Exploration & Production - Exclusives
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.
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 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 arrangement gives Comstock the ability to continue expanding its footprint in the Haynesville while minimizing its upfront cash outlays, an analyst said.
Trump may be willing to abide by some of the Paris climate accords, particularly those that jeopardize U.S. trade with a carbon tax.
Advanced seismic data helped the company discover additional pay.
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.
Rex Energy has divested or announced the sale of about $71 million in assets during the past 12 months.
With the bolt-on, PDC Energy’s net acreage, drilling inventory and estimated reserve potential in the basin are expected to increase by about 10%, CEO Bart Brookman says.
Chapter IV Investors wants to see EQT merge with Range Resources or Antero Resources and envisions one day seeing all three companies combined.