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.

February 14, 2020

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

February 14, 2020

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.

February 13, 2020

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.

February 13, 2020

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.

February 12, 2020

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.

February 11, 2020

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

February 10, 2020

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.

February 10, 2020

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.

February 10, 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.

February 10, 2020