Amplify Updates $142MM Juniper Deal, Divests in East Texas Haynesville
Amplify Energy Corp. is moving forward on a deal to buy Juniper Capital portfolio companies North Peak Oil & Gas Holdings LLC and Century Oil and Gas Holdings LLC in the Denver-Julesburg and Powder River basins for $275.7 million, including debt.
The Wall: Uinta, Green River Gas Fills West Coast Supply Gaps
Gas demand is rising in the western U.S., and Uinta and Green River producers have ample supply and takeaway capacity.
Early Innings: Uinta’s Oily Stacked Pay Exploration Only Just Starting
Operators are testing horizontal wells in less developed Uinta Basin zones, including the Douglas Creek, Castle Peak, Wasatch and deeper benches.
PEDEVCO Enters Joint Development Agreement with D-J Basin E&P
PEDEVCO Corp.’s agreement with a private equity operator will develop drilling spacing units in the Denver-Julesburg Basin’s Weld County, Colorado.
IOG Resources II Buys Non-Op Utica Shale Interests
IOG Resources II is expanding in Appalachia with an acquisition of Utica working interests in eastern Ohio.
Civitas Makes $300MM Midland Bolt-On, Plans to Sell D-J Assets
Civitas Resources is adding Midland Basin production and drilling locations for $300 million. To offset the purchase price, Civitas set a $300 million divestiture target “likely to come” from Colorado’s D-J Basin, executives said.
SM’s First 18 Uinta Wells Outproducing Industry-Wide Midland, South Texas Results
Shallow tests came on with 685 boe/d, 95% oil, while deeper new wells averaged 1,366 boe/d, 92% oil, from two-mile laterals, SM Energy reported.
Occidental to Up Drilling in Permian Secondary Benches in ‘25
Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the Barnett Shale in the Midland Basin.
DUCs Fly the Coop: Big Drawdowns from the Midland to Haynesville
The Midland Basin depleted its inventory of excess DUCs the most last year, falling from two months of runway to one during the past year, according to a report by Enverus Intelligence Research.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.