Cold Bore Technology Inc., a leader in fracking completion optimization technology that secured its second round of funding by Rice Investment Group back in 2018, said Jan. 22 that one of the largest oil producers in North Dakota’s Bakken Formation has integrated the company’s proprietary SmartPAD technology.
Here’s a snapshot of energy deals from the past week including the closing of the $1.7 billion all-stock merger of PDC Energy and SRC Energy plus a Midland Basin mineral acquisition.
Crude line connects the company’s Midland Terminal to long-haul pipes originating at Crane, Texas.
Here’s a quicklist of oil and gas assets on the market including “SOHOT” asset packages from Marathon Oil in Oklahoma plus a Merit Energy Powder River Basin waterflood asset.
Energy Advisors Group is assisting a mineral and royalty holding company seeking acquisitions of any size in the major U.S. basins especially in plays such as the Permian Basin, Haynesville and Utica/Marcellus.
U.S. oil production from seven major shale formations is expected to rise about 22,000 barrels per day next month, which would be the smallest monthly increase since shale output declined in February 2019.
Energy Advisors Group's Canadian office is assisting Canada Energy Partners in the sale of its water disposal well and associated assets in Northeast British Columbia.
The new plant will support growth in the Delaware Basin.
Concho Resources and Enverus teamed up to launch a new product on Jan. 21 that could save shale producers possibly hundreds of millions of dollars.