- Tight Gas & Oil
- Gas Hydrates
Noble’s purchase of Clayton Williams will address inventory concerns with the addition of 2,400 locations in the Delaware core.
The acquisition is expected to add 3.4 Bboe, bringing ExxonMobil’s Permian resource base to 6 Bboe, the company said.
Since 2014, more than 200,000 jobs have been lost in the industry. Many of those experienced employees have called it quits for good.
Sanchez and private-equity company Blackstone Energy will pay in equally for 155,000 net acres in the Eagle Ford while Anadarko looks to spend in the D-J and Permian basins.
The company increased its available liquidity to about $200 million through the sale of 10,000 acres, about roughly 6% of its production.
The bolt-on will increase WPX’s Permian operations to more than 120,000 net acres and deepen its drilling inventory in the Delaware Basin. (Updated 2:37 p.m. CT Jan. 13)
The company’s Divide County, N.D., assets could command more than $600 million, analysts said.
The company’s net production will increase by 4,000 boe/d to 17,600 boe/d, a 30% increase.
Technology has great potential to reduce HSE risks.
The captured CO2 is expected to grow oil production at a West Texas field by 5x its current amount over the next few years.
The Austin, Texas-based company added acreage adjacent to its existing Permian operating areas through multiple, unrelated transactions worth about $650 million. (Updated: 2:10 p.m. CT Jan. 11)
The company’s conservative approach puts about 80% of its $46 million capex into newly acquired Delaware leasehold. Well tests expected in February will further shape the budget.