Tag: Granite Wash

Linn Energy is selling $2.3 billion in assets

Proceeds from Linn’s sales will be to pay for $2.3 billion worth of assets it bought Devon Energy Corp.  More »

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

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 […]  More »

Linn Energy buying Devon assets for $2.3 billion

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.  More »

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

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.  More »

Drilling rigs boom in Texas — and across the US

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.  More »

West Texas shale could dwarf Eagle Ford

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.  More »

Laredo snaps up Broad Oak, creating larger Permian player

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