Clayton Williams Energy Inc. has agreed to sell “substantially all” of its assets in the Giddings Area in East Central Texas for $400 million to an undisclosed buyer as it continues a “transformation” embarked upon earlier this year. The deal will make the company a Permian Basin pure-play.
delaware
Articles from delaware
Riding Permian, Diamondback Raising Rigs, Production Guidance, with 2017 Output Even Stronger
Diamondback Energy Inc. has boosted its 2016 production for the second time since July and now expects 2017 output to be up by double-digits, the Permian Basin pure-play said Monday.
October 10, 2016
Resolute Pads Delaware Position in Permian with $135M Purchase
Resolute Energy Corp. is boosting its holdings in the Permian Basin’s Delaware formation after agreeing to pay $135 million for close to 3,300 net acres in Reeves County, TX.
October 5, 2016
Shell’s Midstream Contracts Signal Natural Gas Build-Out in Permian’s Delaware
An affiliate of Royal Dutch Shell plc has snagged long-term agreements with two midstream operators to build and operate natural gas gathering systems in West Texas across part of the supermajor’s Permian Basin Delaware acreage.
September 28, 2016
Anadarko’s $2B Freeport-McMoRan Deal to Boost Spending in DJ, Delaware
The free cash flow generated by Anadarko Petroleum Corp.’s $2 billion-plus purchase of the Freeport McMoRan Inc. (FCX) Gulf of Mexico (GOM) portfolio will be a catalyst to increase spending and the rig count in the Permian and Denver-Julesburg (DJ) basins, CEO Al Walker said Tuesday.
September 13, 2016
Apache Gushes on ‘Immense’ Discovery in Permian’s Southern Delaware
News from the Permian Basin continues to improve for explorers, with Apache Corp. on Wednesday announcing it has unearthed a huge play in a less traveled area of West Texas that may hold 8.1 billion boe of resources, with at least 75 Tcf of rich natural gas and 3 billion bbl of oil in the Barnett and Woodford formations alone.
September 7, 2016
EOG Doubles Up in Permian’s Delaware, Powder River With Takeover of Yates
EOG Resources Inc. agreed Tuesday to pay an estimated $2.5 billion-plus in cash and stock for Yates Petroleum Corp. and affiliates, doubling the Houston-based independent’s position in the Permian Basin’s Delaware play and Powder River Basin.
September 6, 2016
Oil/Gas Industry Focusing on North America’s Hottest Shale Play: the Permian
The “great land grab,” a hallmark of the early onshore unconventional renaissance, is making a big-time comeback in the Permian Basin, even with commodity prices still low.
August 29, 2016
Blackstone Makes $1.5B Bet on Two Permian-Based Explorers Targeting Midland, Delaware
Private equity giant Blackstone is going after the highly sought-after land in the Permian Basin, with $1.5 billion in initial commitments to back two experienced West Texas/New Mexico players.
August 26, 2016
PDC Enters Permian in $1.5B Dual Deal, Adding Third Core Area
Denver-based PDC Energy Inc. is joining the parade entering the Permian Basin, announcing Tuesday it would pay $1.5 billion to acquire two privately held operators that together would give it about 57,000 net acres in the Delaware sub-basin of West Texas.
August 24, 2016
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
