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Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields. The company also strives to unlock the potential of the Orange Basin.
Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target.
Perhaps all four are at work today in the wireline industry in the Permian Basin, but certainly the fourth factor—consolidation—is making itself felt. Pintail is headquartered in Midland and is a leading provider of wireline services in the Permian Basin. Now Underdog has worked with them since 2019.” on April 15. on April 15.
But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. According to a survey of oil companies by the Federal Reserve Bank of Dallas, this break-even point is around $61 per barrel in the Midland Basin, the heart of the Permian, and $65 for the region as a whole.
Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target.
poised to expand LNG export capacity , interest in gassy basins has surged. The company began developing the Austin Chalk in 2019 and produced 90 MMcf /d from the formation in 2024. Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. According to the U.S. Bcf/d by 2026.
poised to expand LNG export capacity , interest in gassy basins has surged. The company began developing the Austin Chalk in 2019 and produced 90 MMcf /d from the formation in 2024. Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. According to the U.S. Bcf/d by 2026.
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