The JV partnership is the second Devon Energy has formed with Dow in recent years as E&Ps are increasingly left with fewer capital options.
Twin Eagle executive Danny Rea joins Ironwood II as chief commercial officer.
Similar to another acquisition made by Laredo Petroleum in the Permian Basin earlier this quarter, the bolt-on in Glasscock County, Texas, continues to shift the company’s production mix toward oil.
WTD Resources and Oleum Operating LA have retained Energy Advisors Group to market certain southwest Louisiana operated producing properties in Acadia, Cameron, St. Landry and Vermilion parishes.
Jones Energy, which entered bankruptcy with $1 billion in debt in April, agreed to an all-cash deal for its Anadarko Basin assets.
Jones Energy II said late on Dec. 6 that it has entered into a definitive merger agreement to be acquired by Revolution Resources, an affiliate of Mountain Capital Partners, in an all-cash transaction.
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position and 12,000 boe/d of production that is expected to more than double through 2020.
Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell Plc, among other firms in Mexico’s Association of Hydrocarbon Companies (Amexhi), say they have met output targets and investment pledges worth hundreds of millions of dollars in the initial phases of their contracts.