Matador’s U-lateral Delaware Tests Outproduce 2-mile Straight Holes
Matador Resources' results from eight Loving County, Texas, tests include two 2-mile U-turn laterals, five 2-mile straight laterals and one 1-mile straight lateral, according to state data.
Exclusive: TPL Eyes Midland Growth to Replicate Delaware Basin Success
Texas Pacific Land CFO Chris Steddum discusses the company's approach to acquisitions in both the Delaware and Midland basins, and TPL's selective strategy when evaluating deals, in this Hart Energy Exclusive interview.
Matador Slashes Debt with $113MM Piñon Midstream Payout
Enterprise Products Partners closed its purchase of Piñon Midstream for $950 million on Oct. 28, earning Matador Resources $113 million for its roughly 19% ownership interest.
'A Renewed Look': Central Basin Platform's Old Rock Gains New Interest
As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.
Enterprise Closes $950MM Acquisition of Delaware’s Piñon Midstream
Enterprise Products Partners acquisition of Piñon Midstream expands Enterprise’s New Mexico Delaware Basin footprint with sour-gas processing.
Spicewood Acquires Multiple Permian Basin Mineral Interests
Spicewood Mineral Partners added mineral and royalties interests in the Midland and Delaware basins, operated by E&Ps including Occidental Petroleum, ConocoPhillips and BP.
As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus
Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.
Now in 18 Permian Counties, What Will Diamondback Divest?
Post-acquisition of Endeavor Energy, Diamondback Energy has property in 18 West Texas counties. While analysts wait to hear what will be sold, Endeavor is up-shifting D&C efficiencies down to $625 per lateral foot.
Bowman Consulting to Manage, Monitor Delaware Basin Wells
Bowman Consulting Group’s scope of work includes conducting detailed field surveys of above-ground infrastructure assets across well sites of up to to 8 acres.
Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle
As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.