delaware

Anadarko Petroleum Corp.’s ability to synchronize its upstream spending with midstream solutions, thereby avoiding bottlenecks and gaining the best prices, proved a winning method in the Denver-Julesburg (DJ) Basin, and it’s now being duplicated in the Permian Basin.

Targa Resources Partners LP is acquiring oil/natural gas gathering and processing assets in the Midland and Delaware sub-basins of the Permian Basin for an initial cash payment of $565 million.

ExxonMobil Corp. on Tuesday struck a deal valued at close to $6.6 billion to more than double its Permian Basin resource and add about 275,000 acres total, mostly in New Mexico, signaling that it will give no ground in the hottest play in the U.S. onshore.

In a mega-deal that more than doubles its reach in West Texas, Noble Energy Inc. on Monday agreed to pay $2.7 billion for Clayton Williams Energy Inc., giving the Houston independent one of the largest positions in the Permian Basin’s Delaware formation.

Parsley Energy Inc. agreed late Tuesday to pay $607 million to bolt on 23,000 net leasehold acres in West Texas, within the Permian’s Midland and southern Delaware sub-basins.

A federal court has denied a motion filed by three Pennsylvania senators to intervene in a lawsuit challenging the Delaware River Basin Commission’s (DRBC) ban on horizontal hydraulic fracturing in the 13,539-square mile watershed.

The Permian Basin, which led all of North America for activity and acquisitions during 2016, is seeing its streak continue into the new year, as two producers buy West Texas leaseholds and a privately held midstream operator launches plans to expand natural gas takeaway in New Mexico.

Onshore independent Resolute Energy Corp. expects to more than double its 2017 production year/year, lifted by solid results in the Permian Basin’s Delaware formation.

Permian Basin pure-play Diamondback Energy Inc. late Wednesday agreed to acquire Brigham Resources affiliates in a deal valued at $2.43 billion, handing the Midland, TX-based independent another 76,319 net acres in West Texas and boosting its total leasehold to 182,000 net acres.