With its exploration attention trained in Texas, SM Energy Co. late Tuesday said it would sell nearly all of its Powder River Basin (PRB) properties for $500 million.
Midland
Articles from Midland
Permian Pure-Players Diamondback, RSP, Callon to Add Rigs into Early 2018
Three pure-play operators in the Permian Basin — Diamondback Energy Inc., RSP Permian Inc. and Callon Petroleum Co. — reported increased production and unveiled plans to deploy additional rigs in the play, by year’s end or during the first quarter of 2018.
November 9, 2017
GIP Agrees to $1.8B Deal to Buy Permian Medallion System
An affiliate of infrastructure investor Global Infrastructure Partners (GIP) agreed Monday to pay $1.825 billion-plus to buy Medallion Gathering & Processing LLC (MGP), which owns the largest privately held crude oil transportation system in the Permian Basin’s Midland sub-basin.
October 2, 2017
Permian Pure-Play E&Ps Report Increased Production, Lower Operating Costs
Four pure-play exploration operators in the Permian Basin reported increasing production in the second quarter, especially for oil, while successfully batting down lease operating expenses (LOE).
August 8, 2017
ExxonMobil, Chevron Now Running Nearly 30 Rigs Combined in Permian, With More Coming On
ExxonMobil Corp. and Chevron Corp. proved during the second quarter that it’s possible to turn a profit even at stagnant commodity prices. In the U.S. onshore, there’s no better place today to work than in the Permian Basin, where their rig counts are rising along with production.
July 31, 2017
Permian Growth Sparks More Open Seasons, Expansions in West Texas
Midstream companies are working hard to keep up with the red-hot Permian Basin. A pair of open seasons for crude oil pipelines servicing the Permian’s Midland sub-basin were announced this week, which together could add a combined 410,000 b/d of capacity out of the play.
May 17, 2017
With Onshore Growth Plan Ramping Up, SM Energy Raises 2017 Production Guidance
SM Energy Co. said its three-year growth plan was ramping up quickly, with new wells performing stronger than expected, while completing an $800 million sale of noncore assets in the Eagle Ford Shale helped to reduce net debt by more than 20%.
May 4, 2017
NuStar Adding Permian Crude Infrastructure in Nearly $1.5B Deal
San Antonio-based NuStar Energy LP has agreed to acquire Permian Basin crude oil gatherer and transporter Navigator Energy Services LLC for $1.475 billion. Already active in the Eagle Ford Shale, NuStar now would have a long-sought presence in the Permian, management said Wednesday.
April 12, 2017
Available Permian Packages Looking Scarce, Says Parsley CEO
The frenzied land grab in the Permian Basin may be cooling down because there don’t appear to be too many substantial leaseholds left to purchase, Parsley Energy Inc. CEO Bryan Sheffield said Friday.
February 24, 2017
Parsley’s Permian Land Grab Continues, with Pricey $2.8B Deal for Another 71,000 Midland Acres
West Texas aficionado Parsley Energy Inc. struck for a second time in the Permian Basin in as many months, agreeing Tuesday to pay $2.8 billion for another 71,000 net acres, giving it command of 277,000 net acres total, mostly in the Midland sub-basin.
February 8, 2017
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