- Tight Gas & Oil
- Gas Hydrates
Contango’s acquisition includes about 157 gross potential locations across the Wolfcamp A and B and Bone Spring formations, which the company plans to start drilling by October.
Investors are concerned that producers will be unable to keep savings they say are tied to efficiency improvements as service companies begin to assert themselves after two years of discounts.
Devon is conducting a series of well-spacing pilot tests in preparation for its 2017 game plan to drill the Meramec.
The company has inked two deals in 2016 and says it has more opportunities it is exploring as it expands during the downturn.
Even though well completions in the Anadarko Basin fell during the first half of the year, Midcon operators have still remained active in the Stack, Scoop and Cleveland Sand plays.
Pricing remains steady and bid inquiries are up for Midcon workover services. Demand was actually on the cusp of increasing in the second quarter until weather interrupted field work.
The Marcellus and Utica shale plays have vast amounts of natural gas available, so how can midstream companies create the necessary takeaway capacity?
E&Ps have nearly doubled spending reductions, from 22% in January for U.S. spending to 43% at midyear.
Laredo’s acquisition focuses on its acreage position in western Glasscock County, Texas, where development includes drilling 10,000-foot or longer laterals.
Of the 13 MMbbl/d of new supply that could come from tight oil and conventional projects by 2025, 9 MMbbl/d is commercial at $60 oil, according to an energy consulting firm.
Sanchez Energy’s recent midstream divestiture provides the Houston company additional firepower to expand its territory in the Eagle Ford.
Diamondback will pay for its core-of-the-core Delaware transaction with an equity offering and cash on hand.