Corterra Energy retained Detring Energy Advisors for the sale its oil and gas producing properties, leasehold, and related assets located throughout the core of the Arkoma Basin.
A Bakken completion by Bruin E&P Partners with the highest reported rate in Williams County, N.D., tops this week’s drilling activity highlights from around the world.
Here’s a snapshot of energy deals from the past week including a three-way Permian Basin combination that will create a $1.5 billion E&P plus the multimillion-dollar buyout of Jones Energy.
In an unpredictable market, newly minted E&Ps have abandoned the old models of building ready-to-drill assets and instead are forging ahead with new models, operating strategies and leaders.
Increased stage spacing and proppant loading plus use of 100-mesh sand have proven favorable for Gulfport in the Scoop.
Jones Energy, which entered bankruptcy with $1 billion in debt in April, agreed to an all-cash deal for its Anadarko Basin assets.
Faced with challenges with commodity prices and geology in the Western Anadarko Basin, FourPoint Energy’s Jacob Shumway told DUG Midcontinent conference attendees: “We see this as a time to innovate.”
Pro Mineral Partners retained Oil & Gas Asset Clearinghouse for the sale of acreage in the heart of Oklahoma's Scoop and Stack shale plays in an offering closing Dec. 5.
Charter Oak Production retained the Oil & Gas Asset Clearinghouse for the sale of an Oklahoma package of operated multi-well PDP and leasehold development in Love County.
Oklahoma producers are intensifying multisection-lateral and multizone development of their liquids-rich leasehold, bringing production nearer to first spend. They’re also paring costs by millions per well.