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Earthstone to Enter the Permian; Inks Deal to Acquire Lynden Energy

Earthstone Energy, Inc. and Lynden Energy Corp. announced a definitive agreement whereby Earthstone will acquire Lynden in an all-stock transaction.&



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Top  Operators ( Jan 1, 2016 - May 03, 2016)

Laredo Petroleum Inc. ( 23 )   

Parsley Energy Inc. ( 19 )   

Pioneer Natural Resources Co. ( 18 )   

Crownquest Operating, Llc. ( 17 )   

American Energy Permian Basin, LLC ( 16 )   

Encana Corporation ( 15 )

Occidental Petroleum Corporation ( 11 )

Diamondback Energy, Inc. ( 11 )

 Drilling Permits Trends ( Jan 2015 - May 2016)

Drilling Permits ( April 03, 2016 - May 03, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
04-22-2016 Crownquest Operating, Llc. Glasscock Ingram Farms A 54 Spraberry ( Trend Area )
04-22-2016 Hannathon Petroleum Llc Howard Click 26 1 Spraberry ( Trend Area )
04-22-2016 Hannathon Petroleum Llc Howard Click 14 1 Spraberry ( Trend Area )
04-21-2016 Energen Corp. Glasscock Pecos Sn 43-31 03 203h Spraberry ( Trend Area )
04-21-2016 Energen Corp. Glasscock Pecos Sn 43-31 02 202h Spraberry ( Trend Area )
04-20-2016 Parsley Energy Inc. Reagan Julie Hughes 8 4401h Unknown At This Time
04-19-2016 Diamondback Energy, Inc. Howard Tree Frog 47 Unit 7wa Spraberry ( Trend Area )
04-19-2016 Laredo Petroleum Inc. Reagan Sugg-a- 1858nm Spraberry ( Trend Area )
04-19-2016 Laredo Petroleum Inc. Reagan Sugg-a- 1856nu Spraberry ( Trend Area )
04-18-2016 Encana Corporation Howard Guitar 8x 7h Spraberry ( Trend Area )




Cline Shale Overview



What is the Cline Shale?

The Cline Shale an emerging unconventional resource play on the eastern flank of the Midland basin that runs 140 miles north to south and is 70 miles wide, including portions of Coke, Fisher, Glasscock, Howard, Irion, Nolan, Mitchell, Scurry and Sterling counties. 

The Pennsylvanian-age play, which is largely targeted for its oil and natural gas liquids (NGL) potential, is found between 9,000-9,500 feet and is 200-350 feet thick. Initial estimates indicate the Cline…

 Cline Shale Map



Latest Midstream Projects
Project Name Completion date Capacity (MBOPD)
Cline Shale Pipeline System  - -
Total   -
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  Cline Shale - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
12/17/2015 Earthstone to Enter the Permian; Inks Deal to Acquire Lynden Energy --- M&A
06/09/2014 Victory Energy Closes Sale of Working Interest in Glasscock County $4 Property
04/30/2014 EQT, Range Resources Finalize Permian, Marcellus Asset Exchange $145 Asset
01/24/2014 Athlon Energy Acquires Midland Basin Assets For $88 million $88 Asset
11/04/2012 Three Rivers Acquires Permian - Midland Asset --- Asset
08/01/2012 Devon Energy Announces $1.4 Billion Wolfcamp and Cline JV $1,400 JV
05/13/2012 Concho Resources Inc. to Acquire Oil & Gas Assets in the Permian Basin $1,000 M&A
06/16/2011 Laredo Petroleum To Acquire Cline Shale Acreage Holder Broad Oak Energy $1,000 M&A
 
Cline Shale Strats, Maps, Type Logs and More
Permian Basin - Mutliple Pay Zone
Wolfcamp and Cline Zones
Geology
Cline and Wolfcamp View