Endeavor Energy Resources retained EnergyNet for the sale of a Permian Basin package comprising operations in 20 wells in Schleicher County, Texas.
An operator increases produced water recycling and reduces produced water injection via water midstream infrastructure in Midland County.
Despite this week’s decline, the total rig count was up 237, or 94%, over this time last year, according to Baker Hughes data going back to 1940.
A new Walker Ridge discovery in the U.S. Gulf by Chevron plus two more Wolfcamp Shale producers from CrownQuest’s Avogadro prospect in the Permian Basin top this week’s oil and gas drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including the acquisition of a “unique opportunity” in the Permian Basin by Lime Rock Resources in a $508.3 million deal plus Whiting Petroleum’s exit from the D-J Basin.
Here’s a quicklist of oil and gas assets on the market including a Rockcliff Energy package of long-lived conventional production in East Texas plus the sale of an undivided 50% in BHCH Mineral’s legacy mineral and royalty portfolio.
As Sam Sledge takes the helm as CEO at Midland, Texas-based ProPetro, he replaces Phillip Gobe, who had headed the company since the exit of its co-founder last year.
BHCH Mineral Ltd. retained TenOaks Energy Advisors for the sale of an undivided 50% of its legacy mineral and royalty portfolio located across numerous basins in the continental U.S. broken up into four sub-packages.
DUG Permian panelists acknowledge the challenges posed by ESG and climate concerns in the post-COVID finance environment, but expect cheap debt and higher valuations to push midstream deals forward.