midland – Page 2 – Oil & Gas 360

Oryx Midstream Lands $550 Million from Qatar Investment Authority

August 7, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Qatar Investment Authority acquires significant stake in Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners Qatar Investment Authority (QIA), the country’s sovereign wealth fund, will be acquiring a significant interest in Permian crude operator Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners, in addition to chipping in

Salt Creek Midstream Subsidiary Announces Open Season in the Delaware

August 5, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 SCM Crude LLC to solicit binding commitments for interstate gathering and transportation SCM Crude LLC, a wholly-owned subsidiary of Salt Creek Midstream LLC, will begin to solicit binding commitments for priority crude oil interstate gathering and transportation services as part of an open season for its Delaware Basin midstream infrastructure. The

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

August 5, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Alliance Resource Partners Acquires $145 million worth of Permian mineral interests from Wing Resources Alliance Resource Partners L.P. (stock ticker: ARLP), a diversified natural resource company based in Tulsa, Oklahoma, has completed its previously announced acquisition of oil and gas mineral interests in the Permian Basin from Wing Resources LLC and

Audio: Interview with Texas Standard Oil President Tim Roberson – an Oil & Gas 360 Exclusive

August 5, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Texas Standard Oil LLC Texas Standard Oil LLC is a private Midland, Texas-based oil company focused on acquiring oil and gas leaseholds in the Wolfcamp shale play of the Permian Basin. Co-founded in 2001 by Timothy M. Roberson and Charles A. Sharman, Texas Standard Oil now holds approximately 21,000 net acres

Occidental and Ecopetrol Team Up in the Midland

August 1, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Occidental Petroleum and Ecopetrol S.A. form joint venture in the Midland Basin Occidental Petroleum Corporation (stock ticker: OXY), the fourth largest public E&P by market capitalization, has formed a joint venture (JV) with Colombia-based Ecopetrol S.A. (stock ticker: EC) to develop 97,000 net acres of Occidental’s Midland Basin properties, subject to

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

August 1, 2019

From The Houston Chronicle Occidental Petroleum reported a $635 million quarterly profit that dipped 25 percent from the year prior, but the focus still remains on Oxy’s $38 billion acquisition of Anadarko Petroleum that could close in August. Houston-based Oxy said it plans to close the Anadarko deal next week after the scheduled Aug. 8 vote of Anadarko shareholders to

The Shale Boom in the Permian Is Slowing Down - 360

Texas Shale Pioneers Struggle to Appease Investors

July 30, 2019

From Reuters Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy – borrowing to buy up acreage, acquire competitors and quickly boost output in the booming shale field. Today, Diamondback (FANG.O) is the

Kimmeridge Energy Joins Forces with Desert Royalty

July 18, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Newly-formed Desert Peak Minerals to be largest pure-play mineral royalty company in Delaware Basin Kimmeridge Energy Management Company, a private equity firm focused on acquiring unconventional oil and gas assets, has entered into a definitive agreement with Desert Royalty Company to combine the two companies’ assets to form Desert Peak Minerals.

The Permian Oil Boom Is Showing Signs of Overheating

July 17, 2019

Shortages of sand, pipelines, and manpower could jeopardize America’s future as an energy superpower At 10:30 p.m. on an 85F August night in Penwell, in West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in the forecourt of an abandoned truck stop. The song Free Bird by Lynyrd Skynyrd blares from the radio. “I’m making

Alliance Resource Partners Snags 9,000 Acres in the Permian

June 24, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Wing Resources to sell assets for $145 million Tulsa, Oklahoma-based Alliance Resource Partners, L.P. (stock ticker: ARLP) has entered into a definitive agreement to acquire oil and gas mineral interests in the Permian Basin from Wing Resources LLC/Wing Resources II LLC for a cash purchase price of $145 million. The deal

SM Energy Expects to Add 400,000 BOE to 2019’s Production - Oil & Gas 360

SM Energy Adds 400,000 BOE to 2019’s Production Guidance

June 18, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Second quarter and full year production expected to be 43-44% oil Due to better than expected well performance and timing of completion, SM Energy Company (stock ticker: SM) is upping its Q2 2019 and full year production guidance by 400,000 BOE. The company estimates that Q2 2019 and full year production

New Partnership to Acquire Upstream Assets

June 14, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Initial capital commitments of $500 million TPG Sixth Street Partners, a global finance and investment business founded in 2009, announced a new partnership today with the Houston-based private oil and gas company Glendale Energy Ventures. The two companies plan to directly invest in the development and acquisition of upstream oil and

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