Papa, the former EOG chairman and CEO, said the assets offer the best percentage growth potential of any small-cap Permian Basin company.
Contango’s acquisition includes about 157 gross potential locations across the Wolfcamp A and B and Bone Spring formations, which the company plans to start drilling by October.
Harold Hamm, who endorsed Trump in April and spoke at the Republic National Convention on July 20, shrugged at the notion.
The industry is caught between the need to cutback due to commodity prices and putting company incentives in place to increase production.
In this week's video sponsored by NavPort, Devon Energy’s agreed to sell its Access Pipeline interests for more than $1 billion. Meanwhile, the GoM and Haynesville could be ripe for deals.
Pre-downturn sanctioned projects are expected to grow offshore production next year, but the cancellation of pre-FID projects could create a ‘supply crunch’ later, report says.
The coup attempt in Turkey has created uncertainty about crude flows through the Bosporus and the Dardanelles. How might that affect the Brent price outlook?
Devon is conducting a series of well-spacing pilot tests in preparation for its 2017 game plan to drill the Meramec.
The company has inked two deals in 2016 and says it has more opportunities it is exploring as it expands during the downturn.
Investors are concerned that producers will be unable to keep savings they say are tied to efficiency improvements as service companies begin to assert themselves after two years of discounts.
The Jefferies managing director says he doesn’t see much room for deals in the Stack or Bakken due to the plays’ fixed size.
The Marcellus and Utica shale plays have vast amounts of natural gas available, so how can midstream companies create the necessary takeaway capacity?