Companies - Exclusives
Allen Gilmer discusses DrillingInfo's bevy of recent deals.
While companies expressed concerns about water management and takeaway capacity at Hart Energy's recent Midstream Texas conference and exhibition, Permian activity has kept morale up.
Energy XXI said it will terminate its previously announced partnership with Orinoco Natural Resources as a result of the Cox Oil transaction.
Also this week, Phillips 66 to expand Texas NGL project. Meanwhile, Exxon Mobil and Plains pursue Permian pipeline JV and Pioneer sells Colorado assets.
The possibly record-setting Delaware Basin wells follow the 11,000-plus-boe/d wells Devon reported in early May. And, they’re child wells.
Pioneer Natural Resources continues to sell assets as it moves toward becoming a Midland Basin pure-play.
Scot Woodall, CEO of HighPoint Resources, says the company has already seen significant accomplishments since the merger of its predecessors Bill Barrett and Fifth Creek Energy several months ago.
A group claims the refusal by oil companies to disclose their U.S. tax payments undermines global transparency push.
In conjunction with the sale, Devon’s board has increased the size of the company’s share-repurchase authorization to $4 billion.
The company is seeing the benefits of optimized landing points and completion density.
Companies are focusing on takeaway capacity concerns but buzz surrounding the Permian Basin remains optimistic.
Proceeds from Matador’s recent equity issuance were earmarked to fund acreage acquisitions and midstream improvements in the Delaware.