Basin

Foothills Acquires Stakes in Two EOG-Operated Uinta Wells

Foothills Exploration Inc. has acquired a 21% working interest in a pair of horizontal wells in Utah’s Uinta Basin from an undisclosed party. Financial terms of the deal were not disclosed.

October 18, 2017
Mexico’s Burgos Basin Has Eagle Ford-Like Potential, Says EIA

Mexico’s Burgos Basin Has Eagle Ford-Like Potential, Says EIA

The natural gas-heavy Burgos Basin in northern Mexico accounted for 15% of the country’s total gas production in 2016, and foreign investment in the play could put it on par with the Eagle Ford Shale in South Texas, according to the U.S. Energy Information Administration (EIA).

August 23, 2017

Appalachian Consolidation Makes Sense for Efficiency-Focused E&Ps, Law Firm Says

Consolidation will continue to make sense for producers in the Appalachian Basin as those companies that made it through the recent downturn focus on efficiency, according to a recent report from Pittsburgh-based law firm Babst Calland.

June 27, 2017

Noble Completes Appalachian Exit; Quantum Energy Partners Is Midstream/Upstream Buyer

Noble Energy Inc. on Thursday capped its exit from the Appalachian Basin, announcing a deal to sell its remaining midstream interests there to private equity firm Quantum Energy Partners for $765 million.

May 18, 2017

Whiting Sees Lower Costs, Raises Production Guidance

Whiting Petroleum Corp. said the addition of new pipeline infrastructure in the Williston Basin in the first quarter helped drop oil differentials below the low end of its guidance, while its operations team helped lower its lease operating expenses (LOE) during the downturn in oil prices.

April 28, 2017
Clayton Williams Now A Unit of Noble Energy; Delaware Basin Drilling to Increase

Clayton Williams Now A Unit of Noble Energy; Delaware Basin Drilling to Increase

Clayton Williams Energy Inc. officially became a subsidiary of Noble Energy Inc. on Monday under the name NBL Permian LLC.

April 25, 2017
Permian Basin Leads Rig Gains Again

Permian Basin Leads Rig Gains Again

Texas and Oklahoma led the states in active drilling rig gains during the week ending Friday, according to Baker Hughes Inc. Texas raised its tally by eight, and Oklahoma added seven.

March 24, 2017
DRBC Drilling Ban to Remain in Effect Indefinitely

DRBC Drilling Ban to Remain in Effect Indefinitely

The Delaware River Basin Commission (DRBC) has no plans to lift its moratorium on natural gas drilling anytime soon in the 13,539-square mile watershed that it oversees, reassuring opponents of development at a packed meeting on Wednesday that deliberations are continuing.

March 16, 2017
Mexico’s Tampico-Misantla Holds Potential as Global Onshore ‘Super Basin,’ Says IHS Markit

Mexico’s Tampico-Misantla Holds Potential as Global Onshore ‘Super Basin,’ Says IHS Markit

The Tampico-Misantla Basin, which extends across east-central Mexico into the shallow waters of the Gulf of Mexico, may be one of 24 global onshore “super basins,” much like the Permian Basin with its myriad reservoirs and multiple source rocks, according to IHS Markit.

March 7, 2017

Oasis Plans to Grow Production With Bigger Completions

Larger completion jobs are the order of the day for Williston Basin pure-play operator Oasis Petroleum Inc., which plans to continue testing different completion techniques and use more sand in a bid to grow production over the next two years.

February 24, 2017
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