On September 2, 2014 we reported on the acquisition of 6,230 gross acres (3,862 net) in the Midland Basin area of the Permian Basin by Callon Petroleum Company (ticker: CPE). The properties were purchased for $212.6 million in cash and are near CPE’s existing operations in Carpe Diem and Pecan Acres in Midland County, Texas. The sale is effective May
Avoiding Downtime During Winter Freeze is the Goal Access to infrastructure is a vital asset for oil and gas producers. Despite infrastructure investments as high as $40 billion per year, production from E&Ps continue to outpace the takeaway capacity in booming areas like the Marcellus and the Permian. Spot prices in Midland, Texas are trading at a $17 discount to
The EIA came out with its Drilling Productivity Report today, calling the Utica Region in eastern Ohio one of the fastest growing natural gas production areas in the United States. “Total natural gas production in the Utica Region, which includes the Utica and Point Pleasant formations, increased from 115 million cubic feet per day (MMcf/d) in 2012 to an estimated
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