Lilis Energy plans to use the roughly $24.9 million of cash proceeds from the Permian Basin acreage sale to fund a substantial portion of its borrowing base deficiency.
The Rio Bravo Pipeline is poised to support transportation of natural gas production from the Permian Basin and Eagle Ford Shale to NextDecade’s Rio Grande LNG project in Brownsville, Texas
Merit SI LLC and KOMIPO America Inc. inked a joint development agreement on Feb. 12 to complete the development and construction of the 150 MW Concho Valley Solar project located in Tom Green County, Texas.
Marathon Oil's quarterly results mirrored weaker earnings across the sector, as prices of global crude fell in the quarter on oversupply and demand concerns.
Here’s a quicklist of oil and gas assets on the market including Vitruvian’s position in the Eagle Ford Shale plus a package of operated properties in Colorado’s Raton Basin.
Platform Energy retained EnergyNet for the sale of non-producing Permian Basin leasehold in New Mexico's Eddy and Lea counties through sealed-bid offerings closing Feb. 26.
Periscope 23 LLC retained EnergyNet for the sale a Delaware Basin asset package in Pecos County, Texas, through a sealed-bid offering closing Feb. 26
Slash Exploration retained EnergyNet for the sale of non-producing Permian Basin leasehold located in New Mexico's Eddy County through a sealed-bid offering closing Feb. 19.
New study shows nearly one-fourth of oil and gas executives are planning to finance new projects outside of the Permian Basin in 2020.
Lilis Energy’s bank lending group agreed to extend payments to cure its borrowing base deficiency—marking the second payment extension for the struggling Permian Basin operator so far this year.