Callon Petroleum

Houston-based independents will combine to form a company with a production total above 500,000 BOE/D and valued at $21 billion.

The independent sells out of south Texas shale, while expanding its Permian presence in separate deals.

The US producer also closed its acquisition of assets in the Permian through a deal with Primexx.

If you can see it, then maybe you can control it. This sums up the latest quest that the unconventional engineering community embarked upon to get a better understanding of proper well spacing and how fractures really interact.

The Unconventional Resources Technology Conference is like visiting an oilfield theme park for engineers and geoscientists. This year those traveling to the conference for a glimpse of what is possible in exploration and production will also focus on ways to improve short-term profitability.

The combined company will produce more than 100,000 BOE/D from the Permian Basin and Eagle Ford Shale and is switching its focus to “mega-pad” developments.

Permian Basin producer Callon Petroleum is attributing its data-driven approach to a routine completions practice to improved proppant placement and higher oil production.