Monday, January 6, 2025
Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial Resource Development Acquires 35,000 Delaware Basin Acres

$855 million purchase gives Centennial about 77,000 acres in one of America’s hottest oil plays Denver-based Centennial Resource Development (ticker: CDEV) announced Monday that it has agreed to acquire 100% of the leasehold interests and related upstream assets from Silverback Exploration. Privately-held Silverback’s 35,000 net acres (44,000 gross) of Delaware Basin assets directly offset Centennial’s existing acreage, and are currently

Rigs Continue to Increase Activity

The Marcellus sees the majority of the increased drilling activity last week The number of rigs actively drilling in the United States continued to climb ahead of Thanksgiving, according to Baker Hughes Industries (ticker: BHI). The company, which releases a weekly update on drilling in North America every Friday, put out information on the number of active rigs last Wednesday

North Dakota tells Court Fed Flaring Rule “Runs Roughshod” Over its Sovereign Interests

North Dakota tells Court Fed Flaring Rule “Runs Roughshod” Over its Sovereign Interests

North Dakota has a unique split estate configuration that complicates oil and gas rule making Last week, on the eve of the U.S. holiday, North Dakota joined Wyoming and Montana in a legal petition filed against the federal government’s final flaring and emissions rule. North Dakota filed a memorandum in support of the its unopposed motion to intervene as petitioner in case