Tag: Midland Basin
Pioneer Natural Resources raises $827 million to fund West Texas development
Capital will fund pending acquisition of properties in Midland Basin, development Spraberry/Wolfcamp acreage Midland, Texas-based Pioneer Natural Resources Company announced Wednesday it has priced an underwritten public offering of 5.3 million shares of its common stock for gross proceeds of $827 million, sending shares down three per cent. Pioneer (NYSE:PXD) has granted the underwriters an option for 30 days to purchase […]
Devon Energy to sell $1 billion of upstream assets in East Texas, Midland Basin
At Dec. 31, 2015, proved reserves for the assets amounted to 31 million Boe OKLAHOMA CITY – Devon Energy Corp. says it has entered into agreements with undisclosed parties to sell nearly $1 billion of non-core upstream assets in east Texas, the Anadarko Basin and an overriding royalty interest in the northern Midland Basin. The largest transaction is […]
Callon Petroleum acquires Midland Basin assets for new core area
“These acquisitions are a significant step forward in Callon’s continued evolution as a leading operator in the Permian Basin” Callon Petroleum Company says it has entered into definitive agreements with three private entities to acquire assets operated by Big Star Oil and Gas, LLC for total consideration of $220 million in cash and approximately 9.3 million […]
Torchlight Energy acquires Midland Basin assets from McCabe Petroleum
Torchlight pursuing joint development partner to provide project capex funding PLANO, Texas – Torchlight Energy Resources, Inc. says it has signed an agreement to purchase a 66.66 per cent working interest and take over operations in ~12,000 acres (19 sections) in the Midland Basin from McCabe Petroleum Corporation. The acreage was previously acquired by McCabe through a farm-out. Well-known […]
Earthstone Energy enters Midland Basin by acquiring Lynden Energy
Earthstone’s most significant assets are located in the Eagle Ford trend of south Texas, while Lynden Energy Corp’s significant assets are located in the Midland Basin Earthstone Energy, Inc. is acquiring Lynden Energy Corp. in an all-stock transaction, the parties announced Thursday. At closing, Earthstone will issue approximately 3.7 million shares of its common stock to […]
Parsley Energy announces Midland Basin acquisition
Est. net production of 1,000 barrels of oil equivalent per day during Nov. from 3 horizontal wells in Midland Basin AUSTIN, Texas – Like many oil and gas companies struggling in a low price environment, Parsley Energy, Inc. is expanding operations in the most prolific American shale play, the Permian Basin. Parsley Energy, Inc. (NYSE: PE) says […]
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