Exploration & Production - Exclusives

US GoM Lease Sale Nets More Than $178 Million In High Bids

Preliminary sale statistics show 29 companies placed 171 bids on 144 blocks in the U.S. GoM.

August 15, 2018

Diamondback To Acquire Energen In $9.2 Billion All-Stock Deal

The transaction comes days after Diamondback Energy said it would add to its Northern Midland position with the roughly $1.25 billion cash-and-stock purchase of Ajax Resources.

August 14, 2018

Carrizo Acquires Devon Acreage In Delaware Basin For $215 million

Carrizo now has 46,000 net acres in the Delaware Basin including 26,300 net acres in its Phantom area.

August 14, 2018

DUC, Abnormal DUC Counts Rise In Permian

Pipeline constraints are pushing the number of drilled but uncompleted wells higher in the Permian Basin.

August 14, 2018

E&P Deal Flow Dilemma

The change in investor sentiment has in turn altered how private-equity sponsors and portfolio companies exit.

August 14, 2018

Will More Oil Companies Jump Into GoM Action?

As the next U.S. Gulf of Mexico lease sale nears, analysts believe there could be a slight increase in bidding activity.

August 13, 2018

Shell Hails Bounceback Toward Deepwater Drilling

Royal Dutch Shell is doubling down on drilling for oil far beneath the oceans, as the energy group eyes a cash bonanza from traditional deepwater projects despite a growing focus on new U.S. shale investments.

August 13, 2018

WVU Shale Lab Digs Into Marcellus-Utica Permeability Testing

During a recent tour of West Virginia University’s PPAL lab revealed research into determining permeability, pore volume, reservoir conditions, adsorption and pore structure characterization.

August 10, 2018

HEADLINES: Permian Deals Dominate Week

In China, tariff rhetoric kept heating up, this time over LNG with the country threatening a 25% tariff on U.S. imports.

August 9, 2018

Occidental Petroleum Adds $1.1 Billion To 2018 Capital Budget

Some of the capital will go toward appraisal work for emerging plays across the Permian Basin and technologies, Oxy executives said.

August 9, 2018

Diamondback To Acquire Ajax Resources For $1.2 Billion

Diamondback Energy will add top-tier horizontal drilling locations across three zones in the Northern Midland Basin to its portfolio as part of the Ajax acquisition.

August 8, 2018

Pioneer Gears Up For More High-intensity Permian Completions

Pioneer intends to add 60 more Version 3.0+ completions in the Permian during second-half 2018 along with four more rigs as it further tailors completions by well, zone and area.

August 8, 2018