Top Story | Field Development
Private Operators Combine, Set to Commence Drilling Louisiana Austin Chalk JV
Print
|
Prime Rock Resources, an upstream portfolio company of Lime Rock Partners, and New Dawn Energy have agreed to jointly develop certain assets contributed by each company in central Louisiana targeting the emerging Austin Chalk play.
The development area covers approximately 120,000 net acres in Allen, Avoyelles, Beauregard, Rapides and Vernon Parishes, primarily in the legacy Masters Creek Field.
As part of the agreement, Prime Rock and New Dawn have established an area of mutual interest in which the companies will work together to jointly acquire additional acreage. The parties expect initial development under the agreement to begin during Q4 2019.
Manny Sirgo, President and Chief Executive Officer for Prime Rock Resources, said: "Prime Rock is pleased to partner with New Dawn in Masters…
- ✓ 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 - Joint Development Agreement News
Chevron Sanctions GOM Ballymore Project; 75,000 BPD
Chevron Corp. has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day,…
Shell to Exit JV Projects with Gazprom, End Involvement in Nord Stream 2 Pipeline
The Board of Shell plc announced its intention to exit its joint ventures with Gazprom and related entities, as well as end its involvement in the Nord Stream…
APA Corp. Signs $3.5B PSC Deal with Egyptian Parliament
APA Corp. has announced the signing of an agreement to modernize and consolidate the company's current Production Sharing Contracts (PSCs) with Egypt's Ministry of Petroleum and Mineral Resources…
Whitecap Resources Inks MOU for Carbon Capture Storage
Whitecap Resources Inc. has signed a memorandum of understanding (MOU) with Federated Co-operatives Limited (FCL) to use Whitecap’s expertise in carbon capture utilization and storage (“CCUS”) to assist…
Chevron, Enterprise Partner for Carbon Capture in MidCon, Gulf Coast
Chevron, through its Chevron New Energies division, and a subsidiary of Enterprise Products Partners have partnered to study and evaluate opportunities for carbon dioxide (CO2) capture, utilization, and…
Ark-La-Tex 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…
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…
Gulf Coast News
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…
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
Silver Hill Energy Partners has acquired 100 percent of 1776 Energy’s South Texas oil and gas assets, significantly expanding its operated footprint across the Eagle Ford and Austin…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…