Exploration & Production | Drilling & Completions | Well Cost | Deals - Joint Ventures | Top Story
Rex Amps Up Marcellus JV; More Capital, More Wells
Print
|
Rex Energy Corporation provided an update on its Moraine East Joint Development Agreement and Appalachian Basin operations.
Operational Update Moraine East Area Joint Development AgreementIn the Moraine East Area, the company's joint development partner, Benefit Street Partners L.L.C. has elected into the next 12 wells in the development program. BSP's election increases the total capital commitment to date by BSP from $51.6 million to $98.1 million and BSP's total well participation in the Moraine East Area to 30 wells. With the additional capital commitment from BSP, the company expects full year 2016 net operational capital expenditures to be approximately $35.5 million.
"The increased $45.7 million capital commitment from BSP, plus the proceeds from the recently announced Illinois…
- ✓ 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…
PE-Backed Haynesville Operator Signs 15 Well Per Year Drilling Venture
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…
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.
North America 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…
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…
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Ascent Resources 2026: A Quiet Growth Story for Oilfield Services
Ascent Resources may not be making headlines with rig additions or dramatic well count increases, but a closer read of their March 2026 investor presentation — compared against…
Infinity Closes $1.2B Utica Upstream & Midstream Deal
Infinity Natural Resources has completed its $1.2 billion acquisition of upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream, according to company disclosures…
Northeast News
Antero Resources Completes $2.8B Marcellus Expansion
Antero Resources Completes $2.8B Marcellus Expansion Antero Resources has completed the previously announced acquisition of upstream assets from HG Energy II, LLC, significantly expanding its core position in…
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,…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Ascent is quietly setting the Utica productivity curve
For most of the last few years, the Utica story has been about discipline: fewer rigs, fewer headlines, and steady execution from a handful of operators who know…
Kimmeridge Offers $6 Billion for Ascent Resources: A Bid Lands in the Middle of a High-Stakes Sponsor Dispute
What happened Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the privately held U.S. natural gas producer that is controlled by private equity…