Headlines: OPEC Production Cuts; Delaware Double Feature

In this week's video sponsored by Opportune: OPEC announced that member and non-member nations will combine to cut 1.8 million barrels per day of oil from world production. But how sticky is the agreement? For now, it’s wait, watch oil prices climb and see. Meanwhile, Centennial Resource Development’s Delaware Basin position will increase close to two-fold in a buy of 35,000 net acres from Silverback Exploration. And, Endurance Resources recently disclosed it sold the majority of its assets in transactions with two entities to effectively exit the Delaware.

Sources:

• OPEC, Allies Aim To Cut 1% Of Global Production
• Centennial Resource Stitches On Another 35,000 Delaware Acres
• Endurance Exits Delaware, Selling The Bulk Of Its 30,000 Acres