Delaware Basin

Lease Sales

Marketed: Permian Basin/Wolfcamp Shale Package, Reeves County

Victerra Energy retained EnergyNet for the sale of a Permian Basin/Wolfcamp Shale package located in Reeves County, Texas, through an auction closing June 10.

May 26, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (May 21, 2020)

A record Wolfcamp Shale producer completed by EOG Resources in the Permian Basin plus two Haynesville Shale completions in Louisiana’s Bossier Parish top this week’s drilling activity highlights from around the world.

May 21, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of May 20, 2020

Here’s a snapshot of recent energy deals including a second bolt-on deal disclosed by Diversified Gas & Oil for Appalachia assets from EQT.

May 20, 2020

Technology

Danos Wins Work in Delaware Basin

Located outside of Loving, New Mexico, project work began in March and is expected to be completed by the end of August 2020.

May 20, 2020

Construction , Pipelines

Oryx Launches Binding Open Season for Delaware Oil Pipeline Expansion

Proposed capacity expansion involves pipe from Crane Station to Gray Oak Crane Station.

May 18, 2020

Business , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream

Centennial Terminates $225 Million Water Infrastructure Transaction

Houston-based WaterBridge Resources agreed in late February to acquire Centennial Resource Development’s Permian water assets in a $225 million transaction that was expected to close at the end of the first quarter.

May 18, 2020

Private Equity , People , Shale Plays , Water Management , Midstream

WaterBridge Names Co-CEOs as Founder Stephen Johnson Steps into New Role

In a statement, Stephen Johnson said he and the WaterBridge board are confident that now is the right time to transition the water midstream company’s leadership to the “next generation of talent.”

May 8, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Occidental, Devon Energy Post Quarterly Losses on Billion-dollar Charges

Both Occidental Petroleum and Devon Energy also announced plans on May 5 to deepen cuts for the third time since March in response to the historic crash of oil prices.

May 5, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of April 29, 2020

Here’s a snapshot of recent energy deals including closing renegotiation of BP’s $5.6 billion Alaska sale to Hilcorp Energy and a $575 million acquisition by Total.

April 29, 2020

Public Capital , Shale Plays

Parsley Energy Boosts Liquidity with Amended Revolver

The amendment to Parsley Energy’s revolver, which included an 8% expansion to its borrowing capacity, will likely be a rare exception during E&P spring redeterminations, says Capital One Securities analyst.

April 28, 2020