Exploration & Production | Top Story | Private Equity | Deals - Acquisition, Mergers, Divestitures | Capital Markets
Victory Grows Permian Portfolio; Eyes First Well Completion
Print
|
Victory Energy Corporation has reported the acquisition of a 320-acre (gross) lease in Glasscock County, Texas through Aurora Energy Partners, which the Company manages and in which it owns a 50 percent interest.
The acquired acreage is adjacent to the Company's successful Cotter #1 well which has averaged over 60 gross barrels of oil per day in the month of May. The first well on this new acreage, the McCauley "6" #1 was spud on May 14 and is expected to be completed and placed on production in late June or early July.
The addition of the 320-acre McCauley track completes a full 640-acre square and provides the Company the opportunity to drill up to 16 gross vertical wells. Like the successful Cotter #1 well, all of these wells will be targeting the multi-stack Wolfberry trend that is…
- ✓ 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
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…