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.
Check out the latest oil and gas drilling activity highlights across the U.S. featured in the October issue of E&P Plus including Chesapeake Energy Marcellus Shale discoveries plus a Wolfcamp well tested by Occidental Petroleum in New Mexico’s Eddy County.
Here’s a snapshot of recent energy deals including a wave of upstream mergers in the Permian Basin that saw ConocoPhillips agreeing to acquire Concho Resources and Pioneer Natural Resources buying Parsley Energy.
The merger of the two shale producers, both Permian Basin pure-plays, follows a growing wave of consolidation, which Enverus’ Andrew Dittmar described as a “historic winnowing of U.S.-based independent E&P companies.”
Pioneer and Parsley, both Permian pure-plays, are discussing an all-stock deal and could be completed by the end of the month if talks don’t fall apart, a report by the Wall Street Journal said citing people familiar with the matter.
Concho Resources’ chairman and CEO, Tim Leach, is set to join ConocoPhillips’ board of directors and executive leadership team as executive vice president and president of Lower 48.
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.
Here’s a snapshot of recent energy deals including the sale of Blue Mountain Midstream and its assets in Oklahoma’s Merge/SCOOP/STACK play by Riviera Resources in a $111 million cash transaction.
M. Chris Doyle joins Primexx Energy Partners, a privately held, independent oil and gas company operating in the Southern Delaware Basin, within the Permian from Olympus Energy.
Ring Energy agreed in April to divest the Delaware Basin position comprising nearly 20,000 acres in Culberson and Reeves counties, Texas, to an undisclosed buyer for about $31.5 million.