Abraxas Petroleum effected a 1-for-20 reverse stock split of its issued and outstanding shares of common stock on Oct. 19, which boosted the oil producer’s share price above $1 for the first time since July 2019.
Here’s a quicklist of oil and gas assets on the market including a Permian Basin well package operated by Apache Corp. plus Royal Blue Minerals II’s Williston Basin position.
Securing federal drilling permits, further proving the merits of midspacing wells, making free cash flow, achieving scale and finding an exit or, if not, how to go forward otherwise. Here’s what’s on the minds of oil and gas operators in the Delaware Basin today.
Occidental Bone Spring completions, EOG Niobrara producers at a Johnson County wellpad in Wyoming plus commingled Woodford/Hayes wells reported by Calyx Energy top this week’s drilling activity highlights from around the world.
A Bone Spring discovery by WPX Energy within the Permian Basin in Loving County, Texas, plus EOG Resources’ horizontal Wolfcamp Shale producers from a Phantom Field wellpad top this week’s drilling activity highlights from around the world.
"Due to historically low global energy demand and commodity prices, we determined it is best for Oasis Petroleum to take decisive action to strengthen our liquidity," CEO Thomas Nus says.
The combined company, which will be named Devon Energy, will create a leading unconventional oil producer in the U.S. with a dominant Delaware Basin acreage position.
Check out the latest oil and gas drilling activity highlights across the U.S. featured in the September issue of E&P Plus including Occidental Petroleum Bone Spring discoveries plus Marcellus Shale wells completed by Chevron.
A Haynesville completion by XTO Energy plus Centennial Resource Development Bone Spring discoveries on the Carlsbad Shelf in the Permian Basin top this week’s drilling activity highlights from around the world.
ConocoPhillips reports extended-reach horizontal Niobrara Shale producers in Colorado’s D-J Basin plus Wolfbone Field-Bone Spring wells completed by Occidental Petroleum in Reeves County, Texas, top this week’s drilling activity highlights from around the world.