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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



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Top  Operators ( Jan 1, 2016 - Jun 25, 2016)

Anadarko Petroleum Corp ( 38 )   

Royal Dutch Shell plc ( 22 )   

Concho Resources, Inc. ( 22 )   

Energen Corp. ( 19 )   

EOG Resources, Inc. ( 17 )   

Apache Corporation ( 16 )

Cimarex Energy Co. ( 9 )

BHP Billiton Limited ( 9 )

 Drilling Permits Trends ( Jan 2015 - Jun 2016)

Drilling Permits ( May 26, 2016 - June 25, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
06-16-2016 Arris Operating Company Reeves Triangle 75 2h Phantom ( Wolfcamp )
06-16-2016 Concho Resources, Inc. Reeves Tycoon G Unit 1251h Wolfbone ( Trend Area )
06-16-2016 Energen Corp. Reeves Longfellow Unit 3-13 601h Phantom ( Wolfcamp )
06-16-2016 Energen Corp. Reeves Quarterback State 3-4 701h Phantom ( Wolfcamp )
06-16-2016 Energen Corp. Reeves Longfellow Unit 3-13 702h Phantom ( Wolfcamp )
06-16-2016 Energen Corp. Reeves Longfellow Unit 3-13 701h Phantom ( Wolfcamp )
06-15-2016 Resolute Energy Corporation Reeves James 02 01sw Phantom ( Wolfcamp )
06-15-2016 Energen Corp. Reeves Desperado State Unit C19-21-18 605h Phantom ( Wolfcamp )
06-14-2016 Royal Dutch Shell plc Loving Roan 53-2 Lov Unit 2008h Phantom ( Wolfcamp )
06-14-2016 Royal Dutch Shell plc Loving Roan 53-2 Lov Unit 2007h Phantom ( 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
09/12/2012 Shell Acquires Permian Assets from Chesapeake $1,935 Property
09/12/2012 Chevron Agrees to Acquire Delaware Basin Acreage --- Property
04/05/2011 Energen Unit Adds to Bone Spring/Avalon Acreage Position $37 Property
01/06/2011 Energen Unit Adds to Bone Spring/Avalon Acreage Position $15 Property
 

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