Permian
Public Capital , Shale Plays , Acquisitions & Divestitures
Debt-laden Lilis Energy To Sell Permian Basin Acreage Chunk
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.
Public Capital , Liquefied Natural Gas (LNG) , Acquisitions & Divestitures , Pipelines
Enbridge To Acquire Rio Bravo Pipeline In $25 Million Cash Deal
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
Emissions , Renewables
Merit SI, KOMIPO America Team On Solar Project Planned For Permian Basin
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.
Earnings , Exploration & Production , Shale Plays
Marathon Oil Profit Misses Estimates As Prices Tumble
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.
Lease Sales
On The Market Oil And Gas Quicklist (Week Of Feb. 12, 2020)
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.
Lease Sales
Marketed: Permian Basin Leasehold, New Mexico’s Eddy And Lea Counties
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.
Lease Sales
Marketed: Delaware Basin Package, Pecos County, Texas
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
Lease Sales
Marketed: Non-Producing Permian Leasehold, New Mexico's Lea County
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.
Investment , Exploration & Production , Shale Plays
2020 Outlook: Is The Permian Basin Losing Its Appeal?
New study shows nearly one-fourth of oil and gas executives are planning to finance new projects outside of the Permian Basin in 2020.
Public Capital
Permian Operator Lilis Energy Receives Second Debt Payment Extension
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.