Top Story | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2017 | Private Equity Activity
Permian Basin E&P To Grow Rig Count From One To Six; Plan To Drill 70 Wells In 2017
Print
|
Today Riverstone-backed Centennial Resources Development provided the following 2017 guidance.
Acquisition Closure
The company closed the previously announced acquisition of leasehold interests and related upstream assets in Reeves County from Silverback on December 28, 2016. The transaction added approximately 35,500 net acres adjacent to Centennial’s existing position in Reeves County.
2017 Operational Plans and Targets
Centennial is targeting total company production growth of 191% during 2017.As of mid-February, Centennial achieved net oil production of approximately 10,000 Bbls/d, which represents a significant increase from 6,378 Bbls/d reported during the Successor 2016 period.
Centennial added a fifth rig in February and plans to add a sixth rig late in the second quarter of 2017…
- ✓ 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 Drilling Program - Wells Plan To Drill 2017 News
Permian Operator to Double 2018 CapEx, Grow Oil Production 20%
Here is a quick read through of Earthstone's 2018 drilling and completion plans. The table below shows that the company plan to grow its oil and equivalent production…
Samson Resources II Talks 5 Well Green River Basin Drilling Program
Samson Resources II, who recently emerged from bankruptcy, is launching a 5 well drilling program in Sweetwater county, Wyoming (The Green River Basin). The company believes it will…
Operator to Reduce Permian/Eagle Ford Activity in 2H17
EP Energy released its Q2 results and as a result of the volatilty in oil prices, the company has decided to reduce its activity for 2H17. Increased production…
Contango Increases 2017 Capital Plans; Delaware Basin Drilling
Contango has released its 2Q 17 financial and operational updates. Highlights include: Crude oil and natural gas liquids production was ~3,100 boe/d, 32% of total production. Natural gas…
Whitecap 64 Well Drilling Program Unchanged; Complete DUCs
Whitecap currently has 4 drilling rigs operational; 2 in west central Saskatchewan, 1 in southwest Saskatchewan and 1 in the Deep Basin area of Alberta. We anticipate drilling…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
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…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…