Tessara Petroleum Resources retained RedOaks Energy Advisors for the sale of certain nonoperated and ORRI properties located in Loving County, Texas, of the Permian's Delaware Basin.
Improved optimization could enhance the returns sought by oil and gas investors.
BlackGold Capital said 72% of the net royalty acres in the acquired portfolio are leased by operators in the top quartile of active horizontal rig counts in the Midland Basin.
U.S. pipeline operator Kinder Morgan reported a 26% rise in quarterly profit on Jan. 22, benefiting from higher gas takeaway from Permian Basin through its Gulf Coast Express pipeline.
Here’s a snapshot of energy deals from the past week including the closing of the $1.7 billion all-stock merger of PDC Energy and SRC Energy plus a Midland Basin mineral acquisition.
Crude line connects the company’s Midland Terminal to long-haul pipes originating at Crane, Texas.
Here’s a quicklist of oil and gas assets on the market including “SOHOT” asset packages from Marathon Oil in Oklahoma plus a Merit Energy Powder River Basin waterflood asset.
Energy Advisors Group is assisting a mineral and royalty holding company seeking acquisitions of any size in the major U.S. basins especially in plays such as the Permian Basin, Haynesville and Utica/Marcellus.
U.S. oil production from seven major shale formations is expected to rise about 22,000 barrels per day next month, which would be the smallest monthly increase since shale output declined in February 2019.