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Unconventional Yearbook 2018

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46 | January 2018 | hartenergy.com 2018 UNCONVENTIONAL YEARBOOK | KEY PLAYERS additional potential horizontal drilling locations in emerging prospective horizons, the company stated on its website. The company will acquire the acreage, which almost doubles QEP's Midland position, from JM Cox Resources LP and Alpine Oil Co. for $732 million, according to filings with the Securities and Exchange Commission. In the Uinta Basin QEP reported third-quarter 2017 production of 905.3 Mboe and year-end 2016 proved reserves of 106.1 MMboe, according to the company's website. QEP has about 250,000 net acres in this basin, including 109,600 targeting the Lower Mesaverde Formation. In September 2017 QEP sold its Pinedale Anti- cline Field assets in Sublette County, Wyo., a press release stated. "With the Pinedale divestiture and the pending Permian Basin acquisition [closed in October], we have made significant progress in repositioning the company for long-term success," said QEP Resources CEO Chuck Stanley in the release. "We have, however, experienced higher than anticipated production decline from a group of pilot wells that were completed in deeper benches of the Three Forks Formation in the Williston Basin and, as a result, we have modified our devel- opment plans going forward. Additionally, we also experienced some delays in our Permian Basin well completions as a result of the continuing evolution of our tank-style development methodology." In the Williston Basin the company reported third-quarter 2017 production of 4,252.3 Mboe and year-end 2016 proved reserves of 160.2 MMboe. QEP has about 115,500 total net acres of crude oil development properties in this basin. In the Haynesville Shale the company reported third-quarter 2017 production of 3,321.2 Mboe and year-end 2016 proved reserves of 144.3 MMboe. The company has interests in about 48,900 net acres in and around the Haynesville Shale. Range Resources Corp. ■ About 900,000 net acres in the Marcellus ■ About 220,000 net acres in Northern Louisiana U.S. independent producer Range Resources has operations in the Marcellus, Midcontinent and North Louisiana. As of year-end 2016, Range had 12.1 Tcfe of proved reserves, according to the company's website. Range has about 900,000 net acres in the Marcel- lus, and the majority of the company's 2017 capital budget was directed toward the Marcellus. The com- pany reported third-quarter 2017 net production in the Marcellus of 1.6 Bcfe/d and Marcellus and Upper Devonian unrisked unproved resource potential of 93 Tcfe, according to Range's website. The company has about 190,000 net acres in the Midcontinent and reported third-quarter 2017 net production in the region of about 27 MMcfe/d, according to statistics on the company's website. Range also has about 220,000 net acres in North- ern Louisiana. The company reported third-quarter 2017 net production of about 360 MMcfe/d and unrisked unproved resources potential of 6.7 Tcfe in Northern Louisiana. In 2016 Range and Memorial Resources Devel- opment Corp. (MRD) completed a merger agree- ment under which Range acquired all of the outstanding shares of common stock of MRD in an all-stock transaction valued at about $4.2 bil- lion, including the assumption of MRD's net debt, a press release stated. The transaction increased Range's acreage positions in both the Appalachian Basin and Northern Louisiana. RSP Permian ■ 500,000-plus net effective horizontal acres in the Permian ■ Acquired Silver Hill for $2.4 billion RSP is an independent oil and natural gas company focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The company has 500,000-plus net effective horizontal acres and 4,200-plus net drilling locations in the Permian. RSP reported 283 MMboe pro forma 2016 proved reserves, according to statistics on the company's website. Third-quarter 2017 production increased 98% to 58.9 Mboe/d (71% oil, 87% liquids), compared to

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