Tags » Permian

Patriot Begins Drilling in the Permian

Dallas-based oil and gas company Patriot Energy said Tuesday it has begun drilling operations at its 440-acres Thoroughbred-1 prospect, in eastern Permian Basin, West Texas, Kallanish Energy understands.The Thoroughbred-1 well targets multiple potential pay zones including the Strawn Lime, Cline shale, Cisco sands, Triple M Credo, Middle Wolfcamp and Albaugh. 102 more words

Pre-reptile may be earliest known to walk upright on all fours

A newly published analysis of the bones ofBunostegos akokanensis, a 260-million-year-old pre-reptile, finds that it likely stood upright on all-fours, like a cow or a hippo, making it the earliest known creature to do so. 847 more words


Coelurosauravus bone identification error

A recent paper
by (Bulanov and Sennikov 2015) reinterpreted and misidentified one posterior skull bone of Coelurosauravus, the helmeted Permian glider (Figs. 1, 2). 269 more words

Reptile Family Tree

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


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