Respect Big Bend Coalition last month released two reports on its two years of community engagement and analysis on energy development in the region. The coalition seeks to balance future energy development – oil and gas and renewables – with conservation planning and community input and leadership. The 14-member group includes landowners and community leaders […]

Judge Terry Doughty of the U.S. District Court for the western district of Louisiana this week blocked the Biden administration’s pause on oil and gas leasing on public lands and waters. Tuesday’s order granted a preliminary injunction to Texas, Louisiana, Oklahoma and 10 other states – all with Republican attorneys general – that sued President […]

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 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 […]

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 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 […]

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-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 […]

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 […]