The Permian Basin, the gift that keeps on giving—from an oil and gas standpoint—has spent the last few years as the site of numerous producers’ core acreage. In many instances, lower oil prices and the relative volatility of the oil and gas market has pushed operators onto acreage that they consider bomb-proof as far as oil prices are concerned. The
Carrizo Oil & Gas (ticker: CRZO) sports over 160,000 net acres across the Eagle Ford, Delaware basin, and Niobrara—with an inventory of over 2,000 net horizontal drilling locations. The company also has non-core assets in the Marcellus and Utica formations. The majority of the company’s acreage is in the Eagle Ford at approximately 103,300 net acres with over 1,200 net
Between 2015 and Q1, 2017, WPX Energy, Inc. (ticker: WPX) has executed a textbook ‘about-face’ on its production, altering its producing ratios from 67% natural gas, 33% liquid to 64% liquid and 36% natural gas production. The company’s total production was approximately 90 MBOEPD during Q1, 2017. The company also established a joint venture with Howard Energy Partners to develop
Permian pure-play Jagged Peak Energy (ticker: JAG) holds approximately 70,000 net acres in the prolific basin. Within its Permian acreage, Jagged Peak has identified 1,265 potential drilling locations and—as of September, 2016—estimates its proved reserves value at 32.7 MMBOE. The company itself launched its initial public offering in January, 2017 and, in its first quarter as a public company, it
Lilis Energy (ticker: LLEX) is exclusively involved in exploration and development in the Permian basin. As of June, 2017, the company currently holds over 10,000 net acres in the Delaware basin and estimates that its acreage holds over 500 potential horizontal net drilling locations. Lilis merged with Brushy Resources in 2016, which—at the time—expanded the company’s acreage by 185%. The
Rosehill Resources (ticker: ROSE) is a Delaware basin-focused oil and gas company with approximately 5,000 net acres in the basin. Rosehill was formed in 2017 following the combination of Tema Oil and Gas Company and KLR Energy—which operated as a special-purpose acquisition company, or SPAC, for the combination. Approximately 80% of Rosehill’s acreage in the Delaware Basin is held by
Noble becomes 2nd largest Southern Delaware acreage holder Noble Energy, Inc. (ticker: NBL) has completed its acquisition of Clayton Williams Energy as of market close on April 24, 2017. In conjunction with the closing, Clayton Williams Energy became a wholly owned subsidiary of Noble Energy under the name NBL Permian LLC. 71,000 ‘highly contiguous’ acres in the Southern Delaware The acquired assets include 71,000 highly contiguous net
Parsley plans to complete 120-140 gross operated horizontal wells in 2017, company targets 60% annual production growth in 2017 Parsley Energy, Inc. (ticker: PE) has entered into unrelated transactions for undeveloped acreage and producing oil and gas properties adjacent to its existing operating areas in the Midland and Southern Delaware Basins. The company said it acquired the properties for an aggregate purchase
PDC Energy, Inc. (ticker: PDCE) has appointed David Honeyfield its chief financial officer effective December 19, 2016. David Honeyfield was previously CFO for Jonah Energy in Denver. His previous experience includes six years at Intrepid Potash, where he served as president and CFO. Honeyfield served as CFO at SM Energy, controller and CAO at Cimarex Energy/Key Production Company, and Senior Audit Manager at Arthur Andersen. Honeyfield holds a BA in
PDC: Ready to Integrate and Develop Permian Assets in 2017 PDC (ticker: PDCE) CEO Bart Brookman summarized Q3 as a “terrific” quarter for PDC on its 3Q earnings call today. Brookman called for increased production and activity going forward in both the company’s core Wattenberg and Delaware acreage. Third quarter production increased 39% year-over-year to 65,000 BOEPD, despite a 10%
Centennial Resource Development launches its new website: www.CDEVinc.com A newly formed oil and gas E&P company, Centennial Resource Development (ticker: CDEV), (www.CDEVinc.com) is the Southern Delaware’s newest player, though its executive team and board of directors are anything but new to the basin. Silver Run transaction with CDEV CDEV was christened Centennial Resource Development by Silver Run Acquisition Corp. on
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