Daily Archives: August 24, 2016

BOEM offers 4399 offshore blocks. Attracts bids for 24

Rate this article By Offshore Energy Today U.S. Bureau of Ocean Energy Management (BOEM) on Wednesday held a lease sale offering acreage in 4399 blocks across 23.8 million acres million in the Gulf of Mexico, offshore Texas. The Lease Sale 248, as it was officially called, attracted 24 bids from only three oil and gas…

PDC Energy enters Delaware basin in $1.5-billion deal

Rate this article PDC Energy Inc., Denver, has agreed to acquire two privately held units managed by energy-focused privately equity firm Kimmeridge Energy Management Co. LLC, including 57,000 net acres in Reeves and Culberson counties in Texas, with average working interest of 93%, for $1.5 billion. Read Full Article Here For more great articles: Oil…