Tag: wolfcamp
Natural gas, oil will be ‘bedrock’ of global energy system for many decades – IEA
IEA forecasts a “second natural gas revolution” spearheaded by LNG trade By Seth Whitehead, EnergyInDepth The International Energy Agency’s (IEA) 2016 World Energy Outlook was released this week, and it notes that natural gas will be one of the “clear winners” over the next 25 years, while oil demand will continue to grow and production […]
20 billion barrels of oil in Texas’ Wolfcamp shale formation – USGS
Wolfcamp largest estimate of continuous oil that USGS has ever assessed in the US The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to […]
EOG Resources in a class of its own – energy economist
EOG says Permian Basin assets are responding well to productivity improvements like longer horizontal well laterals Not many American oil producers are competitive at low prices, but EOG Resources has the technical knowhow and execution to pull it off, says energy economist Ed Hirs. EOG announced in its last operational update that “premium inventory” (defined as direct […]
Sequitur Energy Resources announces acquisition of Southern Midland Basin assets
Sequitar gained a significant inventory of development opportunities in the Wolfcamp formations HOUSTON – Sequitur Permian, LLC, an affiliate of Sequitur Energy Resources, LLC, has announced the acquisition of producing properties in the Impossible and Barnyard Fields located in Reagan, Crockett, Irion and Schleicher Counties, Texas. Transaction Highlights Net current production of approximately 10,000 net Boepd […]
Contango purchases Southern Delaware Basin acreage for $25 million
Acreage located in western Pecos County, Texas, with 157 potential well locations HOUSTON, Texas – Contango Oil & Gas Company says that it has an agreement with a private oil and gas company to purchase one-half of the seller’s interests in approximately 12,100 gross undeveloped acres for up to $25 million in the Southern Delaware Basin of […]
Resolute Energy sells Permian Basin mid-stream assets, ready for Delaware Basin expansion
Sale proceeds will be used to reduce debt, fund development in Delaware Basin Denver-based Resolute Energy has sold gas gathering and water handling systems in Reeves County, Texas to an undisclosed Permian Basin midstream company for up to $110 million. The projects are currently operated by Resolute in its Appaloosa and Mustang project areas, the company said in […]
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