Midland Basin

Lease Sales

On the Market Oil and Gas Quicklist (Week of April 7, 2021)

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.

April 7, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers

Pioneer Natural Resources Falls after Surprise Multibillion-dollar Shale Deal

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.”

April 5, 2021

Business , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Trends , Mergers

Pioneer’s Latest Acquisition to Help Alleviate Concerns of Another Shale Drilling Binge

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.

April 5, 2021

Business , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers

Pioneer Natural Resources to Buy DoublePoint in $6.4 Billion ‘Bolt-on Acquisition’

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.

April 1, 2021

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Earthstone Energy Tacks on Another Multimillion-Dollar Permian Basin Deal

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.

April 1, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of March 31, 2021)

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.

March 31, 2021

Completions , Logistics , Pressure Pumping

Halliburton Delivers Real-Time Automated Control of Fracture Placement in Permian Basin

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.

March 30, 2021

Lease Sales

Marketed: Grey Rock Nonoperated Midland Basin Divestiture

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.

March 29, 2021

Lease Sales

Marketed: Permian Basin, Wolfcamp D Opportunity, Glasscock County, 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.

March 26, 2021

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (March 26, 2021)

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.

March 26, 2021