Rockcliff Energy III Executive Chairman Alan Smith and CEO Sheldon Burleson have their Quantum Capital-backed company’s Texas-sized ambition focused on the western Haynesville and the Eagle Ford.
Western Midstream is investing up to 450ドル million to expand its produced water infrastructure, including the Pathfinder pipeline to transport produced water to disposal facilities in the Delaware Basin.
With 57 wells already in one "row" development, Coterra Energy has 16 more underway, plus rigs at work on two more mega-DSU developments totaling 90 wells.
Matador Resources focuses most of its efforts on the Permian’s Delaware Basin today. But the company still has vast untapped natural gas resources in Louisiana’s prolific Cotton Valley play, where it could look to drill as commodity prices increase.
Shallow tests came on with 685 boe/d, 95% oil, while deeper new wells averaged 1,366 boe/d, 92% oil, from two-mile laterals, SM Energy reported.
Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the Barnett Shale in the Midland Basin.
Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a 40ドル million bolt-on acquisition.
Activist investor Elliott Capital Management disclosed Feb. 11 it has built a 2ドル.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
Avant Natural Resources buys small, sells big and is loving every minute of it.
One man was killed and two others were injured at an oilfield in Texas on Jan. 29 where ProPetro Services was conducting fracking operations at a well site owned by Permian Resources Corp.
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