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LINN Talks Sale of Panhandle Assets; Growth in the Hugoton

On October 3, 2014, the Company announced the sale of its position in the Granite Wash and Cleveland plays to privately held institutional affiliates of EnerVest, Ltd. and FourPoint Energy, LLC.



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 Drilling Permits Trends ( Dec 2013 - Dec 2014)

Granite Wash Rig Count


Rig Count as of:             Change From             Change From
   12/05/2014                    Prior Week                    Year ago
Baker Hughes Rig Count


  TOTAL 4 1
  HORIZONTAL Rigs 4 1
  VERTICAL Rigs 0 0


  Active Companies & profiles
Granite Wash Companies >>
  Company Capex - 2014
Apache Corp. plans to spend XXXXXX to drill & frac XXXXXX wells in the Granite Wash in 2014. The company plans to operate XXXXXX rigs.

Chesapeake Energy Corporation plans to spend XXXXXX to drill & frac XXXXXX wells in the Granite Wash in 2014. The company plans to operate XXXXXX rigs.

Linn Energy Llc plans to spend XXXXXX to drill & frac XXXXXX wells in the Granite Wash in 2014. The company plans to operate XXXXXX rigs.

Unit Corp. plans to spend XXXXXX to drill & frac XXXXXX wells in the Granite Wash in 2014. The company plans to operate XXXXXX rigs.

Sabine Oil & Gas Llc plans to spend XXXXXX to drill & frac XXXXXX wells in the Granite Wash in 2014. The company plans to operate XXXXXX rigs.

Samson Resources Company plans to spend XXXXXX to drill & frac XXXXXX wells in the Granite Wash in 2014. The company plans to operate XXXXXX rigs.

More Capital Budgets 2014

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.

Companies with the highest Granite Wash acreage holdings include Apache, Chesapeake and Forest Oil.

 

 Granite Wash Map



 Granite Wash Rig Data : December 20, 2014


Drilling Trends from May 4, 2011 - December 20, 2014
Granite Wash Rig Data By County

  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
06/05/2014 Rose Rock Acquires Chesapeake Midstream Assets --- Asset
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
 

Granite Wash Transactions By Month ($MM)

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