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News Date
Flotek patented technology boosts well performance
Flotek Industries reported that StimOil MB—its patented Complex nano-Fluid (CnF) technology customized for the Midland Basin—boosted performance during a 245-well study in the Wolfcamp A reservoir....
Mar 21, 2018
Halcón mulls adding a fourth rig in the Delaware Basin
Halcon Resources is currently running three rigs in the Delaware basin, and may add a fourth later in the year once its $200 million acquisition of 10,524 net acres in western Ward County, TX, from...
Mar 21, 2018
Matador to run six rigs in Delaware Basin this year
Matador Resources will run six rigs across its Delaware basin holdings this year, with three rigs in the Rustler Breaks area, one in the Antelope Ridge area, one in the Wolf and Jackson Trust asset...
Mar 21, 2018
Parsley plans 160 Permian Basin wells with $1.5B spend
Parsley Energy issued guidance for 2018 that will see the company spend $1.35-1.55 billion in 2018 to drill and turn online 160 Permian Basin wells. Of these, about 120 will target pay in the Midland...
Mar 21, 2018
Penn Virginia turns two Eagle Ford pads online
Penn Virginia drilled and turned to sales nine wells (5.3 net) in Q4, all in the Eagle Ford. Among the most notable were two at the Geo Hunter pad, which had a 24-hour IP of 5,465 boe/d. This...
Mar 21, 2018
QEP to make the move to pure-play Permian operator
QEP Resources has launched a number of strategic initiatives to transition to a pure-play Permian Basin company, hiring financial advisors to help it sell its Williston and Uinta Basin assets. The...
Mar 21, 2018
ConocoPhillips takes slow & steady route to shale
ConocoPhillips took a different approach in the Eagle Ford and Permian Basin than its competitors by taking a wait-and-see attitude. “We didn’t drill our brains out like some of our competitors,”...
Mar 21, 2018
EP Energy to boost Eagle Ford output after Carrizo buy
EP Energy closed out 2017 having completed 53 wells in the Eagle Ford, with 14 of those in 4Q17. The company expanded its Eagle Ford horizontal well inventory by 200 locations with its acquisition of...
Mar 21, 2018
Lonestar upbeat on Hawkeye potential in Gonzales Co.
Lonestar Resources’ Hawkeye property in Gonzales County, TX, has started producing. The Hawkeye #1H-Lonestar (10,910-ft lateral) was stimulated over 36 stages using 1,810 lbs of proppant per lateral...
Mar 21, 2018
Oasis doubles drilling inventory with Delaware buy
Oasis Petroleum more than doubled its drilling inventory in January to 1,092 net undeveloped drilling locations from 483 locations previously. The company did so via a $946 million acquisition of...
Mar 21, 2018

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