Rigzone is reporting that BP acquired all of Devon Energy Corp's oil and gas properties in the San Juan Basin in New Mexico.
BP Plc on Friday said its U.S. onshore unit has acquired all of Devon Energy Corp's oil and gas properties in the San Juan Basin in New Mexico for an undisclosed price.
BP expects to take over operation of the 480 wells spread across 33,000 acres in the first quarter of 2016 after receiving required government agency approvals, it said. Battered by a crude downturn that has stretched for more than a year, many independent oil and gas companies are selling assets or contemplating selling assets they no longer consider essential as a way to raise cash.480 wells spread across 33,000 acres in New Mexico. Think about that when looking at the number of acres held by the four or five largest operators in the Bakken.
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Related
This story is related but I'm too tired to do much with this one. Maybe I will come back to it tomorrow.
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Is Chesapeake Next?
Also from Rigzone.
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Muscle Shoals, Again
Quite some time ago a reader introduced me to Muscle Shoals -- something I was not aware of until then. Now it seems like "Muscle Shoals" pops up everywhere.
Tonight, in an after-midnight fugue state, moving from song-to-song on YouTube I ended up on "Almost Persuaded." Curious about the song, I checked out wiki and and this was the first paragraph:
"Almost Persuaded" is a song written by Glenn Sutton and Muscle Shoals songwriter Billy Sherrill and first recorded by David Houston in 1966.I was unaware that Billy Sherill was a Muscle Shoals songwriter. Hmm...
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And Muscle Shoal, Again
From a comment over at Narvel Felts, "Reconside Me":
The MCI board had just been installed in the new studio in Muscle Shoals. When we finished with the Track and lead vocal by Narvel, another engineer sat in and I went on the studio floor and overdubed the organ.