Here’s a quicklist of oil and gas assets on the market including Starboard, Max Permian Northern Delaware Basin leasehold plus an Antrim Shale ORRI well package and a state lease sale in New Mexico’s Lea County.
DoublePoint Energy will add 97,000 acres to Pioneer’s holdings in the Permian Basin and analysts at Cowen & Co. praised the deal, saying it “undoubtedly fits like a glove within PXD’s Midland Basin acreage.”
The acquisition of privately held oil and gas companies by mature operators, like Pioneer Natural Resources’ recent multibillion-dollar agreement to acquire DoublePoint Energy, should help alleviate concerns that U.S. shale could again oversupply the market and crash prices, says analyst.
Pioneer Natural Resources said the acquisition of DoublePoint Energy will increase Pioneer’s acreage position to greater than 1 million net acres in the Permian Basin with no exposure to federal lands.
Earthstone Energy said it had entered into agreements with Tracker Resource Development III, backed by 1901 Partners Management and EnCap Investments, and affiliates of Sequel Energy Group to acquire privately held operated assets located in the Midland Basin.
Here’s a quicklist of oil and gas assets on the market including EOG Resources Permian Basin packages in New Mexico’s Eddy County plus Tapstone Energy Granite Wash upstream, midstream assets and Titanium Exploration nonop Eagle Ford Shale properties.
Halliburton Co. has successfully delivered to a major operator real-time control of fracture placement while pumping on a multi-well pad using the SmartFleet intelligent fracturing system in the Permian Basin, the company said on March 30.
Grey Rock Bobcat LLC has retained RedOaks Energy Advisors as its exclusive advisor in connection with the sale of certain nonoperated working interest properties in the Midland Basin in Martin and Midland counties, Texas.
Pony Oil Operating LLC retained EnergyNet for the sale of a Permian Basin / Wolfcamp D opportunity operated by Apache Corp. in Glasscock County, Texas, through a sealed-bid offering closing April 8.
Two new Barnett producers in Tarrant County, Texas, separate Midland Basin discoveries by Hibernia Resources and Endeavor Energy plus a new estimate of Abu Dhabi unconventional resources top this week’s oil and gas drilling activity highlights from around the world.