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Noble’s purchase of Clayton Williams will address inventory concerns with the addition of 2,400 locations in the Delaware core.
The acquisition is expected to add 3.4 Bboe, bringing ExxonMobil’s Permian resource base to 6 Bboe, the company said.
Sanchez and private-equity company Blackstone Energy will pay in equally for 155,000 net acres in the Eagle Ford while Anadarko looks to spend in the D-J and Permian basins.
The company increased its available liquidity to about $200 million through the sale of 10,000 acres, about roughly 6% of its production.
The bolt-on will increase WPX’s Permian operations to more than 120,000 net acres and deepen its drilling inventory in the Delaware Basin. (Updated 2:37 p.m. CT Jan. 13)
The company’s Divide County, N.D., assets could command more than $600 million, analysts said.
The company’s net production will increase by 4,000 boe/d to 17,600 boe/d, a 30% increase.
The Austin, Texas-based company added acreage adjacent to its existing Permian operating areas through multiple, unrelated transactions worth about $650 million. (Updated: 2:10 p.m. CT Jan. 11)
The company’s conservative approach puts about 80% of its $46 million capex into newly acquired Delaware leasehold. Well tests expected in February will further shape the budget.
The arrangement gives Comstock the ability to continue expanding its footprint in the Haynesville while minimizing its upfront cash outlays, an analyst said.
Despite a depressed commodity market, transaction values increased 70% in 2016—but can they hold on if the Permian runs out of stock?
The acreage has already drawn renewed interest and the company’s strong results from its first Delaware test well are ‘extremely compelling,’ an analyst says.