Permian Basin

West Texas pure-play RSP Permian Inc. is adding the Permian Basin’s Delaware formation to its stockpile in an estimated $2.4 billion cash and stock deal to acquire privately held Silver Hill Energy Partners LLC and its exploration unit.

Apache Corp. is partnering with chemists at the University of Texas at Arlington (UTA) to track groundwater and surface water quality as it begins to bear down on development within its ballyhooed Alpine High discovery in the Permian Basin of West Texas.

Private equity NGP Energy Capital, with investments across the energy spectrum, has agreed to provide Luxe Energy LLC with another $525 million to acquire and develop unconventional oil and gas property across the United States.

Houston-based Silver Run Acquisition Corp., which launched earlier this year under the helm of former EOG Resources Inc. chief Mark Papa, has taken an 89% controlling interest in Permian Basin operator and private equity-backed Centennial Resource Production LLC.

Diamondback Energy Inc. has boosted its 2016 production for the second time since July and now expects 2017 output to be up by double-digits, the Permian Basin pure-play said Monday.

Two private equity-backed exploration companies are merging their Permian Basin-focused operations to double down in one of the hottest plays in West Texas.

Resolute Energy Corp. is boosting its holdings in the Permian Basin’s Delaware formation after agreeing to pay $135 million for close to 3,300 net acres in Reeves County, TX.

Calgary-based Encana Corp., which made its name by successfully exploiting onshore natural gas resources, is taking a sharp turn toward capturing liquids and oil, as it targets a 300% jump in cash flow and a 60% gain in production by the end of 2021. Its No. 1 target, the Permian Basin, could see production quadrupling over the period.

Marathon Oil Corp., which is directing an increasing share of its capital spend to Oklahoma’s stacked reservoirs, agreed Monday to sell non-operated energy assets in the Permian Basin for $235 million.