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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 - Jul 30, 2016)

Laredo Petroleum Inc. ( 35 )   

Parsley Energy Inc. ( 31 )   

Surge Operating, LLC ( 28 )   

Pioneer Natural Resources Co. ( 27 )   

Kinder Morgan Production Company Lp ( 24 )   

Permian Resources LLC. ( 22 )

Crownquest Operating, Llc. ( 22 )

Diamondback Energy, Inc. ( 22 )

 Drilling Permits Trends ( Jan 2015 - Jul 2016)

Drilling Permits ( June 30, 2016 - July 30, 2016)
Date Approved Company county Lease Well# Well type Field/Zone
07-15-2016 Energen Corp. Glasscock Daniel Sn 15-10 202h Spraberry ( Trend Area )
07-15-2016 Energen Corp. Glasscock Daniel Sn 15-10 C 102h Spraberry ( Trend Area )
07-14-2016 Diamondback Energy, Inc. Glasscock Saxon D 1102ls Spraberry ( Trend Area )
07-13-2016 XTO Energy Inc. Glasscock Berry 2005bh Spraberry ( Trend Area )
07-13-2016 XTO Energy Inc. Glasscock Berry 2006bh Spraberry ( Trend Area )
07-13-2016 XTO Energy Inc. Glasscock Berry 2007bh Spraberry ( Trend Area )
07-13-2016 XTO Energy Inc. Glasscock Berry 2008bh Spraberry ( Trend Area )
07-13-2016 XTO Energy Inc. Glasscock Berry 2015ah Spraberry ( Trend Area )
07-13-2016 XTO Energy Inc. Glasscock Berry 2016ah Spraberry ( Trend Area )
07-13-2016 XTO Energy Inc. Glasscock Berry 2017ah 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
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