Warburg Pincus funds former Exxon geologist with Permian insight

An Exxon-trained geologist that led a Permian-based exploration and production firm that was sold in June 2017 to Marathon Oil for $1.1 billion has been tapped to lead a newly formed E&P.
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Hess activity increase in the Bakken boosts Q4 production

Hess Corp. reported a net loss of nearly $2.7 billion for the fourth quarter of 2017. However, increased drilling activity in the Bakken resulted in a 16 percent production increase with 27 wells drilled and 34 new wells coming online.
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WPX Energy sells San Juan Gallup holdings for $700 million

WPX Energy has sold its holdings in the San Juan Basin Gallup play for $700 million to an undisclosed third party. The company said it plans to focus on its core positions in the Permian and Williston basins.
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Joint venture to build Gulf Coast shale gas ethylene export site

Expanding international markets for ethylene have resulted in a joint venture between Enterprise Products Partners and Navigator Holdings to build a new export terminal on the U.S. Gulf Coast. The facility should be in operation by early 2020.
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Flotek releases new fluid tech tested and proven in Midland Basin

Flotek Industries Inc., a developer and distributor of prescriptive chemistry-based technology, has announced the expansion of fluid products that were tested and proven effective in the Midland Basin.
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Lilis Energy expanding Permian ops after $18k/acre purchase

A change in leadership isn’t stopping San Antonio-based Lilis Energy from expanding operations in its West Texas and Southeastern New Mexico Permian basin acreage.
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2018 Bakken Conference & Expo

July 16-18, 2018
Roughrider Center
Watford City, North Dakota





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