Permian Basin

Solaris Midstream Holdings LLC has merged the operations of Water Midstream Partners LLC (WMP) into Solaris Water Midstream LLC, expanding its footprint in the Midland Basin.

Callon Petroleum Co., already on a tear to expand its Permian Basin inventory, has agreed to pay $615 million to gain entry into the Southern Delaware formation, a 30% boost in acreage to complement the Midland oil and natural gas operations.

Pioneer Natural Resources Co. and officials in Midland, TX agreed Tuesday to a groundbreaking private-public partnership that would provide citizens with a steady source of freshwater and give the producer a ready supply of reclaimed water for its extensive oil and gas operations in the Permian Basin.

The Permian Basin will be Chevron Corp.’s No. 1 U.S. target in 2017, as the supermajor moves more of its worldwide capital spending to high-return, short-cycle projects.

With a spacing test in southeastern New Mexico further delineating the stacked-play potential of its acreage, Devon Energy Corp. said it could ramp up to 10 rigs in the Permian Basin’s Delaware sub-basin by year-end 2017.

PDC Energy Inc. said Monday that it would direct most of its focus next year to Colorado’s Wattenberg field and the Permian Basin, laying out a plan for the assets it acquired in West Texas earlier this year that gives it a path to more growth.

Midland, TX-based Ring Energy Inc. announced new results Thursday from its three-well San Andres horizontal drilling program in the Permian Basin’s Central Basin Platform (CBP).

Looking to expand its portfolio of Permian sub-basin targets, Dallas-based RSP Permian Inc. said this week that it has completed the first part of itspreviously announced acquisitions of Silver Hill Energy Partners, LLC (“SHEP I”) and Silver Hill E&P II, LLC (“SHEP II).

Federal officials on Tuesday agreed to reconsider the status of the lesser prairie chicken, whose habitat sprawls through the oil and gas fields of West Texas, New Mexico, Kansas and the Rockies, after a petition requested it be relisted for protection.