Headlines: Third Time’s The Charm For Three Rivers

In this week’s video: as more than 2,300 industry professionals gathered in Fort Worth for the annual DUG Permian Basin conference, Three Rivers Operating III, one of the last large Delaware Basin operators, made news when CEO Mike Wichterich said the company's 57,000 net acres are up for sale. Meanwhile, Occidental Petroleum was revealed as a stalking horse bidder for bankrupt Vanguard Natural Resources’ Sprayberry/Wolfcamp horizontal trend assets in Glasscock County, Texas. In the Delaware Basin, Matador Resources made deals worth $111 million, targeting a new Delaware position in Lea County, N.M., called Antelope Ridge.

Sources:

• Third Time's The Charm: Three Rivers Selling Again In Permian
• Bankrupt Vanguard Assailed As It Tries To Deal Midland Acreage
• Matador Adds New Delaware Basin Neighborhood Through $111 Million A&D
• OGIS: Pioneer's Tim Dove Sees No Midstream Stress In Permian Until 2019