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.”
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.
Diamondback, Double Eagle Form JV to Drill in Southern Midland Basin
Double Eagle IV is selling mostly undeveloped, core Midland Basin acreage to Diamondback Energy for $4.1 billion. Double Eagle will retain a significant amount of existing production in the southern Midland Basin, where it’s partnering with Diamondback to “accelerate development.”
Diamondback Acquires Permian’s Double Eagle IV for $4.1B
Diamondback Energy has agreed to acquire EnCap Investments-backed Double Eagle IV for approximately 6.9 million shares of Diamondback and $3 billion in cash.
DUCs Fly the Coop: Big Drawdowns from the Midland to Haynesville
The Midland Basin depleted its inventory of excess DUCs the most last year, falling from two months of runway to one during the past year, according to a report by Enverus Intelligence Research.
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.
AI Deals Line Up for Energy Transfer’s Gas Supply
Midstream company Energy Transfer’s executives say they’re working on more than 100 deals for gas-powered generation projects.
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.