Exploration & Production - Exclusives
Preliminary sale statistics show 29 companies placed 171 bids on 144 blocks in the U.S. GoM.
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.
Carrizo now has 46,000 net acres in the Delaware Basin including 26,300 net acres in its Phantom area.
Pipeline constraints are pushing the number of drilled but uncompleted wells higher in the Permian Basin.
The change in investor sentiment has in turn altered how private-equity sponsors and portfolio companies exit.
As the next U.S. Gulf of Mexico lease sale nears, analysts believe there could be a slight increase in bidding activity.
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.
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.
In China, tariff rhetoric kept heating up, this time over LNG with the country threatening a 25% tariff on U.S. imports.
Some of the capital will go toward appraisal work for emerging plays across the Permian Basin and technologies, Oxy executives said.
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.
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.