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 […]

Pioneer Natural Resources raises $827 million to fund West Texas development Read More »

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

Devon Energy to sell $1 billion of upstream assets in East Texas, Midland Basin Read More »

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

Callon Petroleum acquires Midland Basin assets for new core area Read More »

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

Torchlight Energy acquires Midland Basin assets from McCabe Petroleum Read More »

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

Earthstone Energy enters Midland Basin by acquiring Lynden Energy Read More »