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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 - Aug 26, 2016)

Laredo Petroleum Inc. ( 37 )   

Surge Energy Inc ( 37 )   

Parsley Energy Inc. ( 35 )   

Pioneer Natural Resources Co. ( 32 )   

Kinder Morgan Production Company Lp ( 24 )   

Permian Resources LLC. ( 22 )

Crownquest Operating, Llc. ( 22 )

Diamondback Energy, Inc. ( 22 )

 Drilling Permits Trends ( Jan 2015 - Aug 2016)

Drilling Permits ( July 27, 2016 - August 26, 2016)
Date Approved Company county Well Name Well type Field/Zone
08-23-2016 Energen Corp. Glasscock Daniel Sn 15-10 A 101h Spraberry ( Trend Area )
08-23-2016 Broad Oak Energy, Inc. Irion Farmar D N542hm Lin ( Wolfcamp )
08-23-2016 Veritas Energy Llc Howard Denton 3 Sta ( Atoka )
08-19-2016 Parsley Energy Inc. Reagan Bates 31-43 4301h Unknown At This Time
08-19-2016 Parsley Energy Inc. Reagan Kathryn `43-42` 4407h Unknown At This Time
08-18-2016 Surge Energy Inc Howard Fryar Unit B 13-12 8ah Spraberry ( Trend Area )
08-18-2016 Surge Energy Inc Howard Mozetti 37-48 2ah Spraberry ( Trend Area )
08-18-2016 Discovery Natural Resources LLC Glasscock Terry B 3y Garden City ( South Wolfcamp )
08-18-2016 Discovery Natural Resources LLC Glasscock Terry B 4c Garden City ( South Wolfcamp )
08-18-2016 Discovery Natural Resources LLC Glasscock Terry B 4f Garden City ( South Wolfcamp )




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