• EKSPLORASI.ID
  • MONETER.ID
  • BANTEN.CO
Minggu, Juni 1, 2025
  • Login
EKSPLORASI.ID
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
EKSPLORASI.ID
No Result
View All Result
Home ENGLISH NEWS

PDC Energy Joins Permian Oil Rush With $1.5 Billion Acquisition

by Eksplorasi.id
24 Agustus 2016
in ENGLISH NEWS
0
PDC Energy Joins Permian Oil Rush With $1.5 Billion Acquisition

PDC Energy Inc logo | Source

0
SHARES
54
VIEWS
Share on WhatsappShare on Facebook

Eksplorasi.id – PDC Energy Inc. joined the parade of companies buying into the U.S.’s biggest oilfield, announcing a $1.5 billion purchase of two companies with holdings in Texas’ Permian Basin.

PDC Energy Inc logo | Source
PDC Energy Inc logo | Source

PDC agreed to buy two closely held companies with a combined 57,000 acres in the Permian, the Denver-based explorer said in a statement Tuesday.

The driller will pay $915 million in cash and give about 9.4 million of its shares to Kimmeridge Energy Management Co., a New York-based private equity fund that manages the two Permian companies.

Drillers including Pioneer Natural Resources Co., Parsley Energy Inc. and Concho Resources Inc. have all announced deals in the Permian this year, expanding their presence in one of the few North American oil regions where production is profitable at current prices. Until now, PDC has concentrated on wells in Colorado and Ohio, according to its statement.

The privately negotiated transaction includes about 57,000 acres in Reeves and Culberson counties in Texas, which currently produce the equivalent of about 7,000 barrels of oil a day. The company intends to fund the cash portion of the purchase though “potential equity and debt financings,” PDC said. The deal is expected to close in the fourth quarter.

Source : Bloomberg

Tags: headlineOilfieldPDC EnergyTexas’ Permian Basin
Eksplorasi.id

Eksplorasi.id

Next Post
Cnooc Posts 1st Half-Year Loss on Canadian Oil Sands Charge

Cnooc Posts 1st Half-Year Loss on Canadian Oil Sands Charge

Tinggalkan Balasan Batalkan balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Pertamina Pilih Rosneft, BPH Migas Tidak Dilibatkan

Menteri Jonan Lantik Andy Sommeng Jadi Dirjen Ketenagalistrikan

8 tahun ago
Mini LNG Pertama Berada di Bali

Proyek Gas Masela Butuh 12 Ribu Sarjana Teknik

9 tahun ago

Sering Dibaca

  • Ini Dia, Sumber Daya Alam Unggulan 11 Negara ASEAN

    Ini Dia, Sumber Daya Alam Unggulan 11 Negara ASEAN

    0 shares
    Share 0 Tweet 0
  • PLN Kembangkan Energi Mikro Hidro Di Sumba

    0 shares
    Share 0 Tweet 0
  • Kapal Riset Geomarin 3 Lakukan Survei Gas Biogenik di Bali dan Lombok

    0 shares
    Share 0 Tweet 0
  • Ikut Berperan Atas Pembubaran Petral, Totok Nugroho Kini Jabat SVP ISC Pertamina

    0 shares
    Share 0 Tweet 0
  • Potensi Uranium Indonesia 77 Ribu Ton, Bisa Penuhi Kebutuhan Listrik 40 Tahun

    0 shares
    Share 0 Tweet 0

RSS Moneter.id

EKSPLORASI.ID

© 2020 Eksplorasi.id - REFERENSI BERITA ENERGI

Navigate Site

  • REDAKSI
  • KETENTUAN LAYANAN
  • PEDOMAN SIBER
  • HUBUNGI KAMI

Follow Us

No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS

© 2020 Eksplorasi.id - REFERENSI BERITA ENERGI

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In