FEATURED PROJECTS

Acquisition - Octane acquires PDP and acreage position 2021 from FANG

As Midland Basin development pushed farther and father West, with Double Eagle, Ovintiv, Earthstone (now Permian Resources), Conoco and others drilling successful Wolfcamp and Spraberry HZ wells, Octane has prepared for a full scale, multi-bench, horizontal development. Our Gardendale asset (Green Gables) is set up to put a bit in the ground and go. We plan on spudding our first pad in early 2024 with 2 initial benches modeled for development, but we believe strongly in the Jo Mill and the Dean as well.  Others have identified another target or 2 in the Wolfcamp, including the Wolfcamp D on our logs.

Exit - Energen (EGN) Acquired by Diamondback (FANG) for $9.2B

Prior to the exit to Diamondback, Octane Energy’s well-site completions team served on over 400 wells from toe prep to flow back in cooperation with Energen's talented engineering and operations staff. Energen augmented its technical staff with a Well Site Leadership team from Octane to ensure field level operational consistency, integrity, and stewardship. Octane’s team approach translated into a safe and efficient well-site over the course of 3+ years. We are looking forward to continuing with excellence alongside one of the Permian's leading operators in Diamondback.

Exit - RSP Permian (RSPP) Acquired by Concho Resources (CXO) for $9.5B

In the recent exit to Concho, Octane Energy’s Drilling Well Site Leaders, in cooperation with RSPP's extraordinary engineering and operations staff, were a critical operational contributor in the development of RSPP's assets in the Midland and Delaware Basins. RSPP augmented its technical field staff with a Well Site Leadership team from Octane to ensure field level operational consistency, integrity, and stewardship. Octane’s team approach translated into a safe and efficient well-site over the course of 1.5+ years. We are looking forward to continuing with excellence alongside one of the top Permian producers in Concho.

Exit - BC Operating Acquired by Marathon (MRO) for $1.1B 

In the recent exit to Marathon, Octane Energy’s well site drilling supervision was instrumental to the development of BC Operating's assets in Southeast New Mexico and Far West Texas. At the startup of their latest project, market conditions demanded a particular cost for drilling, and corresponding days vs. depth. Under Octane’s well site supervision BC reduced drilling days by more than 50% which enabled it to execute all wells under the demanded budget and ahead of schedule. Our team approach (BC and Octane) with all onsite vendors/contractors translated into a safe and efficient well-site.

Exit: QStar Acquired by SM Energy for $1.6B

In the exit to SM Energy, Octane Energy’s well-site completions project management and supervision facilitated QStar's delineation of its Martin County Wolfcamp and Sprayberry assets. In order to maintain a lean internal team, QStar augmented its technical staff with a project management team from Octane to ensure field level operational integrity and stewardship. Under Octane’s well site supervision, QStar completed one of the best wells to date in Martin County catapulting its sell to SM Energy. Our team approach translated into a safe and efficient well-site.