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.
Articles from Basin
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).
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.
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.
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.
Clayton Williams Energy Inc. officially became a subsidiary of Noble Energy Inc. on Monday under the name NBL Permian LLC.
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.
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.
The frenzied land grab in the Permian Basin may be cooling down because there don’t appear to be too many substantial leaseholds left to purchase, Parsley Energy Inc. CEO Bryan Sheffield said Friday.