delaware

After Dealmaking, Crestwood Looking to ‘Big Year’ in Permian, Williston

After Dealmaking, Crestwood Looking to ‘Big Year’ in Permian, Williston

After a series of acquisitions, Crestwood Equity Partners LP is now in “harvest mode,” with a focus on generating strong growth in the core areas of the Williston, Permian Delaware and Powder River basins, management said. Crestwood earlier this month closed on the acquisition of Permian-focused Sendero Midstream Partners LP, boosting its natural gas processing…

July 29, 2022
PDC Energy to Acquire DJ-Focused Great Western for $1.3B

PDC Energy to Acquire DJ-Focused Great Western for $1.3B

PDC Energy Inc. said Monday it agreed to buy Denver-Julesburg (DJ) Basin operator Great Western Petroleum LLC in a $1.3 billion cash-and-stock deal that would “materially” boost its holdings in Colorado’s Wattenberg field. The Denver-based PDC said the deal, which includes $500 million in net debt, would be financed by issuing about four million shares…

February 28, 2022
Earthstone Builds West Texas Portfolio in $860M Deal for Permian Private Bighorn

Earthstone Builds West Texas Portfolio in $860M Deal for Permian Private Bighorn

Permian Basin pure-play Earthstone Energy Inc. is on an acquisition tear,  announcing Monday it is scooping up West Texas-focused private Bighorn Permian Resources LLC for around $860 million. Earthstone, headquartered in The Woodlands north of Houston, agreed to pay $770 million cash and trade 6.8 million shares valued at $90 million for the Permian Midland…

January 31, 2022
Crestwood Expanding in Williston, Permian with $1.8B Oasis Midstream Takeover

Crestwood Expanding in Williston, Permian with $1.8B Oasis Midstream Takeover

Crestwood Equity Partners LP said Tuesday it has agreed to pay $1.8 billion in equity and cash, including debt, for Oasis Midstream Partners LP, expanding its foothold in two of the Lower 48’s prized oil basins.  The deal expands Crestwood’s midstream footprint in the Williston Basin and the Permian Basin’s Delaware sub-basin. The firms said…

October 26, 2021
Permian Delaware Producers, Midstreamers Said Struggling to Control Methane Emissions

Permian Delaware Producers, Midstreamers Said Struggling to Control Methane Emissions

Aerial methane measurements taken during August in the Permian Basin indicate the oil and gas industry continues to have issues in controlling flaring and venting, the Environmental Defense Fund (EDF) said Thursday. The EDF’s ongoing Permian Methane Analysis Project, aka PermianMAP, is collecting methane emissions from the air, via towers and on the ground across…

September 24, 2021
WaterBridge Adding Produced Water Heft in Permian Delaware with Colgate Acquisition

WaterBridge Adding Produced Water Heft in Permian Delaware with Colgate Acquisition

WaterBridge Holdings LLC is continuing to build on its extensive portfolio of produced water infrastructure in the Permian Basin. Backed by private equity firm Five Point Energy, the midstream company recently completed a transaction to acquire Colgate Energy LLC assets in the Delaware sub-basin that it snagged in June from Occidental Petroleum Corp. (Oxy). Financial…

September 15, 2021
LM Energy Gauging Support to Expand Permian Delaware Crude Gathering System

LM Energy Gauging Support to Expand Permian Delaware Crude Gathering System

Dallas-based midstreamer LM Energy Holdings LLC through its subsidiary LM Touchdown Crude III LLC is testing support to obtain commitments to expand its crude oil gathering system in the Permian Basin of New Mexico. The binding open season to expand the system in the Delaware sub-basin was launched on Monday and concludes May 12. “Despite…

April 13, 2021
Matador Sees Strong Results in Permian Delaware with More Wells Nearing Completion

Matador Sees Strong Results in Permian Delaware with More Wells Nearing Completion

Permian Basin-focused Matador Resources Co. has seen some of the highest initial potential (IP) rates from one of four wells recently completed and turned to sales in the Stateline asset area in Eddy County, NM. The Dallas-based operator said Tuesday the test results from the Boros No. 215H well showed 24-hour IP production of 4,584…

September 22, 2020
Williston Pure-Play Northern Oil Expanding into Permian, Citing Favorable Economics Amid Downturn

Williston Pure-Play Northern Oil Expanding into Permian, Citing Favorable Economics Amid Downturn

Northern Oil and Gas Inc., which up to now has kept its focus on the Williston Basin, said it has acquired a working interest in Permian Basin acreage operated by EOG Resources Inc. On the deal, Northern revised higher its third quarter production guidance to 25,000-30,000 boe/d. Minnetonka, MN-based Northern said it expects production from…

September 15, 2020
NGL Energy Expands Permian Water Acreage Dedication in New Mexico

NGL Energy Expands Permian Water Acreage Dedication in New Mexico

Tulsa-based NGL Energy Partners LP has signed a long-term extension and expansion of an acreage dedication with an existing customer in the Permian Basin.  The agreement with an undisclosed customer is for an operating area in New Mexico’s Lea and Eddy counties within the Delaware sub-basin, NGL said. The acreage dedication through 2027 was increased…

September 1, 2020
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