High-volume Gulf of Mexico discovery by Shell, XTO Energy Midland Basin-Wolfcamp completion plus results from four extended-lateral Permian wells in New Mexico’s Eddy County top this week’s drilling activity highlights from around the world.
The Midland Basin, located within the eastern region of the Permian Basin, has seen a steady amount of new E&P activity since 2011.
Howard County, Texas, completion produces from Spraberry and Wolfcamp, a high-volume Permian Basin discovery by Oxy and four Marcellus wells completed at Pennsylvania’s Susquehanna County top this week’s drilling activity highlights from around the world.
Earthstone Energy completed its cash-and-stock acquisition of Independence Resources Management, a Midland Basin operator backed by Warburg Pincus, previously announced on Dec. 18.
Here’s a snapshot of recent energy deals including the closing of Cenovus Energy’s nearly $5 billion acquisition of Husky plus a $215 million deal in the Powder River Basin.
Multiple discoveries by Occidental in New Mexico’s Eddy County, EOG Eagle Ford, Permian Basin and Niobrara completions plus Exxon Mobil boosts the resource potential for its development offshore Guyana top drilling activity highlights from around the world in 2020.
Here’s a snapshot of recent energy deals including a duo of acquisitions by Diamondback Energy valued at over $3 billion plus the closing of Hilcorp’s $5.6 billion BP Alaska acquisition and a Permian Basin deal by Earthstone Energy.
EP Energy said it had entered a purchase and sale agreement with an undisclosed buyer to divest its assets located in the southern Midland Basin.
Middle Bakken, Three Forks wells completed at a single pad plus Spraberry/Dean, Wolfcamp producers in Midland Basin by Occidental Petroleum and more testing completed in Australia’s Otway Basin top this week’s drilling activity highlights from around the world.
Earthstone Energy’s acquisition of Independence Resources Management is expected to roughly double both the company’s production and adjusted EBITDAX with minimal impact to leverage, says Earthstone CEO Robert J. Anderson.