Top Story | Partnerships
PE-Backed Haynesville Operator Signs 15 Well Per Year Drilling Venture
Print
|
Black Stone Minerals said it has signed a development agreement with PE-backed Aethon Energy with respect to the Company’s undeveloped Shelby Trough Haynesville and Bossier shale acreage in Angelina County, Texas. The agreement calls for a minimum of four wells to be drilled in the initial program year, which begins in the third quarter of 2020, increasing to a minimum of 15 wells per year beginning with the third program year.
“We are excited to partner with Aethon, one of the most experienced operators in the Haynesville Shale, to restart development of this important, high-net interest area for Black Stone,” stated Thomas L. Carter, Jr., Black Stone Minerals’ Chairman and Chief Executive Officer. “The Shelby Trough holds enormous resource potential, and our deal with Aethon positions…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Deals - DrillCo News
Appalachian E&P Signs 60 Well Drilling Partnership with Large PE Firm
Drilling Partnership Announcement Antero announced the formation of a $500 to $550 million drilling partnership with QL Capital Partners ("QL"), an affiliate of Quantum Energy Partners. Under the…
Whiting Ups Drilling Plans; Flush With New Capital
Whiting has entered into a new 30-well participation agreement in its Pronghorn area.
Seneca, IOG Capital Grow Marcellus JV; Bolster Development
It includes a commitment to develop additional Marcellus Shale natural gas assets located in Elk, McKean and Cameron counties in north-central Pennsylvania.
Hunt Oil/TSSP Signs JV For Midland Basin Develpment
TSSP and Hunt Oil Company have announced an agreement to develop certain of Hunt Oil's assets in the Midland Basin in Texas.
Whiting Gets Partner To Help Drill/Complete Bakken Wells
Whiting entered into a wellbore participation agreement with a private party who will pay ..
Ark-La-Tex News
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Diversified Energy Striking While the Iron is Hot in East Texas
Transaction Summary Diversified Energy has entered into a definitive purchase and sale agreement to acquire high-working interest, natural gas producing assets in East Texas from Sheridan Production for…
Mitsubishi to Buy Aethon for ~$5.2B, Taking Scaled Haynesville Gas Platform
Mitsubishi Corporation has agreed to acquire Aethon (Aethon III LLC, Aethon United LP and related entities) for a total equity investment of approximately $5.2 billion, delivering Mitsubishi a…
Amplify Exits Haynesville and Cotton Valley
Amplify Energy announced a series of transactions that will result in a complete exit from its interests in East Texas for total anticipated combined consideration of $127.5 million.…