The Permian E&P with operations focused on the Midland Basin also replaced other members of its leadership teams that Approach Resources said will reduce nearly one-fifth of its corporate overhead.
An undisclosed company agreed to buy Callon’s position in the Ranger operating area, comprised of 9,850 net acres in the southern Midland Basin of the Permian.
Companies operating in the Permian Basin are working to get a better handle on water-related issues as production increases.
Kimmeridge wants PDC Energy to link executive pay to stock performance, as well as consider strategic moves to bolster its positions in the Denver-Julesburg and Permian basins.
Pioneer Natural Resources founder Scott Sheffield returns to his former role as the Permian Basin oil and gas producer’s CEO following the retirement of Tim Dove, effective immediately.
Bone Spring Resources retained EnergyNet for the sale of a Delaware Basin opportunity in Lea County, N.M., through a sealed-bid offering.
Optimized chemistries help leverage produced water to fracturing fluid.
The USGS says it has identified the Permian Basin’s Wolfcamp Shale and overlying Bone Spring Formation in the Delaware as its ‘largest continuous oil and gas resource ever assessed.’