Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.
Stratas Advisors sees regional gas production from the Haynesville rising in 2019 as new entrants apply practices honed in other shale plays.
The company purchased Texas acreage from a family-owned oil and gas company that offsets its July deal to buy Haynesville acreage from bankrupt Enduro Resource Partners LLC.
Comstock Resources has entered into an agreement with Shelby Shale LLC to acquire an 88% interest in 6,124 gross acres (6,023 net) limited to Shelby's Haynesville shale rights in Harrison and Panola counties, Texas.
Analysts, experts and industry observers size up M&A for the Permian, Marcellus, Stack and Powder River Basin and take a look at what the tea leaves portend for 2019.
Rigs are consolidated at the high end while sand shifts back to quality.
Today’s Forty Under 40 honoree is Ben Hunter, CEO and co-founder of Pine Wave Energy Partners, a company focused on unconventional development in the East Texas Basin.
The acquisition, which the Tailwater Capital-backed company acquired from Woodland Midstream Partners and Orion Pipeline, establishes a “strong asset base” for Elevate Midstream in East Texas.
The sale follows several other divestitures marking regional exits including QEP Resources’ recent $1.7 billion Williston sale as the company aims to become a Permian Basin pure-play.
Houston-based independent oil and gas producer EOG Resources has secured 65% of its expected services for 2019.