Deep Potential: Permian Woodford Delivers as Exxon, Mewbourne Join In
Oklahoma’s finest Woodford Shale developers are applying their learnings to the Permian Basin, where exploration of the deep bench is in its earliest innings.
On the Market This Week (May 5, 2025)
Here is a roundup of marketed oil and gas leaseholds in the Permian, Williston and Appalachian basins and the Bakken, Haynesville and Eagle Ford shales.
Riley Permian Buys Northwest Shelf E&P Silverback II for $142MM
Riley Exploration Permian Inc. is adding Northwest Shelf assets from EnCap-backed Silverback Exploration II. Riley is also cutting capex and focusing on preserving inventory amid weak oil prices.
Ring Energy Closes Central Basin Platform M&A from Lime Rock
Ring Energy added 17,700 net acres and 2,300 boe/d of production in the Central Basin Platform through an acquisition from Lime Rock Resources IV.
Diversified Energy Closes $1.3B Maverick Acquisition, Enters Permian
Diversified Energy Co. Plc completed its $1.3 billion acquisition of EIG-backed Maverick Natural Resources.
Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby.
Ring Sells Non-Core Vertical Wells as it Closes in on Lime Rock
Ring Energy Inc. said it sold non-core vertical wells with high operating costs as it works to close an acquisition of Lime Rock Resources IV’s Central Basin Platform assets.
Ring Energy Bolts On Lime Rock’s Central Basin Assets for $100MM
Ring Energy Inc. is bolting on Lime Rock Resources IV LP’s Central Basin Platform assets for $100 million.
Diversified to Acquire Maverick, Enter Permian Basin in $1.3B Deal
Diversified Energy will acquire EIG’s Maverick Natural Resources, adding acreage that offsets Diversified’s core Western Anadarko position and Permian Basin assets in the northern Delaware.
Shale Outlook Permian: The Once and Future King Keeps Delivering
The Permian Basin’s core is in full-scale manufacturing mode, with smaller intrepid operators pushing the basin’s boundaries further and deeper.