Oxy, Looking to Cut Debt, Sells D-J Minerals to Elk for $905MM
Elk Range Royalties bought 250,000 net royalty acres in the Denver-Julesburg Basin for $905 million from Occidental Petroleum, which is looking to shed debt after last year's acquisition of CrownRock.
EOG Ramps Gassy Dorado, Oily Utica, Slows Delaware, Eagle Ford D&C
EOG Resources will scale back on Delaware Basin and Eagle Ford drilling and completions in 2025.
USGS: 47 MMbbl of Oil, 876 Bcf of Gas in Conventional Rockies’ Basins
The U.S. Geological Survey surveyed areas where potential hydrocarbons in as yet undiscovered oil and gas formations in the Wind River, Bighorn and Powder River basins.
Wildcat Expanding Terminal Transporting Crude from Uinta to Gulf Coast
Wildcat Midstream has begun expanding its Helper export terminal for more capacity to take crude from the Uinta Basin to the Gulf Coast.
Summit Acquires Moonrise Midstream Assets to Alleviate D-J Constraints
A Summit Midstream Corp. (SMC) subsidiary will acquire Moonrise Midstream from Fundare Resources Co. in a cash-and-stock deal valued at $90 million.
Amplify Updates $142MM Juniper Deal, Divests in East Texas Haynesville
Amplify Energy Corp. is moving forward on a deal to buy Juniper Capital portfolio companies North Peak Oil & Gas Holdings LLC and Century Oil and Gas Holdings LLC in the Denver-Julesburg and Powder River basins for $275.7 million, including debt.
The Wall: Uinta, Green River Gas Fills West Coast Supply Gaps
Gas demand is rising in the western U.S., and Uinta and Green River producers have ample supply and takeaway capacity.
Early Innings: Uinta’s Oily Stacked Pay Exploration Only Just Starting
Operators are testing horizontal wells in less developed Uinta Basin zones, including the Douglas Creek, Castle Peak, Wasatch and deeper benches.
PEDEVCO Enters Joint Development Agreement with D-J Basin E&P
PEDEVCO Corp.’s agreement with a private equity operator will develop drilling spacing units in the Denver-Julesburg Basin’s Weld County, Colorado.
IOG Resources II Buys Non-Op Utica Shale Interests
IOG Resources II is expanding in Appalachia with an acquisition of Utica working interests in eastern Ohio.