Halcon Resources Corp. agreed to sell its remaining nonoperated assets in the Williston Basin to an undisclosed buyer for $104 million, completing the company’s nine-month transformation into a Permian Basin pure-play operator.
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Permian Operator Jagged Peak Blames Hurricane Harvey for Stalled Production
Jagged Peak Energy Inc., which focuses its efforts in the Permian Basin in West Texas, revised down its third quarter guidance, blaming in part Hurricane Harvey-related curtailments.
Resolute Sells Aneth Field in Utah to Focus on Permian
Resolute Energy Corp., which has turned its operational focus to the Permian Basin, has agreed to take up to $195 million for a package of Paradox Basin prospects in the Aneth field of southeastern Utah.
Chevron Sells Slice of Permian in West Texas to Sabinal, Kayne Unit
Chevron U.S.A. Inc. has sold 66,500 net acres in West Texas to Sabinal Energy LLC and Kayne Private Energy Income Fund LP.
Permian’s San Andres Draws More NatGas, Crude Oil Infrastructure Expansions
As interest in the San Andres formation in the Permian Basin is growing, so too is infrastructure, with Stakeholder Midstream LLC announcing Tuesday it plans to build a natural gas gathering system that would run from West Texas into southeastern New Mexico. It also plans to expand a crude gathering system in the play.
Santa Fe Midstream Readying Permian NGL System for Mid-2018
Private equity-backed Santa Fe Midstream LLC said Friday it has jumped into the natural gas processing game in the Permian Basin, with a system underway that should be operational by mid-2018.
ConocoPhillips Quietly Testing Permian, But M&A ‘Not a Priority’
An executive with ConocoPhillips said the company is taking its time to test and understand the geology of the Permian Basin, following the same approach it used to develop its position in the Eagle Ford Shale, but that merger and acquisition (M&A) activity is “not a priority.”
Double Eagle, Apollo Launching Permian E&P
Private equity (PE) giant Apollo Global Management LLC is teaming up again with Double Eagle Development LLC to create a Permian Basin-focused explorer.
BHP Actively Marketing Permian, Haynesville, Eagle Ford, Fayetteville
BHP Billiton Ltd., whipsawed by sharp impairments and activist investors that want the company to train its development solely on conventional oil and mining, is actively marketing its U.S. onshore portfolio, an 800,000-plus leasehold that runs through the Permian Basin, Haynesville, Eagle Ford and Fayetteville shales.
Texas Energy Jobs Rising, Along with Permian DUCs, Haynesville NatGas Rigs
Oil and natural gas employment in the Lone Star State grew by roughly 4,300 jobs in June to 223,300, the seventh consecutive monthly increase, as activity was driven by statewide drilling gains, the Federal Reserve Bank of Dallas said.