Delaware Basin
Highlights
Best Of This Week’s Drilling Activity Highlights (Aug. 16, 2019)
A Wolfcamp shale discovery in the Permian by Occidental, Chesapeake high-volume Haynesville completions and a California oil discovery top this week’s drilling activity highlights from around the world.
People , Exploration & Production , Shale Plays
Halcón Resources Taps Ajax’s Ragan Altizer As CFO
Ragan Altizer, the former Ajax Resources CFO, joins Halcón while the Permian producer is undergoing a restructuring after filing for Chapter 11 bankruptcy earlier this month.
Trends
A&D Transactions From The Week Of Aug. 14, 2019
Here’s a snapshot of energy deals from the past week including the closing of Occidental’s $55 billion takeover of Anadarko Petroleum and Qatar’s $550 million buy-in of Permian midstream.
Lease Sales
On The Market Quicklist (Week Of Aug. 14, 2019)
Here’s a quicklist of oil and gas assets on the market including EOG Resources Marcellus Shale assets and a Permian Basin minerals position from AE&J Royalties.
Lease Sales
Marketed: AE&J Royalties Core Delaware Basin Minerals Position
AE&J Royalties retained Detring for the sale of a mineral interest position located in the core of the Delaware Basin in southern New Mexico with bids due Sept. 11.
Trends
A&D Transactions From The Week Of Aug. 7, 2019
Here’s a snapshot of energy deals from the past week including Occidental’s $1.5 billion Permian Basin JV and a $700 million dropdown deal from Diamondback Energy.
Lease Sales
On The Market Quicklist (Week Of Aug. 7, 2019)
Here’s a quicklist of oil and gas assets on the market including multiple packages from Samson Resources plus an opportunity in the third-largest oil field in the U.S.
Earnings , Exploration & Production
Devon Energy Raises Oil Output Forecast
The company recorded a 5% rise in prices for oil sold at $56.68 per barrel in the quarter due to better hedging and at a time when U.S. light crude prices averaged about 11.8% lower than a year earlier.
Exploration & Production , Shale Plays , Acquisitions & Divestitures , Trends
US E&P A&D Deal List (First-Half 2019)
The Occidental-Anadarko takeover plus the completion of Encana and Chesapeake’s multibillion-dollar mergers top our list of upstream deal-making from the first half of 2019.
Shale Plays , Construction , Pipelines
Salt Creek Midstream Affiliate Launches Delaware Basin Open Season
A subsidiary of Salt Creek Midstream launched a binding open season for its proposed Delaware Basin crude oil gathering and transportation system in the Permian.