By Offshore Energy Today Tidewater, one of the world’s largest offshore vessel owners, has had its reorganization plan, which would eliminate $1.6 billion in debt, confirmed by the court. According to Tidewater, the United States Bankruptcy Court for the District of Delaware has confirmed the company’s reorganization plan announced in May (http://bit.ly/2q99UnA), that, among other…
Blackstone Energy Partners LP, an affiliate of multinational private equity firm Blackstone Group LP, has partnered with a seasoned oil and gas executive and a producing firm to target acreage in the Midland and Delaware basins of West Texas and southern New Mexico. Read Full Article Here For more great articles: Oil & Gas Journal…
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 & Gas Journal…
EagleClaw Midstream Ventures LLC, Midland, Tex., has entered a deal to acquire Houston-based PennTex Midstream Partners LLC subsidiary PennTex Permian LLC as part of an ongoing strategy to expand gathering, compression, treating, processing, and transportation services for producers in the Permian’s Delaware basin. Read Full Article Here For more great articles: Oil & Gas Journal…
Devon Energy Corp., Oklahoma City, now says it plans to add as many as 7 operated rigs to its acreage in the STACK play of Oklahoma and Delaware basin of Texas during the second half, with resulting incremental production seen in early 2017. Read Full Article Here For more great articles: Oil & Gas Journal…
Silver Run Acquisition Corp., Houston, has agreed to acquire a controlling interest in Centennial Resources Production LLC and expects to be renamed Centennial Resource Development Corp. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Contango Oil & Gas Co. has agreed to buy interests in about 12,100 gross undeveloped acres in the southern Delaware basin of Texas from a private oil and gas company for as much as $25 million. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
By Offshore Energy Today Hercules Offshore, a shallow-water offshore drilling contractor, has filed for bankruptcy protection again. The U.S.-based offshore driller filed for bankruptcy in a Delaware court on Monday, June 6. Under the terms of the Plan, all of the Company’s assets will be marketed for sale, and those left unsold at the completion…
Parsley Energy Inc., Midland, Tex., has agreed to acquire mineral rights on 29,813 acres in the Southern Delaware basin with an average royalty interest of 17.5% for $280.5 million in cash. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Oryx Midstream Services LLC operating subsidiary Oryx Southern Delaware Oil Gathering & Transport LLC has launched an additional binding open season to secure volume commitments or acreage dedications supporting a 120-mile extension of its Oryx Trans Permian (OTP) crude oil gathering and transportation project into the liquids-rich southern Delaware basin in Texas. Read Full Article…