Delaware sub-basin

Northern Oil to Grow Permian Delaware Reach with Alpha Energy Deal

Northern Oil to Grow Permian Delaware Reach with Alpha Energy Deal

Northern Oil and Gas Inc. (NOG) has agreed to acquire stakes in Permian Basin properties spanning about 2,800 acres in New Mexico and Texas from Alpha Energy Partners for $157.5 million. NOG reported that Mewbourne Oil Co. is the primary operator of the assets, which span about 2,800 acres in the Permian’s Delaware sub-basin in…

October 5, 2022
Texas Pacific, WaterBridge Teaming Up Deep in Heart of Permian Delaware

Texas Pacific, WaterBridge Teaming Up Deep in Heart of Permian Delaware

Texas Pacific Land Corp. (TPL) and WaterBridge NDB LLC have formed an alliance that they say emphasizes sustainable oil and natural gas development across 64,000-plus acres in Reeves and Loving counties in West Texas, spanning the heart of the Permian Basin’s Delaware sub-basin. “This alliance covers a region of the Delaware Basin that offers some…

September 12, 2022
Newly Formed Permian Resources Now the Largest Permian Delaware Pure-Play, CEOs Say

Newly Formed Permian Resources Now the Largest Permian Delaware Pure-Play, CEOs Say

Centennial Resource Development Inc. and Colgate Energy Partners III LLC have completed a roughly $7 billion merger to create publicly traded exploration and production (E&P) firm Permian Resources Corp. Executives said the Midland, TX-based independent is now the largest pure-play E&P in the Permian’s Delaware sub-basin, citing a “deep inventory of high-quality drilling locations” on…

September 1, 2022
Natural Gas-Rich Alpine High Development Restarts, as APA ‘Tucks In’ Permian Delaware Buy

Natural Gas-Rich Alpine High Development Restarts, as APA ‘Tucks In’ Permian Delaware Buy

Houston super independent APA Corp., whose U.S. operations are focused in the Permian Basin, is taking a cue from higher natural gas and liquids prices to restart development in its almighty Alpine High portfolio. The executive team, led by CEO John J. Christmann IV, shared second quarter results in a recent conference call. The team…

August 11, 2022
Centennial Bolsters Permian Natural Gas, Oil Production Ahead of $7B Merger with Colgate

Centennial Bolsters Permian Natural Gas, Oil Production Ahead of $7B Merger with Colgate

Centennial Resource Development Inc. executives said the firm ramped up oil production and capitalized on high commodity prices in the second quarter, putting it in an enviable position as it nears the close of a $7 billion merger of equals. The Denver-based company, focused mostly in the Permian Basin, agreed in May to a tie-up…

August 11, 2022
EOG CEO Calls Firm ‘Better Than Ever,’ Boosted by Permian, Dorado Output

EOG CEO Calls Firm ‘Better Than Ever,’ Boosted by Permian, Dorado Output

EOG Resources Inc.’s recent performance and long-term prospects for natural gas growth are inspiring more exposure to high commodity prices and an ongoing emphasis on low costs and high returns, management said.  CEO Ezra Yacob told investors during a second quarter conference call the firm’s performance during the first half of the year “proves that…

August 10, 2022
Earthstone’s Permian Conquest Marches On with $627M Titus Acquisition

Earthstone’s Permian Conquest Marches On with $627M Titus Acquisition

Earthstone Energy Inc. is continuing its Permian Basin acquisition spree with plans to purchase the assets of privately held Titus Oil & Gas Production LLC in the New Mexico portion of the Permian Basin in a $627 million cash-and-stock deal. Located in the northern portion of the Delaware sub-basin, the assets produced 31,800 boe/d (65%…

July 1, 2022
Matador Building Permian Midstream Portfolio to Ensure Natural Gas Takeaway

Matador Building Permian Midstream Portfolio to Ensure Natural Gas Takeaway

Matador Resources Co. has agreed to purchase Summit Midstream Partners LP’s Lane natural gas gathering and processing (G&P) system in New Mexico’s Eddy and Lea counties for $75 million. In connection with the deal, Matador “will assume certain takeaway capacity on the Double E pipeline, a FERC-regulated natural gas pipeline operated by Summit,” the Dallas-based…

June 13, 2022
Enterprise’s Teague Calls for Unleashing U.S. Oil, Gas Production to Lead World from Russia

Enterprise’s Teague Calls for Unleashing U.S. Oil, Gas Production to Lead World from Russia

Houston’s Enterprise Products Partners LP has a bundle of projects in the queue to expand Lower 48 natural gas, liquids and refined projects to serve domestic and overseas demand, the executive team said Monday. Seven projects are being constructed to expand processing, capacity and takeaway from Louisiana, New Mexico, Texas and beyond. Permian Basin natural…

May 2, 2022
Matador’s Lower 48 Natural Gas, Oil Output Set to Climb 14%

Matador’s Lower 48 Natural Gas, Oil Output Set to Climb 14%

Matador Resources Co., whose upstream operations span the Eagle Ford and Haynesville shales, as well as the Permian Basin, reported record production in the first quarter with plans to top that by the end of June. “The first quarter of 2022 was another outstanding quarter both operationally and financially for Matador, highlighted by the successful…

May 2, 2022
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