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Laredo Acquires Bolt-On Acreage Position in the Midland Basin

Laredo Petroleum, Inc. has signed a purchase and sale agreement for additional acreage within the Company's existing footprint in the Midland Basin for $125 million.



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Top  Operators ( Jan 1, 2016 - Sep 30, 2016)

Surge Energy Inc ( 43 )   

Laredo Petroleum Inc. ( 41 )   

Occidental Petroleum Corp ( 38 )   

Parsley Energy Inc. ( 36 )   

Pioneer Natural Resources Co. ( 32 )   

Permian Resources LLC. ( 27 )

Diamondback Energy, Inc. ( 26 )

Kinder Morgan Production Company Lp ( 25 )

 Drilling Permits Trends ( Jan 2015 - Sep 2016)

Drilling Permits ( August 31, 2016 - September 30, 2016)
Date Approved Company county Well Name Well type Field/Zone
09-06-2016 Callon Petroleum Co. Howard Colonial Unit 2ah Spraberry ( Trend Area )
09-08-2016 Energen Corp. Glasscock Daniel 38 1 Spraberry ( Trend Area )
09-19-2016 EP Energy Corp Reagan University Central 0810av Lin ( Wolfcamp )
08-31-2016 EP Energy Corp Reagan University Central 0112dh Lin ( Wolfcamp )
08-31-2016 EP Energy Corp Reagan University Central 0112bh Lin ( Wolfcamp )
09-16-2016 Laredo Petroleum Inc. Glasscock Lpi-schwartz 30 3 Garden City ( South Wolfcamp )
09-15-2016 Occidental Petroleum Corp Howard Waldron Eunice 1304 1wa Spraberry ( Trend Area )
09-15-2016 Occidental Petroleum Corp Howard Waldron Eunice 1302 1wa Spraberry ( Trend Area )
09-23-2016 Surge Energy Inc Howard Newton 06-43 1ah Spraberry ( Trend Area )
09-23-2016 Surge Energy Inc Howard Hamlin 19-18 8ah 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   -
 Click Here to More Projects

  Cline Shale - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
07/14/2016 Laredo Acquires Bolt-On Acreage Position in the Midland Basin $125 Acreage
01/24/2014 Athlon Energy Acquires Midland Basin Assets For $88 million $88 Property
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