Permian Basin Oil and Gas Magazine

MARCH 24, 2025

He founded Summit Petroleum with his son Matt in 2007 and oversaw planning and development of the familys recently completed Summit Center, a 20-acre office/retail/park complex in north Midland. Summit runs two-to-three drilling rigs and has a capital budget of about $250 million.

Petroleum 59

Petroleum Basin Drilling rig Field 59

The Energy Law

JANUARY 30, 2008

Due to weather conditions and the limitations of ATP’s contracted drilling rig, ATP was unable to get a well drilled prior to the lease expiration date. In denying ATP’s request for an SOO, the MMS relied upon its Notice to Lessees No.

Operator 40

Operator Drilling rig Offshore Casing 40

The Energy Law

MARCH 30, 2017

The first tract, which covered 63 acres, was transferred through a series of agreements including an act of exchange and a subsequent cash sale in 2007. [8] 25] In addition, the operator was unable to move a drilling rig onto the wellsite due to weather in February 2004, and as a result, the operator had to pay standby time for the rig. [26]

Spud-in 40

Spud-in Operator IT Instrumentation 40