The U.S. rig count continued its recent ascent during the week ended Friday, adding 10 units on the strength of oil-focused gains in Oklahoma and New Mexico, according to data from Baker Hughes Inc.
Energy Hunter Resources Inc. has cut a deal to nearly double the size of its position in the Permian Basin’s San Andres oil play by agreeing to acquire 8,817 gross acres in Cochran County, TX, from Lubbock Energy Partners LLC. Read More
With its focus now squarely turned to Texas, SM Energy Co. said initial first quarter results from the Permian Basin have exceeded guidance, with new completions coming on “stronger than expected.”
Targa Resources Corp. said this week that it has entered long-term fee-based agreements with an undisclosed producer that will find it spending $500 million to expand natural gas gathering and processing services in the Permian Basin’s Delaware sub-basin. Read More
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