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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 29, 2016)

Laredo Petroleum Inc. ( 28 )   

Pioneer Natural Resources Co. ( 27 )   

Parsley Energy Inc. ( 26 )   

American Energy Permian Basin, LLC ( 22 )   

Crownquest Operating, Llc. ( 22 )   

Diamondback Energy, Inc. ( 19 )

Surge Operating, LLC ( 16 )

Encana Corporation ( 15 )

 Drilling Permits Trends ( Jan 2015 - May 2016)

Drilling Permits ( April 29, 2016 - May 29, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
05-24-2016 Pioneer Natural Res Usa Inc Glasscock Flanagan 14-lloyd B 14h Spraberry ( Trend Area )
05-24-2016 Pioneer Natural Res Usa Inc Glasscock Flanagan 14-lloyd B 13h Spraberry ( Trend Area )
05-24-2016 Pioneer Natural Res Usa Inc Glasscock Flanagan 14-lloyd B 12h Spraberry ( Trend Area )
05-24-2016 Parsley Energy Operations Llc Reagan Natalie 44 1d Spraberry ( Trend Area )
05-23-2016 Diamondback E&p Llc Glasscock Ray 3427 B 5wa Spraberry ( Trend Area )
05-23-2016 Diamondback E&p Llc Glasscock Ray 3427 A 4wa Spraberry ( Trend Area )
05-20-2016 Enterprise Products Oper Fisher Ch-136 1cp Wildcat ( )
05-20-2016 Plains Pipeline Lp Howard Mary Foster Pl0416a 1cp Wildcat ( )
05-19-2016 Crownquest Operating Llc Glasscock Marlin 32 1 Spraberry ( Trend Area )
05-19-2016 Atoka Operating Inc Sterling Cousins 4 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 Property
01/24/2014 Athlon Energy Acquires Midland Basin Assets For $88 million $88 Property
11/04/2012 Three Rivers Acquires Permian - Midland Asset --- 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