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Granite Wash

The Texas Panhandle sky silhouettes a Linn Energy drilling rig in Wheeler County. (Linn Energy)

Linn produced more oil and gas in the first quarter despite a 65 percent spending cut

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Linn Energy continues to pump more oil and gas from the ground despite dramatic spending reductions, the company announced Wednesday.
(Photo: freegreatpicture.com)

Linn Energy is selling $2.3 billion in assets

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Proceeds from Linn’s sales will be to pay for $2.3 billion worth of assets it bought Devon Energy Corp.
A Linn Energy well in the Hugoton Basin.

Linn to buy $340M in assets from Pioneer, sell in Anadarko Basin

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HOUSTON — Linn Energy inked a $340 million deal to buy 235,000 net acres in the Hugoton Basin from Pioneer Natural Resources Co. and announced a $90 million sale in the Anadarko Basin. The deals, done by Linn Energy and its related LinnCo, are the latest in a string of acquisitions and sales the company […]
The Texas Panhandle sky silhouettes a Linn Energy drilling rig in Wheeler County. (Linn Energy)

Linn Energy buying Devon assets for $2.3 billion

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Houston’s Linn Energy has inked a deal to buy assets in five U.S. operating areas from Devon Energy Corp. for $2.3 billion.
A Petrohawk Energy Co. drilling site at the Eagle Ford Shale in McMullen County. (Jake Lacey)

Texas rig snapshot: Permian, EagleFord, Granite Wash and more

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There are 834 drilling rigs hunting oil and gas in Texas – 47.5 percent of U.S. rigs and 24 percent of drilling rigs worldwide, according to the latest Baker Hughes Rig Count. Most of the Texas rigs are working in five major fields.
A Petrohawk Energy Co. drilling site at the Eagle Ford Shale in McMullen County. (Jake Lacey)

Drilling rigs boom in Texas — and across the US

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In case you were wondering whether there was really an oil Renaissance happening in Texas, the state has 838 drilling rigs – about 47 percent of all U.S. rigs and 26 percent of drilling rigs worldwide.
A drilling site in the Haynesville Shale. (James Nielsen/Houston Chronicle file photo)

West Texas shale could dwarf Eagle Ford

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Texas is awash in oil and gas, with rigs proliferating from the Permian Basin to the Haynesville Shale. Now, another shale play in West Texas is causing a stir, with early estimates of recoverable reserves at 30 billion barrels of oil.
The sun sets behind a group of pump jacks June 1, 2011, outside of Midland, Texas. (Photo: Brett Coomer/Houston Chronicle)

Laredo snaps up Broad Oak, creating larger Permian player

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Joining of two private E&P firms creates a larger firm with a presence in Texas’ Permian Basin.