Press Releases

Devon Energy Announces $1 Billion Divestiture Plan

Devon Energy Corp. (NYSE: DVN) announced today its intent to divest approximately $1 billion of upstream assets across its portfolio. The non-core assets identified for monetization include select portions of the Barnett Shale focused primarily around Johnson County and other properties located principally within the company’s U.S. resource base. Devon expects to commence the divestiture program in the second quarter of 2017 and complete the sale process over the next

Successful Gulf of Mexico Lease Sale Yields $275 Million in High Bids on 913,542 Acres in Central Planning Area

U.S. Secretary of the Interior Ryan Zinke today announced that Lease Sale 247 for oil and gas parcels in the Gulf of Mexico garnered $274,797,434 in high bids for 163 tracts covering 913,542 acres in the Central Planning Area of the Outer Continental Shelf offshore Louisiana, Mississippi, and Alabama. A total of 28 offshore energy companies submitted 189 bids. The sum of all bids received totaled $315,303,884. “Today’s strong sale

LandLine News at 2017 NAPE Summit booth #4211

The 2017 NAPE Summit will be February 15-17.  LandLine News will be at boot 4211 displaying several prospects for sale.  If you would like to submit your prospect for representation in our booth please email submissions@landlinenews.com.

Outsourcing That Puts YOU in Control

A big concern with having a third-party company do work for you is control.  Who owns the data?  How can you access the data?  What can you do with the data? Pettigrew & Pettigrew Land Services is a firm believer that the client owns their land data and should have unfettered access to it.  While we perform the lease entry, maintain the records, and provide any reports or maps requested

Pettigrew & Pettigrew Land Services Staff is 100% iLandman Certified

Every lease analyst, division order analyst, and land manager that is a part of the Pettigrew & Pettigrew Land Services staff has successfully completed the iLandman training and earned a certificate! “We have specialists that have used iLandman over the years, but now everyone on our team is ready to use it to better serve our customers.  We are pleased to have our expertise in the iLandman system acknowledged in

Pettigrew & Pettigrew Named a Finalist in 2016 Oil & Gas Awards for Consultancy of the Year

The 4th Annual Oil and Gas Awards in Texas will be held on November 3rd in Houston.  The Oil & Gas Awards are for “Recognizing the outstanding achievements made within the Upstream, Midstream and Downstream sectors of the Oil & Gas Industry…” P&P is the only land services company to be a finalist this year in the Texas region.  While P&P has clients nationwide, and manages both producing and non-producing

BLM Takes Important Step Toward Online Oil & Gas Lease Sales

WASHINGTON – The Bureau of Land Management (BLM) today announced that it is implementing authority provided by Congress giving the agency the flexibility to conduct online lease sales. The move is a continuation of the BLM’s ongoing efforts to modernize the oil and gas program by increasing program efficiency and generating savings for taxpayers. The BLM is acting in response to authority provided by Congress as part of the National

Samson Announces Change in Check Detail

Effective May 25, 2016, Samson’s revenue check detail will be presented in a new format. Samson is committed to maintaining and improving royalty and working interest relations, and we believe this check detail change will improve reporting and communication of revenue detail to our owners. To help you transition to the new format, we have included an example of the new format with an accompanying legend. Also effective with our

APACHE CORPORATION DISCOVERS SIGNIFICANT NEW RESOURCE PLAY IN SOUTHERN DELAWARE BASIN

Apache Corporation (NYSE, Nasdaq: APA) today announced that after more than two years of extensive geologic and geophysical work, methodical acreage accumulation, and strategic testing and delineation drilling, the company can confirm the discovery of a significant new resource play, the “Alpine High.” Apache’s Alpine High acreage lies in the southern portion of the Delaware Basin, primarily in Reeves County, Texas. The company estimates hydrocarbons in place on its acreage

BLM Internet-Based Auctions

This procedural rule amends certain provisions of the oil and gas regulations administered by the Bureau of Land Management (BLM) to recognize that the BLM is authorized to use either oral or internet-based auction procedures to conduct oil and gas lease sales under the Mineral Leasing Act of 1920, as amended (MLA). The changes made by this rule update the BLM’s regulations to be consistent with the National Defense Authorization