-rich reservoir with significant volumes of gas as well.
People , Exploration & Production , Shale Plays
Mark Papa To Retire From Centennial Resource Development
Following Mark Papa’s retirement, the board of Permian shale operator Centennial Resource Development has decided to separate the roles of chairman and CEO.
Unconventional , Conventional , Drilling , Completions
Acoustic Imaging Tool Provides 360-degree Downhole View
The approach leverages sound waves to give operators eyes inside their wellbores.
Investment , Health, Safety & Environment , Emissions , Renewables
Varying Shades Of Green: Big Oil’s Different Energy Transition Approaches
From renewable power projects to cutting emissions from oil and gas operations, supermajors on both sides of the Atlantic are taking different approaches to going greener.
Public Capital , Policy & Regulations , Health, Safety & Environment , Emissions , Shale Plays
Pioneer CEO Scott Sheffield Urges Investors To Divest In Top Flarers
Pioneer Natural Resources CEO Scott Sheffield called on oil and gas investors to sell shares or pull funding from companies that have rates of natural gas flaring.
Shale Plays , Midstream
Energy Transfer Signs Eagle Ford Shale, Permian Basin Agreements
Energy Transfer signed agreements with an undisclosed company for the gathering, processing, transportation and fractionation of NGL in the Eagle Ford Shale and the Permian's Delaware sub-basin.
Lease Sales
Marketed: Producing Bone Spring ORRI, Lea County, New Mexico
Merrion Oil & Gas retained EnergyNet for the sale of overriding royalty interest package in the Permian Basin through a sealed-bid offering closing March 10.