The closing settlement was $158 million.
Big production increases are also expected in other major plays, including Eagle Ford, Bakken, Appalachia and Haynesville, the agency said.
Brigham Minerals partially redeployed the proceeds from a divestiture in the Anadarko Basin during the second quarter into debt reduction and its acquisition ground game in the Permian Basin.
Earthstone Energy's previously announced acquisition of Titus Oil & Gas' Delaware Basin assets will expand the company's acreage by 7,900 net acres.
Chesapeake ready to wrap return to its roots as a key U.S. natural gas-weighted E&P through a series of key acquisitions in late 2021 and early 2022, CEO Nick Dell'Osso shared in a second-quarter conference call.
Proceeds from the Production Lending loan will be used by the private, Midland, Texas-based oil and gas company to drill and complete six horizontal wells in the northern Midland Basin.
Devon Energy’s acquisition of Eagle Ford operator Validus Energy is the firm’s second acquisition since June.
Occidental President and CEO Vicki Hollub said, among record earnings results, Oxy would extend its Permian JV with Ecopetrol in the Midland and Delaware basins to encompass 20,000 net acres.
“Oilfield service capacity remains extremely tight and is further constrained by the limited availability of materials and experienced labor,” EOG Resources COO Billy Helms told investors.
Even though the total rig count in the U.S. has climbed for a record 24 months through July, weekly increases have mostly been in the single digits and oil production is only forecast to recover to pre-pandemic record levels next year.