Exploration & Production - Exclusives
Drillinginfo Co-Founder and Executive Chair Allen Gilmer sat down with Hart Energy recently to give his outlook for U.S. oil and gas producers.
Citizen Energy CEO Greg Augsburger loves the Anadarko Basin but is unconvinced by the ‘in vogue’ pure-play trend, preferring to chase rocks that give the best results.
Fieldwood Energy will purchase Noble’s GoM assets in a deal valued at $710 million, including $480 million in cash and $230 million in assumed liabilities.
At the recent NAPE Global Business Conference, panelists from Hess and Akin Gump gave insight on what plays into developing resources in the Lower 48 or international deepwater.
The company said it plans to spend $3.9 billion overall in 2018 and increase production by between 8% and 12% with a 40% annual growth in Permian resources in 2018.
Linn Energy has sold more than $1.8 billion in assets as it prepares to divide into three companies, including one in the Oklahoma Stack.
WildHorse Resource Development sold about 90,000 net acres in North Louisiana for $217 million, with net proceeds to prop up drilling in the Eagle Ford Shale where the company also bought acreage.
For an exhibition that prides itself on being “where deals happen,” transactions were consummated and optimism crackled among a crowd of more than 12,000.
The company plans to add rigs in the Bakken this year as it continues studying completion techniques.
The U.K.-based research firm said 70% of the fields it studied, which had limited appraisal, were not performing according to the operator’s development plan.
CEO Doug Lawler painted Chesapeake in Shakespearean terms as a once-dominant company that, after faltering under debt, is regaining its edge through efficiency and A&D, including a $500 million Midcontinent sale.
Halcón said that in the past year it has built a position of about 67,000 net acres at an average price of $17,800 per acre—about 45% less than what competitors have paid for leasehold.