Companies - Exclusives
Earthstone Energy agreed to acquire EnCap-backed Sabalo, which is expected to more than double the company’s Midland Basin footprint.
As a result of the $75 million sale of its Utah asset, Ultra’s portfolio now consists only of its Pinedale Field position in Southwest Wyoming.
Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.
Perceptions have changed for the better for the emerging oil and gas play as activity increases and others move into the neighborhood.
Diversified Gas & Oil, known as DGO, said it acquired Core Appalachia Holding, a conventional producer and processor of natural gas in the southern Appalachian Basin.
Antero Midstream is set to combine with its general partner and emerge as a C-corp entity under a new moniker.
Analysts estimate Earthstone tacked on a net increase of 2,677 acres to its position in the Midland Basin for less than $6,000 per acre.
The Denver-based independent Sundance typifies the new Eagle Ford narrative where technically astute private equity-backed younger management teams are revitalizing the play.
The industry has come full circle since the initial discovery of the Eagle Ford Shale in South Texas, a panel of dry gas producers told DUG Eagle Ford attendees.
Whether the cost reductions are sustainable remains to be seen, but collaboration and risk-sharing could be crucial, according to a study.
Mineral companies continue to proliferate despite a crowded marketplace, but the Permian Basin’s rise in drilled but uncompleted wells are choking revenue.
Long-time Bakken Shale pure-player Oasis Petroleum Inc. earlier this year expanded its portfolio into the competitive Delaware Basin through a large, equity-funded acquisition. Is the deal an expansion of its program, or the prelude to an eventual portfolio makeover? Or both?