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Panhandle Ups Production in Fiscal 4Q; Cuts Debt

Panhandle Oil and Gas Inc. has reported financial and operating results for the fiscal year ended Sept. 30, 2015, and for the fiscal fourth quarter.



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Top  Operators ( Jan 1, 2016 - Feb 12, 2016)

BP Plc ( 1 )   

Chesapeake Energy Corporation ( 1 )   

 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
01-19-2016 BP Plc Hemphill Buckthal B 4057h Hemphill ( Granite Wash. )

Granite Wash Rig Activity : Source Baker Hughes
  Last Count Count Change from Prior Count Date of Prior Count Change from Last Year Date of Last Year's Count
All Jan 29, 2016 13 -1 Jan 22, 2016 -27 Jan 30, 2015
HORIZONTAL Jan 29, 2016 11 -1 Jan 22, 2016 -26 Jan 30, 2015
GAS Jan 29, 2016 6 -1 Jan 22, 2016 -14 Jan 30, 2015
OIL Jan 29, 2016 7 0 Jan 22, 2016 -13 Jan 30, 2015


Granite Wash Overview



The Granite Wash is a tight-gas play located in the Anadarko Basin, which spans across the Texas Panhandle and southern Oklahoma. The play is generally known for its deep natural gas resources, which can be found at depths up to 17,000 feet.

 

 Granite Wash Map



  Granite Wash - Mergers & Acquisitions

Announce DateHeadlineBuyerSellerValue $MMType
11/17/2014 Forest Oil to Shed Arkoma Basin Properties $185 Property
10/03/2014 LINN Energy Sells Granite Wash, Cleveland Assets for $1.95 Billion $1,950 Asset
07/30/2014 Newfield Finalizes Sale of Granite Wash Property $588 Property
05/07/2014 EnerVest, Fourpoint to Jointly Acquire Granite Wash Property $275 Property
05/06/2014 QEP to Sell Three Assets in Mid-Continent, Williston Basin $807 Property
05/06/2014 Sabine, Forest Oil Finalize All-Stock Merger Deal --- M&A
11/14/2013 Lighthouse Oil and Gas Closes on Granite Wash Property --- Property
11/08/2013 Eagle Energy Trust Bolts On Granite Wash Assets $26 A&D
11/07/2013 EnerVest Finalizes Deal for SM Energy's Anadarko Basin Assets $329 Property
10/03/2013 Forest Oil Lets Go of TX Panhandle Assets $944 Asset
 
Granite Wash Strats, Maps, Type Logs and More
Generalized Cross-Section of Anadarko Basin
Anadarko Basin Stratigraphy Chart
Granite Wash Stack Play
The Texas Panhandle Fairway: Stacked Pay Zones
Granite Wash Map