Houston-based Coterra Energy is the new company formed by closing of the $17 billion merger of Cabot Oil & Gas Corp. and Cimarex Energy Co. Coterra will operate in more than 700,000 acres in Permian, Anadarko and Marcellus basins that produced 605,000 boed in 2021Q2. The assets include Cimarex’s 560,000 net acres in Delaware Basin […]
Earthstone acquires 10,000 acres in Irion County from Foreland
The Woodlands-based Earthstone Energy said this week it signed agreements to acquire assets in southeast Midland Basin from Foreland Investments and BCC-Foreland for $73.2 million in stock and cash ($49.2 million). The assets include about 10,000 net acres in Irion County (67 percent held by production) with September net production of 4,400 boed (26 percent […]
Effective Communication
Dear HR Lady: Why should I encourage my organization’s leadership to model ethical and professional behavior? Foul language and a lousy temperament have become accepted behavior in most walks of life. Many staff members exhibit inappropriate behaviors and language that have nothing to do with getting the job done. Is it essential to change their […]
An Evening with Taya Kyle
Best-selling author Taya Kyle, widowed wife of American serviceman hero Chris Kyle, was guest of honor at a fundraiser event held Aug. 13 in Midland. “An Evening with Taya Kyle” was the occasion for the event that benefited the Centers for Children and Families, which provides counseling services throughout the Permian Basin. Taya Kyle is […]
How to drill the best wells on the best acreage with limited data
Maximize limited data to gain valuable insights and reduce uncertainty As the industry has moved into more intensive development with substantial capital outlays in a difficult price scenario, it’s more important than ever that we drill the best wells on the best acreage and get it right the first time. Having confidence in your reservoir-scale […]
What Technology Means for Valuation
By Kevin Cannon Over the last few years, technology has become increasingly more prominent in the extraction and production of oil and natural gas and associated byproducts. Prior to the global COVID-19 pandemic, oilfield service and drilling providers were already working to develop greater technological advancements that have added to the efficiency and cost […]
O&G Contracts Down 7 Percent
Oil and gas contract activity declined following the relatively stable activity in Q1 2021, with the industry recording a seven percent decrease in the number of contracts and a significant decrease in disclosed contract value in Q2 2021, according to GlobalData, a leading data and analytics company. The latest report by GlobalData, “Q2 2021 Global […]
PBIOS Readies for 2021 Run
Proclaiming its latest slogan—“Celebrate our History… Embrace our Future”—the Permian Basin International Oil Show (PBIOS) returns Oct. 19-21 following a year when Covid forced the show to forestall its opening. Organizers of the massive trade show look forward to tens of thousands of attendees, as in past runs. PBIOS is always held in the Ector […]
Toast to a Worthy Water Feature
On the dates of Aug. 12-14, dozens of loyal Garrison Brothers fans flocked to the Gage Hotel, in Marathon, Texas, for the Bourbon Excursion, a week dedicated to enjoying good bourbon and raising money for “Good Bourbon For A Good Cause.” The event benefits a 501c3 charity dedicated to providing support for good causes across […]
Taft Pipeline Sees Completion
Pin Oak Corpus Christi, LLC, announced Aug. 26 the completion of the Taft 20-inch Pipeline, which provides the Pin Oak Taft Terminal with interconnections to Flint Hills Resources Midway Station and Cactus II Taft Terminal. The bidirectional pipeline connection(s) to the Cactus II Taft Terminal and the Flint Hills Resources Midway Station provides inbound receipts […]
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