Wednesday, January 8, 2025

Callon Petroleum Adds Fourth Core Delaware Position with $615 Million Acquisition

New Delaware Basin acreage holds base inventory of 206 net wells and is producing 1.9 MBOEPD; 36% of drilling locations targeting 10,000 foot Wolfcamp laterals Callon Petroleum Company (ticker: CPE) announced late Tuesday that the company will add 27,552 gross (16,098 net) acres in the Delaware Basin to its assets following the close of a $615 million acquisition from American

Continental Reesources

Continental Resources Reports Record Well in the STACK

Continental Resources’ Angus Trust 1-4-33XH produced 4,642 BOE during its 24-hour IP test Oklahoma City-based Continental Resources (ticker: CLR) announced that its recently completed Angus Trust 1-4-33XH has set a company IP record. The well, which was drilled in the over-pressured oil window of the Oklahoma STACK play, produced 4,642 BOE (45% oil) in a 24-hour test, comprised of 2,088

Canadian Heavy Oil Prices are Falling Faster than Global Crude Benchmarks - Oil & Gas 360

Crude Oil Sees Inventory Draw, but in all the Wrong Places

Crude oil inventory draw beats expectations at 2.7 MMBO Crude oil inventories shrank for the fourth week in a row, according to information released from the Energy Information Administration. The total amount of crude in storage declined 2.6 MMBO, 1.2 MMBO more than economist expected, but WTI prices still fell over $1 per barrel as market watchers point out that