Tags » Permian

Weil Guides WPX In $2.35B Deal For RKI Exploration

Oil and gas producer WPX Energy Inc. said Tuesday it has agreed to buy the Permian Basin assets of RKI Exploration & Production LLC for $2.35 billion in a deal led by Weil Gotshal & Manges LLP, as the company continues to shift its portfolio to focus on oil. 31 more words

Permian

WPX Energy storms the Permian Basin with $2.75 billion deal for RKI Exploration


U.S. independent producer WPX Energy on Tuesday announced its acquiring privately-held RKI Exploration & Production for $2.75 billion including the assumption of $400 million of debt.The majority of RKI’s leasehold is located in the Permian Basin, the Delaware Basin located Loving County, Texas, and Eddy County, New Mexico, where the company has four rigs deployed.RKI’s liquids-rich assets include roughly 22,000 barrels of oil-equivalent per day (BOE/d) of existing production, more than half of which is oil; approximately 92,000 acres in the core of the Delaware – with roughly 98% held by production; more than 3,600 drilling locations across stacked pay intervals; and more than 375 miles of scalable gas gathering and water infrastructureThe acquisition metrics include roughly $1.1 billion for the existing production at $50,000 per flowing barrel, approximately $500 million for the established midstream infrastructure, which equates to an average of $12,500 per acre – or $1.15… 8 more words

Cee's Black and White Photo Challenge: Ground

For Cee’s Black and White Photo Challenge this week, we are looking at the ground. I often find the ground quite interesting because it is full of history. 332 more words

Outdoor Adventures

The origin and early radiation of archosauriforms as told by footprints

Earlier we looked at the origin of the antorbital fenestra in archosauriforms and the early radiation of that clade in the Late Permian as demonstrated by a series of skulls. 744 more words

Reptile Family Tree

U.S. Shale Oil Boom Grinds to a Halt as OPEC Keeps Pumping - Bloomberg Business

The shale oil boom that turned the U.S. into the world’s largest fuel exporter and brought $3 gasoline back to America’s pumps is grinding to a halt. 201 more words

Eagle Ford

Pioneer to ramp up drilling in Permian Basin - MRT.com

Proceeds from the sale of the Eagle Ford Shale Midstream business by Pioneer Natural Resources and Reliance Holding USA Inc. will find their way to the Permian Basin. 296 more words

Eagle Ford