Orogrande basin sale
Emerging Plays. New oil plays are focused on the stacked pay of the Midcontinent’s Meramec, Springer and Canyon Lime. In the Permian Basin, a prospect is to be drilled soon in the lightly explored Orogrande Basin. Nissa Darbonne. Fri, 01/09/2015 - 05:07 PM.
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Apr 03, 2017 · The DDU creation makes the Orogrande Basin Project manageable at reasonable cost and maximizes the attractiveness of the play to potential suitors in any future sale discussions." Story continues .... Apr 09, 2018 · Torchlight Energy Resources, Inc. , today announced that the Board of Directors has engaged ROTH Capital Partners to conduct the process of marketing the Company's Midland Basin Assets also known as the......
The former operator of the Orogrande Project sold its 9.5% working interest in the assets for $2.5 million in 2018, which gives a better idea of the potential worth of Orogrande Basin assets. Wake.
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Apr 09, 2018 · Torchlight Energy Resources, Inc. , today announced that the Board of Directors has engaged ROTH Capital Partners to conduct the process of marketing the Company's Midland Basin Assets also known as the......
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The Orogrande Basin had a long, established, and something of infamous track record of turning back E&Ps — of leaving them wanting. Of course, it only turned these E&Ps back after the E&Ps had spent millions in trying to develop what could potentially be a billion barrel resource play — the reason many an E&P had tried their hand at.
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Apr 04, 2019 · Torchlight's management said in a recent conference call it is pursuing any of these: a joint venture, a sale of the company or a sale of all or mostly all of its Orogrande Basin assets. The reason they cited is that "positive drilling and testing results to date warrant this move," White noted..
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