Midland

Navitas Midstream Partners LLC has acquired natural gas gathering and processing assets in three Texas counties in the Midland Basin from a subsidiary of DCP Midstream LLC for an undisclosed sum.

Apache Corp., under pressure to sell or spin off its international portfolio to focus on the U.S. onshore, on Monday said it has reorganized its global operations, with the North American businesses, including Canada, now part of two "super" Permian and Houston regional units.

Apache Corp., under pressure to sell or spin off its international portfolio to focus on the U.S. onshore, on Monday said it has reorganized its global operations, with the North American businesses, including Canada, now part of two “super” Permian and Houston regional units.

EP Energy Corp. is tightening up its portfolio with a Texas-Louisiana two-stepper: buying in the Midland Basin and selling in the Ark-La-Tex Cotton Valley and South Louisiana Wilcox areas, the company said Thursday.

Dallas independent Pioneer Natural Resources Co. said its fourth well in the Permian Basin formation has tested at a 24-hour initial production (IP) rate of 3,605 boe/d, the highest for any interval in the Spraberry/Wolfcamp to date.

BHP Billiton Inc. is selling a portion of its Permian assets in the Delaware and Midland basins in two separate packages representing 250,000 acres combined, as it high-grades its West Texas holdings.

Construction is expected to begin “shortly” on the 550-acre Permian Rail Park in Texas about six miles west of Big Spring and 30 miles east of Midland, developers said.

According to the Railroad Commission of Texas (RRC), the state’s preliminary April crude oil production averaged 1.6 million b/d, up from nearly 1.2 million b/d in April 2012. The preliminary production figure for April is 48.2 million bbl, up from 35.9 million bbl in April 2012.

Midland, TX-based Clayton Williams Energy Inc. (CWEI) has struck a deal with a financial investor to monetize 95% of its Wolfberry oil and gas reserves, leasehold interests and facilities in Andrews County, TX, for $214 million. Proceeds will be used to reduce debt.