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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 - Feb 12, 2016)

Occidental Petroleum Corporation ( 11 )   

Pioneer Natural Resources Co. ( 7 )   

American Energy Partners ( 6 )   

EP Energy Corporation ( 5 )   

Parsley Energy Inc. ( 5 )   

CINNABAR OPERATING ( 4 )

Diamondback Energy, Inc. ( 4 )

Occidental Petroleum Corporation ( 3 )

 Drilling Permits Trends ( Jan 2015 - Feb 2016)

Drilling Permits ( January 13, 2016 - February 12, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
02-10-2016 Sojourner Drilling Corp. Fisher Coffman 1 Fgy ( Palo Pinto )
02-10-2016 Occidental Petroleum Corporation Reagan Marco 1603bu 1h Unknown At This Time
02-10-2016 Occidental Petroleum Corporation Reagan Marco 1603a 2h Unknown At This Time
02-10-2016 Occidental Petroleum Corporation Reagan Marco 1602bu 2h Unknown At This Time
02-10-2016 Occidental Petroleum Corporation Reagan Marco 1602a 1h Unknown At This Time
02-09-2016 Encana Corporation Howard Tubb 34 3408i Sta ( Atoka )
02-08-2016 CINNABAR OPERATING Glasscock Matthew A 7hw Spraberry ( Trend Area )
02-08-2016 CINNABAR OPERATING Glasscock James I A 27hw Spraberry ( Trend Area )
02-08-2016 Occidental Petroleum Corporation Howard Turnberry 2703 1wa Spraberry ( Trend Area )
02-08-2016 Hannathon Petroleum Llc Howard Morgan Ranch 3502 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
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