Western Midstream to Build Permian Produced Water Pipeline
Western Midstream is investing up to $450 million to expand its produced water infrastructure, including the Pathfinder pipeline to transport produced water to disposal facilities in the Delaware Basin.
Diamondback in Talks to Build Permian NatGas Power for Data Centers
With ample gas production and surface acreage, Diamondback Energy is working to lure power producers and data center builders into the Permian Basin.
Ring Energy Bolts On Lime Rock’s Central Basin Assets for $100MM
Ring Energy Inc. is bolting on Lime Rock Resources IV LP’s Central Basin Platform assets for $100 million.
Coterra’s Rigs ‘Stay Camped Out’ in Delaware Basin Mega-DSU Drilling
With 57 wells already in one “row” development, Coterra Energy has 16 more underway, plus rigs at work on two more mega-DSU developments totaling 90 wells.
Diamondback Closes TRP Acreage Swap for Midland Assets
Diamondback Energy added southern Midland Basin locations through an acreage swap with TRP Energy.
Civitas Makes $300MM Midland Bolt-On, Plans to Sell D-J Assets
Civitas Resources is adding Midland Basin production and drilling locations for $300 million. To offset the purchase price, Civitas set a $300 million divestiture target “likely to come” from Colorado’s D-J Basin, executives said.
Slant Energy Secures Capital Commitment from Pearl Energy Investments
Newly formed Slant Energy III LLC has secured an equity commitment from Dallas-based private equity firm Pearl Energy Investments.
Vital, SM: Woodford-Barnett Wildcats Flush with Barrels in Southern Midland
An initial SM Energy test made 250,000 boe in its first eight months online. Vital Energy is reporting more than 150,000 gross boe per 10,000 ft of lateral in its first-six-month output.
Six New Dean Wildcats Come With 95% Oil in Northern Midland Basin
SM Energy reported geologic variability in deposition in the new play in southern Dawson County, Texas, but “it's really competitive.”
Matador Touts Cotton Valley ‘Gas Bank’ Reserves as Prices Increase
Matador Resources focuses most of its efforts on the Permian’s Delaware Basin today. But the company still has vast untapped natural gas resources in Louisiana’s prolific Cotton Valley play, where it could look to drill as commodity prices increase.