PDC Energy, an independent E&P company headquartered in Denver, next year expects a 25 percent production increase for its operations in Colorado’s Wattenberg Field and the Delaware Basin in Texas. It plans capital investments of up to $920 million. …read more
The energy sector – and oil field services in particular – is changing and reacting to news every day. Check here often as we post the latest news and insight of importance to the industry.
Oasis Petroleum is no longer a pure-play Bakken producer. Through its acquisition of 20,300 net acres in the Delaware Basin, the Oasis team now has operations in the core acreage of the leading U.S. shale oil plays. …read more
In a deal valued at $93.7 million, Eclipse Resources will acquire 44,500 acres in the Utica shale of north central Pennsylvania from Travis Peak Resources. An Eclipse subsidiary is also buying $18.3 million of midstream assets in the region. …read more
The demand for proppant during times of high oilfield activity has created several services, technologies or trends,from proppant delivery infrastructure to the opening of idled sand mines. Railtronix is now bringing data to proppant suppliers. …read more
The combination of Denver-based exploration and production firm Bill Barrett Corp. with Fifth Creek Energy could create a major, pure-play DJ Basin producer in a deal valued at $649 million. …read more