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Private Permian Operators Talk Up Strategy

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By Chris Sheehan, Hart Energy
May 29, 2014

A rare glimpse into the strategies of several private oil operators in the Permian Basin portrays a measured move towards greater horizontal drilling, with requisite funding increases coming from such varied sources as farm-out agreements, private-equity funds, the high yield debt market and good old cash flow, attendees at Hart Energy’s DUG Permian conference in Fort Worth learned last week.

Endeavor Energy Resources, which was founded in 1979 by Autrey C. Stephens and family, ranks in the top 20 oil producers in Texas with production (65% oil) running at 42,000 ...

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