News and Analysis
Activity
Companies
Capital, Finance
Midstream Activities

WPX Enters the Permian; Acquires RKI Exploration

Closing Announcement - August 17, 2015

WPX Energy has announced that it has successfully closed the purchase of privately held RKI Exploration & Production, LLC.

With the merger com



Get the latest Avalon Shale news in your inbox each day.
Top  Operators ( Jan 1, 2016 - May 04, 2016)

Anadarko Petroleum Corp ( 24 )   

Royal Dutch Shell plc ( 13 )   

EOG Resources, Inc. ( 11 )   

Apache Corporation ( 11 )   

Occidental Petroleum Corporation ( 8 )   

BHP Billiton Limited ( 8 )

Concho Resources, Inc. ( 8 )

Resolute Energy Corporation ( 7 )

 Drilling Permits Trends ( Jan 2015 - May 2016)

Drilling Permits ( April 04, 2016 - May 04, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
04-22-2016 Anadarko Petroleum Corp Loving Eleventh Hour 54-2-17 Unit 1h Phantom ( Wolfcamp )
04-22-2016 Anadarko Petroleum Corp Reeves Teton 56-2-26 Unit D 1h Phantom ( Wolfcamp )
04-21-2016 BHP Billiton Limited Reeves State Mj Mcgary 56-t2-32 1h Phantom ( Wolfcamp )
04-21-2016 PANTHER EXPLORATION, Reeves Boone 18 1h Wolfbone ( Trend Area )
04-20-2016 Clayton Williams Energy Inc. Reeves Collier 34-51 1h Hoefs T-k ( Wolfcamp )
04-20-2016 Bta Oil Producer Llc Reeves 21601 Blacktop 1h Phantom ( Wolfcamp )
04-19-2016 Royal Dutch Shell plc Loving Bonnethead 53-2-5 Lov 1h Phantom ( Wolfcamp )
04-15-2016 Concho Resources, Inc. Reeves Worsham 6-15 1505h Wolfbone ( Trend Area )
04-14-2016 Concho Resources, Inc. Reeves Phoenix Unit 7601h Hoefs T-k ( Wolfcamp )
04-14-2016 Three Rivers Operating Co III LLC Reeves Broken Spoke Swd 1 Ford ( West St Wolfcamp )



Avalon Shale Overview



The Avalon Shale, which extends essentially across the entire Delaware Basin, is a member of the Permian-aged Bone Spring formation of the Leonardian geologic series. It is sandwiched betweenthe Delaware Sands and 1st Bone Spring Carbonate above and the 1st Bone Spring Sand below at depths ranging from 6,500 – 9,000’.

The Avalon covers largely the same area as the 1st Bone Spring and its name is occasionally used by some operators to refer to either or both…

 Avalon Shale Map



Latest Midstream Projects
Project Name Completion date Capacity (MBOPD)
Toyah I Natural Gas Processing Plant  - -
Ramsey III System  - -
Cactus Pipeline Capacity Increase  - -
Ramsey II Processing Facility  - -
  - -
Red Bluff Project  - -
Total   -
 Click Here to More Projects

  Avalon Shale - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
07/14/2015 WPX Enters the Permian; Acquires RKI Exploration $2,750 M&A
12/28/2012 Mexco Energy Snaps Up Bakken, Permian Interests $1 Asset
09/12/2012 Shell Acquires Permian Assets from Chesapeake $1,935 Asset
09/12/2012 Chevron Agrees to Acquire Delaware Basin Acreage --- Asset
04/05/2011 Energen Unit Adds to Bone Spring/Avalon Acreage Position $37 Asset
01/06/2011 Energen Unit Adds to Bone Spring/Avalon Acreage Position $15 Asset
 

Avalon Shale Transactions By Month ($MM)

Avalon Shale Strats, Maps, Type Logs and More
Delaware Basin Strat
Permian : Wolfcamp : Delaware : Bone Spring : Spraberry : Wolfberry : Leonard
Avalon Shale / Trend