Permian
Lease Sales
Marketed: Endeavor Energy Resources Permian Basin Package
Endeavor Energy Resources retained EnergyNet for the sale of a Permian Basin package comprising operations in 20 wells in Schleicher County, Texas.
Unconventional , Top IP Wells
Updated: Top 12 IP Wells in the Permian Basin
June 2021: Brinninstool West Field-Wolfcamp Well: 5,453 bbl of Oil, 9.779 MMcf of Gas per Day
Water Management , System Integrity
Recycling Produced Water in Completed Development Areas
An operator increases produced water recycling and reduces produced water injection via water midstream infrastructure in Midland County.
Rig Counts
US Oil, Gas Rig Count Falls for First Week in Eight
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.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (July 30, 2021)
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.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of July 28, 2021
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.
Lease Sales
On the Market Oil and Gas Quicklist (Week of July 28, 2021)
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.
Public Capital , People , Shale Plays , Pressure Pumping
ProPetro Promotes Sam Sledge to CEO in Leadership Transition
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.
Lease Sales
Marketed: BHCH Mineral Legacy Mineral, Royalty Portfolio
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.
Public Capital , Private Equity , Investment , DUG Permian , DUG Eagle Ford , Midstream Texas , Mergers , Midstream , Gathering & Processing
Experts: Midstream M&A Primed to Take Off
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.