Posted on August 12, 2020
Uncategorized

The battle to win mineral rights and a spread of land bigger than the size of Conn., is on like Donkey Kong in Wyo. Governor Mark Gordon is in a bare-knuckle race to emerge the victor in a bid for five million acres in Wyo., Colo., and Utah owned by Houston-based Occidental Petroleum. Problem is, after an extensive campaign to bring home the prize and three weeks of radio silence from Oxy, Wyo., now has learned its bid fell short for a “once-in-a-generation opportunity” to generate more investment revenue and keep state taxes low. Thirteen bidders have stepped forward to snatch up Oxy’s assets in The Rockies—a part of the company’s acquisition of Anadarko Petroleum last year. The company says it’s negotiating with a bidder, although nothing takes ink until the greenbacks and bona fides slap the table. Should Wyo., ultimately win the bid, the acquisition would rank as the...

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Posted on August 11, 2020
Uncategorized

The Bureau of Land Management has given its blessing for the development of as many as 4,250 oil and gas wells in central Wyo.’s Wind River Basin. The Moneta Divide project, led by private investment firm Aethon Energy and ConocoPhillips’ subsidiary Burlington Resources, includes private, state, and federal lands across 327,645 acres in the central part of the state. Roughly two-thirds of those are managed by BLM. The operators expect to drill about 325 new wells every year during a 15-year development period and estimate recovery of 18.16 TCF of gas and 254 MMBbls of oil over the project’s 65-year lifespan. The BLM’s Record of Decision, however, doesn’t authorize any on-ground activity and each well will require review and approval as part of the drilling permit process. Aethon in 2015 acquired 188,000 net acres also located in the Wind River from Encana. What do you think? Learn more about Reese...

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Posted on June 3, 2020
Energy

If you’re looking to sell a vintage Schwinn or snap up a first-edition Harry Potter, you’d probably head right over to an online auction house, place your bid and keep your fingers crossed. But if oil and gas assets are more your game, Amarillo, Texas-based EnergyNet is your destination. ...

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Posted on May 27, 2020
Energy

Reese Energy Consulting last week shared a profile of Diversified Gas and Oil and its CEO Rusty Hutson, whose focus on drilling older wells with high production volumes has led the company to become one of the largest gas players in the Appalachia region. Ala.-based DGO, which operates 60,000 wells and 12,000 miles of gas gathering pipelines in six states, got a little bigger today with the announcement of two acquisitions. ...

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