Corpus Christi-based Sabalo Energy recently brought online a multi-well, co-development project in Howard County that Enverus said was among the top third of completions in the county. The six wells on Vince Everett 13-12 pad target lower Spraberry and Wolfcamp A with laterals averaging 10,247 feet and initial 24-hour rates averaging 1,559 boed (91 percent […]
Occidental to sell 25,000 acres in Delaware Basin to Colgate Energy affiliate
Occidental Petroleum said June 10 it agreed to sell what it considers non-strategic acreage in southern Delaware Basin in Reeves and Ward counties to an affiliate of Colgate Energy Partners for $508 million. Proceeds from the sale will be used for debt reduction. Vicki Hollub, Oxy president and CEO, said, “This transaction brings our post-Columbia […]
Handling Conflict at Work
Building a better team by utilizing your employees’ modes of conflict. What? In May, I wrote about successful and efficient meeting leading. This month let us review building successful teams. First, you must hire a good team. Then you need to know how each new hire gets their job done while interacting with your internal […]
The NGL Factor
In Memphis, Elvis is The King. In the Permian Basin, Oil is The King. Oil’s had a long string of hits in West Texas, dating back more than 100 years. Its backup singers, natural gas and natural gas liquids, have their place, but they’ll never be the star of the show. In fact, NGLs are […]
Diversified Energy acquires upstream assets of Midland’s Blackbeard
Midland-based Blackbeard Operating reportedly agreed May 21 to deal certain of its upstream assets in Barnett Shale to Birmingham, Ala.-based Diversified Energy for gross purchase price of $180 million. Diversified said May 28 that “the Blackbeard acquisition represents an attractive entry point into the Barnett Shale and an extension of the company’s presence in its […]
Growth slows in Permian, Texas rig count; New Mexico adds 2
Growth in rig count in Permian Basin and Texas has slowed – adding only 3 rigs in Permian Basin and falling by 1 rig in Texas in the last 4 weeks. Baker Hughes said as of June 4 there were 232 rigs in Permian (233 last week, 141 last year), 216 in Texas (218 last […]
Surge Energy completes dual fuel project in Howard County
Houston-based Surge Energy said June 3 it recently completed a multi-zone project in the Moss Creek field in Howard County using dual fuel completions. The project included a 5-well pad with a compressed natural gas and diesel dual fuel system that yielded greenhouse gas emissions reduction of about 845 metric tons of CO2e emissions. Surge […]
Midland’s Colgate Energy Partners acquires Delaware driller Luxe Energy
Midland-based Colgate Energy Partners, portfolio company of Natural Gas Partners, said June 1 it agreed to acquire most of the assets of Delaware Basin driller Luxe Energy in an all-stock deal. Colgate acquired 22,000 net acres adjacent to its existing position in Reeves and Ward counties with current average net production of 17,000 boed, about […]
Independence Energy, Contango Oil & Gas to merge in all-stock deal
Permian Basin operators Independence Energy of Houston and Contango Oil & Gas of Fort Worth said Tuesday they have agreed to merge in an all-stock transaction to create a diversified, low-leverage independent oil and gas company with low-decline producing properties and low-risk growth opportunities. Value of the new entity is $5.7 billion with net debt […]
Safety Man Puts out Fire; News at 10!
As I was leaving my office that was downtown, and going to an adjacent building, I looked over by the smoking area outside, and there was a medium-sized fire! Being the safety professional I am, I assessed the situation. It appeared to be a fire in the plastic 5 gallon bucket used for cigarette butts. […]
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