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Texas Weekly O&G Report - 04/24/18

Written by Oseberg | Apr 24, 2018 11:00:00 AM

Texas Completions

  • Well completions remain primarily focused in the Permian, but we have seen a small uptick in activity along the OK/TX border. Let us know if we can show you what this activity may mean for the area.

Texas Intents to Drill 

  • EOG’s activity is split between the Eagle Ford and Delaware Basin. We continue to monitor their activity closely, and we will keep you apprised of any major developments.

  • Apache’s permits have been increasing as they continue to make inroads in the Alpine High play. Look out for future activity in the coming weeks!

Texas Transfer of Operator 

  • Our records indicate that CBP Operating recently made a large acquisition in the Permian, which may have gone under the radar for most.
  • This operator acquired wells from Turrentine Oil & Gas, Burk Royalty Co., and SMC Oil & Gas Inc. This large acquisition caused us to take a deeper dive in to who is CBP Operating?  Records indicate they opened shop in February 2018: are they someone to watch in the Permian? Let us know what you think!