Tag: Wolfcamp formation
Clayton Williams Energy suffers Q2 loss, refocuses on Delaware Basin
Clayton Williams has oil and gas production of 13.6 MBOE/d Clayton Williams Energy, Inc. announced a Q2 net loss of $73.8 million, with a plan focused on the development of its 65,000 net acre position in the southern Delaware Basin. Production costs in Q2 were $19.2 million versus $23.1 million in Q2 2015 due to lower oilfield […]
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 […]
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