In this week’s video: CEOs of Range Resources, Jagged Peak Energy and Sanchez Energy talked A&D tribulations at The Oil & Gas Conference by EnerCom in Denver.
Range CEO Jeff Ventura faced tough questions about a lackluster second quarter. Joe Jaggers said Jagged Edge wants to buy in the Permian. Tony Sanchez said his company isn’t confined to the Eagle Ford.
Meanwhile, Whiting Petroleum and oilfield services provider Nabors Industries were in the middle of big deals. Whiting agreed to sell core assets in North Dakota. Nabors agreed to acquire Houston-based Tesco Corp.
Finally, the U.S. Gulf of Mexico lease sale brought in about $121 million dollars in high bids, primarily in the Lower Tertiary trend. Total E&P USA and ExxonMobil led the buying charge.