Texas Transfer of Operator

• Citation Oil and Gas is the highlight of this week’s transfer activity with their acquisition in the Permian Basin from ConocoPhillips and multiple other operators.
• Citation’s acquisition increases their position in West Texas.

Texas Intents to Drill

• Intents to drill continue to be focused in the Permian Basin and the Eagleford.
• Pioneer Natural Resources has been increasing drilling activity in the Permian Basin. They are focused in Midland, Martin, and Upton counties.
• Apache Corporation’s intent to drills have been slowing down in the past week.

Texas Completions 

• Kinder Morgan continues to be the most active operator in the Permian Basin in terms of completions.
• Layline Energy has been recompleting wells along the Oklahoma / Texas border.
• Burlington Resources activity has been focused in the Eagleford Basin.