Oasis Petroleum in $946 million deal for Delaware Basin land. “Oasis Petroleum has agreed to buy thousands of acres for nearly $1 billion in the coveted Delaware Basin in a cash and stock deal. The Houston oil producer said it would snap up 20,300 net acres in the West Texas oil patch from San Antonio explorer Forge Energy. The $946 million deal, expected to close in February, includes $483 million in cash and 46 million shares. Those acres in Loving, Ward, Winkler and Reeves counties pumped 3,500 barrels of oil equivalent a day in November.” More at Chron.com.
Forge Energy took over many of the leases on the Haleys and Mitchell, and Gills ranches.