Houston-based Blue Whale Energy North America, formed by a Chinese holding company to acquire U.S. oil and natural gas projects, on Monday said it had completed its $1 billion-plus purchase of more than 78,000 net acres in the Permian Basin of Texas from two private equity-backed producers. Blue Whale to date this year has paid $1.4 billion to accumulate a Permian portfolio across 85,000 net acres.
Basin
Articles from Basin
Resolute Sells More Midland Basin, Puts Off Reverse Split
Denver-based Resolute Energy Corp. agreed sell its Gardendale assets in the Midland Basin of West Texas to an undisclosed buyer for $177.5 million. Proceeds will reduce debt and fund development in the Delaware Basin and in the Aneth Field of southeast Utah, the company said.
November 24, 2015
Genesis Offering Capacity on Powder River Basin Crude Pipeline Extension
Genesis Energy LP is holding an open season through Dec. 1 for a crude oil pipeline extension that would serve the Powder River Basin in Wyoming with service as early as the first quarter of next year.
November 12, 2015
Noble Energy Preparing to Launch DJ Basin Midstream MLP
Noble Midstream Partners LP, a subsidiary of Noble Energy Inc. (NBL), has filed with the U.S. Securities and Exchange Commission for an initial public offering of shares in its new limited partnership with interests in certain of NBL’s Denver-Julesburg (DJ) Basin crude oil, natural gas and water-related midstream services.
October 23, 2015
Encana Whittles DJ Basin From Portfolio For $900M
Encana Corp.’s U.S. subsidiary on Thursday said it would sell its entire 51,000 net-acre portfolio in Colorado’s Denver-Julesburg (DJ) Basin for $900 million to improve its balance sheet.
October 8, 2015
Growing Production Lifts DJ Basin, Weld County Profile in Colorado
With the emergence of the Denver-Julesburg (DJ) Basin as a leading producer, Colorado’s Weld County is being touted as the DJ’s core. The county is on pace to become the state’s major natural gas producer this year, according to Colorado Oil and Gas Conservation Commission (COGCC) data.
September 22, 2015
Noble Increases Production Guidance With Improving Wells Across Footprint
Noble Energy Inc. on Tuesday increased its third quarter guidance by 10,000 boe/d at the midpoint, primarily to reflect increasingly efficient production from its wells in the Denver-Julesburg (DJ) Basin.
September 8, 2015
Growing Delaware Basin Prompts Residue Gas Pipeline Plans
Western Gas Partners LP’s Delaware Basin Express LLC is holding a nonbinding open season through Sept. 30 for a new pipeline that would serve portions of Reeves, Loving and Ward counties in Texas with capacity from the Delaware Basin to the Waha Hub.
September 1, 2015
Carrizo Makes Delaware Basin Deal, Is Eyed as Takeout Target
Carrizo Oil & Gas Inc. (CRZO) on Tuesday announced a Delaware Basin farm-out agreement and updated spending plans one day after the company was tipped by an analyst as potentially the next small cap takeout target following Monday’s Noble Energy Inc.-Rosetta Resources Inc. deal.
May 12, 2015
Carrizo Makes Delaware Basin Deal, Is Eyed as Takeout Target
Carrizo Oil & Gas Inc. (CRZO) on Tuesday announced a Delaware Basin farm-out agreement and updated spending plans one day after the company was tipped by an analyst as potentially the next small cap takeout target following Monday's Noble Energy Inc.-Rosetta Resources Inc. deal.
May 12, 2015
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