Midland Basin

Exploration & Production , Super DUG

Surge Holds Dry Powder for Northern Midland Growth

Surge is holding out liquidity for growth in the Midland Basin, said Linhua Guan, CEO of Surge Energy America, at Hart Energy's SUPER DUG Conference. 

June 13, 2024

Shale Plays , Field Development

Vital Energy’s 57 Miles of Completed Lateral: A Midland Mega-unit

Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.

June 6, 2024

Shale Plays , Exploration & Production , Field Development , Crude Oil , Drilling

Found in Mitchell County, Permian Basin: 2.5-mile Wolfcamp Stepouts

Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”

June 6, 2024

Acquisitions & Divestitures , Joint Ventures

Diamondback, Five Point JV Buys More Midland Water Infrastructure

Deep Blue, the joint venture between Diamondback Energy and Five Point Energy, has acquired pipeline and hundreds of thousands of barrels of water disposal capacity from Lagoon Operating Midland.

June 3, 2024

Solar , Emissions , Energy Transition

Adding Green: HighPeak, Priority Power Advance WildHorse Solar

Developed and owned by Priority Power, the facility is expected to lower costs and minimize HighPeak’s greenhouse gas emissions.

May 30, 2024

Gathering & Processing , Pipelines , Acquisitions & Divestitures

Energy Transfer to Buy Permian Midstream Player WTG for $3.25B

Energy Transfer has agreed to purchase WTG Midstream Holdings’ assets, including Midland Basin core infrastructure, from Diamondback Energy, Stonepeak and the Davis Estate in a cash and stock deal.

May 28, 2024

Acquisitions & Divestitures , Shale Plays , Crude Oil

CEO: FireBird II Prowls Western Midland Basin for M&A, Deep Exploration

After selling the first FireBird Energy to Diamondback for $1.6 billion, the FireBird II team is adding leases and scaling oil production in the western Midland Basin, CEO Travis Thompson said at Hart Energy’s SUPER DUG Conference & Expo.

May 23, 2024

Acquisitions & Divestitures , Shale Plays , Crude Oil , Super DUG , Hart Energy Exclusive

CEO: FireBird Energy Constantly Scouring the Midland Basin for Deals

Travis Thompson, CEO of FireBird Energy II, said the company has made about 13 acquisitions since its inception in April 2023 and currently has two rigs running.

May 22, 2024

Lease Sales , Exploration & Production

Marketed: Mineral, Royalty Interests in Permian, Powder River Basins

A private seller has retained Detring Energy Advisors for the sale of its mineral and royalty interests in the Permian and Powder River basins.

May 21, 2024

Acquisitions & Divestitures , Shale Plays , Crude Oil

WildFire Energy I Buys Apache’s Eagle Ford, Austin Chalk Assets

Private producer WildFire Energy I, backed by Warburg Pincus and Kayne Anderson, scooped up Apache’s portfolio in the eastern Eagle Ford and Austin Chalk plays.

May 21, 2024