Energy Hunter Resources filed for IPO under fast-track process for startups By Terry Wade HOUSTON, Oct 25 (Reuters) – Upstart oil company Energy Hunter Resources Inc said on Tuesday it plans to hold an initial public offering in November, only six months after founder Gary Evans left as chief executive of his previous company when […]
Energy Hunter Resources eyes IPO after previous company exits bankruptcy Read More »
Saudi Aramco bids $1.5 billion for Lyondell Houston refinery By Jessica Resnick-Ault and Erwin Seba NEW YORK/HOUSTON, Oct 21 (Reuters) – At least three firms including Saudi Arabian state oil giant Saudi Aramco have bid over $1 billion for the Lyondell Houston refinery, according to four people familiar with the process. The Saudi firm was initially seen as
Lyondell Houston refinery draws bids from Aramco, Valero, Suncor Read More »
Concho Resources acquires 10 million boe/d in deal, 67% comprised of oil MIDLAND, Texas – Concho Resources Inc. completed acquisition of 40,000 net acres in the core of the Midland Basin from Reliance Energy for approximately $1.625 billion. The acquired assets, which are located in Andrews, Martin and Ectorcounties in Texas. Concho is currently running one rig
Concho Resources completes $1.62 billion acquisition of Midland Basin assets Read More »
SM Energy selling Williston Basin assets to Oasis Petroleum Oct 18 (Reuters) – SM Energy Co said on Tuesday it would buy 35,700 net acres in West Texas’s Howard and Martin counties for about $1.6 billion and sell its Williston Basin assets in North Dakota for $785 million to Oasis Petroleum Inc. SM Energy has
SM Energy to buy Permian Basin acreage for $1.6 billion Read More »
Double Eagle Energy valued at nearly $3 billion By Mike Stone Oct 18 (Reuters) – Double Eagle Energy Permian LLC is a unicorn roaming the barren landscape of West Texas. Founded by a retired NFL player and his high school buddy – with land deals signed on the hood of a pickup – the Fort
Double Eagle Energy, a Texas unicorn, preps for a rare oil IPO Read More »
SM Energy funding majority of $1.1 billion portion of acquisition with proceeds from Williston Basin asset sale DENVER – SM Energy Company announced it entered into a purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the company’s Midland Basin footprint to approximately 82,450 net acres. The acquired acreage
SM Energy Cores up in Midland Basin with simultaneous transactions Read More »
AUSTIN –The Railroad Commission’s Site Remediation section has helped turn an historic, abandoned oil field site into part of one of the state’s newest natural habitats—the Turtle Bayou Nature Preserve. The 511-acre preserve, which celebrated its grand opening Friday, is located between Houston and Beaumont in Chambers County and borders Lake Anahuac and Turtle Creek
In Sept. 2016, Commission staff processed 430 oil, 155 gas, 38 injection and seven other completions AUSTIN –– The Railroad Commission of Texas issued a total of 746 original drilling permits in Sept. 2016 compared to 906 in Sept. 2015. The Sept. total included 610 permits to drill new oil or gas wells, seven to
Texas drilling permits, completions statistics Sept. 2016 Read More »
Mexco Energy Corporation, based in Midland, Texas, announced the sale of certain oil and gas properties in Glasscock County, Texas. Mexco received approximately $2.187 million in cash from a sale of working interests to Parsley Energy, Inc. covering 50 net acres located in Glasscock County, Texas in the horizontal Wolfcamp trend of the Permian Basin in
Mexco Energy announces sale of Permian acreage to Parsley Energy Read More »
Analysis says dominant players in Delaware Basin delivering remarkable profitability at current prices HOUSTON – A handful of dominant oil and gas companies operating in established sub-plays in the Delaware Basin are delivering remarkable profitability at current prices thanks, in part, to their early entry and their extensive technical knowledge of the local geology, according to
Delaware Basin: Where the strong survive – IHS Markit Read More »
