Blue Wolf Capital Buys Majority Stake In Production Equipment Provider Petrosmith
The investment, which is the New York-based firm’s first since closing Blue Wolf Capital Fund IV LP at its hard cap of $540 million in September 2017, is expected to facilitate rapid expansion at Petrosmith.
FourPoint Breaks Trail Through Western Anadarko With New Deal, Funding
The acquisition in the Texas Panhandle will bring FourPoint’s production to more than 530 million cubic feet equivalent per day and give it control of 300 miles of pipe.
Unit Corp. Appoints Les Austin As CFO, SVP
Les Austin has more than 23 years of energy finance and leadership experience. He replaces David T. Merrill, who held the position of CFO at Unit until he was promoted to COO in August.
Black Stone’s Magic: $340 Million Pries Minerals From Noble Energy
Black Stone’s single largest deal to date expands its Permian presence with 15,500 net royalty acres in the Midland and Delaware basins.
Range Resources To Promote Mark Scucchi As CFO Following Roger Manny's Retirement
Manny, who has been with the Fort Worth-based company since 2003, plans to retire after Range's 2018 annual stockholder meeting in May, according to the company press release.
Scoping The Scoop And Stack
All systems are a go in Oklahoma. Density tests are abundant, EURs are rising and full-field development takes off in 2018.
WaterBridge Acquires Arkoma Produced Water Gathering, Disposal Company
The acquisition expands the operating presence of Houston-based WaterBridge into multiple basins, where the company's other core focus is in the southern Delaware Basin.
Pipeline Focus: Third-Quarter Update In The Midcontinent
Stratas Advisors adds four updates to its crude oil infrastructure table.
Midstream Panel - The Heart Of The Continent: Mike Burdett, EnLink Midstream; Garry Banda, Stratas Advisors (2017)
As capital pours into the Midcontinent and rig counts climb, takeaway constraints—particularly for natural gas—are a growing concern for Anadarko Basin producers. These panelists from EnLink Midstream and Stratas Advisors offer their views on how the buildout of natural gas, crude oil and NGL infrastructure is proceeding, and how bottlenecks can be addressed.
DUG Midcontinent: Oklahoma Governor Touts New Law Allowing Longer Laterals
FourPoint Energy CEO George Solich, who lobbied for longer laterals proposals, sees the potential for an industry payoff in the long run.