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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 - May 30, 2016)

Anadarko Petroleum Corp ( 33 )   

Concho Resources, Inc. ( 19 )   

EOG Resources, Inc. ( 16 )   

Apache Corporation ( 16 )   

Royal Dutch Shell plc ( 14 )   

Cimarex Energy Co. ( 9 )

Bhp Billiton Pet(txla Op) Co ( 9 )

Occidental Petroleum Corporation ( 8 )

 Drilling Permits Trends ( Jan 2015 - May 2016)

Drilling Permits ( April 30, 2016 - May 30, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
05-24-2016 Thompson J Cleo Reeves White 30ne 2h Wolfbone ( Trend Area )
05-23-2016 Cog Operating Llc Reeves Timberwolf State Unit 1705h Wolfbone ( Trend Area )
05-23-2016 Cog Operating Llc Reeves Timberwolf State Unit 1702h Wolfbone ( Trend Area )
05-23-2016 Cog Operating Llc Reeves Timberwolf State Unit 1701h Wolfbone ( Trend Area )
05-23-2016 Cog Operating Llc Reeves Big Gipper State Unit 2506h Phantom ( Wolfcamp )
05-20-2016 Cog Operating Llc Reeves Big Gipper State Unit 2505h Phantom ( Wolfcamp )
05-19-2016 Thompson J Cleo Reeves White 30nw 1h Wolfbone ( Trend Area )
05-19-2016 Crossing Rocks Energy, Llc Reeves Hardin-simmons Cre 3 2 Worsham ( Swest Delaware )
05-19-2016 Cog Operating Llc Reeves Tycoon D 703h Wolfbone ( Trend Area )
05-19-2016 Cog Operating Llc Reeves Tycoon D 702h Wolfbone ( Trend Area )



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 Property
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