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.
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.
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.
SM’s First 18 Uinta Wells Outproducing Industry-Wide Midland, South Texas Results
Shallow tests came on with 685 boe/d, 95% oil, while deeper new wells averaged 1,366 boe/d, 92% oil, from two-mile laterals, SM Energy reported.
Occidental to Up Drilling in Permian Secondary Benches in ‘25
Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the Barnett Shale in the Midland Basin.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
The Aggregators: Avant’s Winning Formula to Deliver Returns
Avant Natural Resources buys small, sells big and is loving every minute of it.
Fatal Texas Oilfield Accident Leaves One Dead, Two Injured
One man was killed and two others were injured at an oilfield in Texas on Jan. 29 where ProPetro Services was conducting fracking operations at a well site owned by Permian Resources Corp.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.