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.
The Morrison Estate retained Meagher for the sale of multi-state override and mineral interests including in the Delaware and Powder River Basins through an offering closing July 25.
Representing a new generation of nimble entrepreneurs, Ameredev CEO Parker Reese had quick success in his first private-equity outing. With the E&P playing field shifting, can he do it again?
Jay Graham is back after the successful sale of WildHorse Resource Development to Chesapeake Energy with a new venture—this time in the Permian Basin.
The USGS says it has identified the Permian Basin’s Wolfcamp Shale and overlying Bone Spring Formation in the Delaware as its ‘largest continuous oil and gas resource ever assessed.’
Cushing has improved to more than $70/bbl, but WTI Midland has been fetching as much as $10/bbl less. Many Permian producers are using basis hedges to ride out the new-takeaway drought. Some have firm transport directly to export markets. How are Permian producers minding the gap? Listen in as Reed Olmstead, an expert from IHS Markit, provides further insight.
Resonance Resources retained PetroDivest Advisors to market for sale its Delaware Basin leasehold located in Lea County, N.M.