Undeveloped

Lots of Conventional Reserves Still to be Tapped, Says Wood Mackenzie

Nearly 1.4 trillion boe of reserves exist in conventional, undeveloped oil and natural gas fields around the world, including almost 1.1 trillion boe of technical reserves, those without firm development plans in place, according to Wood Mackenzie.

September 13, 2013

Midstates Making $620M Anadarko Basin Acquisition

Midstates Petroleum Co. Inc. is buying producing properties, as well as developed and undeveloped acreage, in the Anadarko Basin in Texas and Oklahoma for $620 million in cash from Panther Energy LLC and its partners Red Willow Mid-Continent LLC and Linn Energy Holdings LLC.

April 5, 2013
Matador an Eagle Ford Oil Bull

Matador an Eagle Ford Oil Bull

Matador Resources Co., which is focused on the liquids-rich portion of the Eagle Ford Shale, grew its oil production almost eight-fold last year to just over 1.2 million bbl from 154,000 bbl in 2011 and 33,000 bbl in 2010. The company will stay focused on the Eagle Ford and growing its Permian Basin position as gas prices aren’t high enough to support more Haynesville Shale activity, CEO Joe Foran said Thursday.

March 15, 2013
Devon Energy Selling Utica Shale Assets in Eastern Ohio

Devon Energy Selling Utica Shale Assets in Eastern Ohio

Devon Energy Corp. is selling its assets in the Utica Shale in eastern Ohio, part of a strategy to raise new venture capital so it can focus on opportunities in the Permian Basin, Mississippian Lime and the Niobrara formation.

February 4, 2013
Devon Energy Selling Some TMS Acreage

Devon Energy Selling Some TMS Acreage

Devon Energy Corp. is selling Tuscaloosa Marine Shale (TMS) assets in Louisiana and Mississippi, offering about 297,000 net acres (nearly 95% undeveloped) within the unconventional oil play, and production of about 600 b/d, according to the offering by Scotia Waterous (USA) Inc.

January 31, 2013
Continental Buying in the Bakken, Selling Noncore Conventional Assets

Continental Buying in the Bakken, Selling Noncore Conventional Assets

Continental Resources Inc. has signed separate agreements to buy producing and undeveloped properties in the Bakken Shale for $650 million, and to sell land and assets in its east region for $125 million.

November 12, 2012

Halcon Bulks Up in North Dakota

Halcon Resources Corp. on Monday said it is acquiring a shelf of oil-weighted producing and undeveloped properties in the Williston Basin in a cash-and-equity transaction with Petro-Hunt LLC worth $1.45 billion.

October 23, 2012

Midstates Petroleum Grabs $650M Slice of Mississippian Lime

Midstates Petroleum Co. agreed to pay Eagle Energy Production LLC $650 million in cash and stock for all of Eagle’s producing properties, and both developed and undeveloped acreage, primarily in the Mississippian Lime oil play in Oklahoma and Kansas, the Houston-based producer said Monday.

August 14, 2012

Private Equity Takes El Paso E&P in $7.15B Deal

A consortium of private equity investors is readying a $7.15 billion leveraged buyout of El Paso Corp.’s exploration and production (E&P) business, which includes an array of liquids-rich U.S. unconventional property that extends across Texas, Louisiana, the Raton Basin and the Rocky Mountains.

February 28, 2012

Anadarko Ramping Up in GOM

During the fourth quarter, Anadarko Petroleum Corp. made its first post-drilling/permitting moratorium in the deepwater Gulf of Mexico (GOM) at the Cheyenne East prospect. CEO Jim Hackett said it heralds the company’s and the industry’s return to the GOM.

February 8, 2012
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