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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 - Feb 12, 2016)

Anadarko Petroleum Corp ( 9 )   

Matador Resources Company ( 6 )   

Cimarex Energy Co. ( 5 )   

Apache Corporation ( 5 )   

EOG Resources, Inc. ( 5 )   

Occidental Petroleum Corporation ( 5 )

Royal Dutch Shell plc ( 5 )

BHP Billiton Limited ( 4 )

 Drilling Permits Trends ( Jan 2015 - Feb 2016)

Drilling Permits ( January 13, 2016 - February 12, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
02-10-2016 Matador Resources Company Loving Johnson 44-02s-b53 Wf 123h Two Georges ( Bonespring )
02-10-2016 Matador Resources Company Loving Johnson 44-02s-b53 Wf 122h Two Georges ( Bonespring )
02-09-2016 Energen Corp. Loving Hogback State Unit 33-76 701h Phantom ( Wolfcamp )
02-09-2016 BHP Billiton Limited Reeves State Whiteacre 57-t3-44 1h Phantom ( Wolfcamp )
02-08-2016 Cimarex Energy Co. Reeves Wood State 57-26 Unit G 7h Phantom ( Wolfcamp )
02-08-2016 BHP Billiton Limited Reeves Cherry Pie 57-t1-20 1h Phantom ( Wolfcamp )
02-05-2016 Royal Dutch Shell plc Loving University 19 B 2304h Phantom ( Wolfcamp )
02-05-2016 Royal Dutch Shell plc Loving Hall 33-93 Lov 1h Phantom ( Wolfcamp )
02-05-2016 BHP Billiton Limited Reeves State Apache 56-57-t3 1202h Phantom ( Wolfcamp )
02-03-2016 Royal Dutch Shell plc Loving University 19 A 2303h 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)
Ramsey III System  - -
Cactus Pipeline Capacity Increase  - -
Ramsey II Processing Facility  - -
  - -
Red Bluff Project  - -
DCP Sandhills Pipeline  - -
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