Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.
Phoenix Capital Group’s acquisition of 1,500 net royalty acres in Duchesne County, Utah, brings the company's investment in the Uinta Basin to more than $60 million, the company said.
More than 90% of the Utah Ute tribe’s income is from energy development on its 4.5-million-acre reservation and the tribe says XCL Resources’ bid to buy Altamont Energy shouldn’t be blocked.
XCL Resources is seeking approval from the Federal Trade Commission to acquire fellow Utah producer Altamont Energy LLC.
The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.
Newly released guidelines by the Department of Justice and Federal Trade Commission suggest that a post-deal, combined market share of more than 30% is potentially problematic.
Under the agreement with XCL, Crusoe will use its Digital Flare Mitigation technology to add 6 MMcf/d of XCL’s production in the Uinta.
The Uinta competes with the Permian Basin’s best counties, although XCL Resources acknowledges the crude’s paraffin content presents transportation hurdles.
CEO of Anschutz Exploration Joe DeDominic sat down with Hart Energy's Jordan Blum at SUPER DUG to discuss his company's growth in the Powder River Basin and that he thinks large public companies will soon "follow our lead."
EnCap private equity veteran Brad Thielemann discusses the role of private equity in traditional oil and gas investing — including the need to ramp up investments to meet demand — as well as its trajectory for financing the transitions ahead.