Wolfcamp – Oil & Gas 360

Acquisitions Elevate EagleClaw Midstream to Largest Pure-Play Delaware Midstream Provider

November 2, 2018

EagleClaw Midstream is now the largest pure-play, privately-held Delaware Basin midstream business, after its concurrent acquisition of Caprock Midstream Holdings and Pinnacle Midstream, which were announced today. History of planned $950 million acquisition The planned acquisition of Caprock Midstream was publicly proposed in September. EagleClaw Midstream is a portfolio company of Blackstone Energy Partners. According to its September statement,

Lilis Energy Announces Tiger #1H IP in the Wolfcamp

January 9, 2018

Tiger #1H reached 1,803 BOEPD, 72% liquids on 4,108 foot lateral Lilis Energy, Inc. (ticker: LLEX) said that its Tiger #1H well has reached a 24-hour initial production rate of 1,803 BOEPD on a three-stream basis, at 439 BOEPD per 1,000 ft. or 242 BOPD per 1,000 ft. of lateral. The well is currently producing at 72% liquids on a

Exclusive Video Interview with Approach Resources President & COO Qingming Yang

September 19, 2017

Approach Resources: we believe the Wolfcamp shale holds 45 billion barrels of oil At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Permian producer Approach Resources (ticker: AREX) President & Chief Operating Officer Qingming Yang. The average shale play formation is approximately 300 feet in thickness. In combination, the

Approach Resources Using Nano-Fluids in Wolfcamp Completions

June 26, 2017

Permian pure play operator — Approach Resources Inc. (ticker: AREX) – is carefully evaluating its completions in its Wolfcamp benches. Approach holds 138,000 gross (120,000 net) acres targeting primarily the Wolfcamp A, B, and C benches. In its Permian acreage, Approach reported a proved reserves value of 156.4 MMBOE and also reported approximately 1,600 potential horizontal drilling locations. Approach has

Proposed Permian Refinery Could Take 50,000 BOPD from West Texas Producers

March 10, 2017

It’s small when you compare it to the top ten largest U.S. refineries, most located on the Gulf coast, all having capacities between 300,000 barrels and half a million barrels per day, but a small Texas-based energy company has announced its intention to build a 50,000-barrels per day crude oil refinery in a well-selected location: in the heart of the Permian

Pioneer Natural Resources: 2016 Production Jumps 15% from Spraberry/Wolfcamp Hz Drilling

February 8, 2017

Pioneer expects to place ~260 horizontal wells on production in 2017 Pioneer produced 234 MBOEPD in 2016, up 15% from prior year One of the best years in Pioneer’s 20-year history: Dove Exported 525,000 barrels of Permian basin oil in Q4 2016 Looks to ship two 525,000 barrel cargoes to Asia in Q1 2017: $2.5 billion D&C CapEx targets 18

Permian Producer Pioneer Natural Resources’ Q3 Earnings Call

November 4, 2016

Retiring Pioneer Natural Resources (ticker: PXD) CEO Scott Sheffield hosted his final earnings call this week Scott Douglas Sheffield As most of you all know, this is my last earnings call after 25 years of being public. I want to extend a special thanks to all shareholders and to all analysts on the call and our great relationship that we’ve

Does it Get any Hotter than the Permian?

August 19, 2016

On day three of EnerCom’s The Oil & Gas Conference® 21, a panel of experts talked about the Permian basin and the rapid growth in activity it has seen in the past three years. Panelists were Jeb Bachmann of Scotia Howard Weil, Will Green of Stephens Inc. and Bill Davis of Vaquero Midstream. Scott Rees, Chairman of Netherland Sewell, started things off

Approach Resources Inc. – Day Two Breakout Notes

August 17, 2016

Approach Resources Inc. presents at EnerCom’s The Oil & Gas Conference® During Approach Resources’ breakout session, management was asked the following questions: What types of completions are you doing to drive down costs? What type of sand loadings are you using for your proppant? Can you share some more on acreage pricing? What do you think about amount of proppant

Cimarex Energy – Day Two Breakout Notes

August 16, 2016

Cimarex presents at EnerCom’s The Oil & Gas Conference® During Cimarex’s breakout session, management was asked the following questions: In Culberson county, what is the average mix in the upper and lower Wolfcamp? And is there potential for multiple stacked laterals in the upper Wolfcamp? As you lay out your Wolfcamp targets, do you have a view of the lower

EnerCom Conference Presenter Focus: Anadarko Petroleum

July 26, 2016

Anadarko will present at EnerCom’s The Oil & Gas Conference® 21 on Tues. Aug. 16, 2016 at 4:45 pm EST. Anadarko Petroleum (ticker: APC) is an exploration and production company headquartered in The Woodlands, Texas. Anadarko has operations in the United States, Gulf of Mexico, Africa, South America, and New Zealand. As of December 31, 2015, the company had approximately

Resolute Announces $110 Million Midstream Sale, Potential for More Drilling

July 8, 2016

Resolute Energy sold off midstream assets for a $50 million payment and up to $60 million in earn-out payments Resolute Energy Corporation (ticker: REN) announced an agreement to sell certain Permian Basin midstream assets for roughly $110 million. The purchaser — an undisclosed Permian Basin midstream company – entered into a series of agreements with Resolute and an existing minority

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