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Company News

 

In 2018, Panther will build on its legacy of past experience and success by pursuing development opportunities and strategic partnerships throughout the United States.  Previous projects have benefited from Panther’s ability to develop reserves quickly by running multiple rigs, and controlling drilling and operating costs which, have kept the company the top operator in all existing projects by any metric.

 

 

January 12, 2017

Panther Energy Company II, LLC announced on January 12, 2017, that assets in the Delaware Basin had sold to WPX Energy and Scala Energy.

Panther Energy Company II, LLC and its partners have announced the divestiture of their producing properties and undeveloped acreage in the Delaware Basin in Texas to WPX Energy and Scala Energy.  This divestiture resulted in a $883 million cash transaction on March 10, 2017.  The main drilling targets include Wolfcamp Upper A, Wolfcamp Lower A, [...]

July 1, 2013

Panther Energy Company, LLC announced on May 31, 2013, that assets in the Anadarko Basin had sold to MidStates Petroleum Company Inc. (NYSE:MPO)

Panther Energy Company, LLC and its partners have announced the divestiture of their producing properties and undeveloped acreage in the Anadarko Basin in Texas and Oklahoma to MidStates Petroleum Company Inc. (NYSE:MPO).  This divestiture resulted in a $620 million cash transaction on May 31, 2013.   The main drilling targets include Cleveland, Marmaton, Cottage Grove, and [...]

April 1, 2012

Panther Energy Sells Mississippi Oil Play Properties To SandRidge Energy

Panther Energy Company, LLC announced on September 30, 2012, that effective 4/1/2012 assets in the Mississippi Oil Play were sold to Sandridge Energy.   The Mississippi Oil Play project was focused on exploiting an oil and liquids rich gas bearing Mississippi limestone formation (the “Mississippi Play”). The Mississippi play currently extends over approximately 6.5 million [...]

June 1, 2011

Panter Energy Sells Percentage of Anadarko Project to Linn Energy

On June 1, 2011 Panther Energy Company, LLC sells 40% of its Anadarko project to Linn Energy for an estimated $220 million.   HOUSTON, May 9, 2011 (GLOBE NEWSWIRE) — LINN Energy, LLC (Nasdaq:LINE) announced today that it signed a definitive purchase agreement with Panther Energy Company, LLC and Red Willow Mid-Continent, LLC to acquire [...]

April 5, 2011

Panther Energy Expands Mid Continent Operations to Hardeman Basin and Central Oklahoma Plays

April 5, 2011 Drilling began in Hardeman County in 1939 with the earliest production coming in 1950, but the basin did not attract much interest until the 1959 Conley Field discovery by Shell Oil.   There are have been 136 field discoveries in Hardeman County, 81 producing from Mississippian or Ellenburger carbonates, 31 Pennsylvanian age [...]

September 23, 2008

Panther Energy Sells Arkoma Assests

Panther Energy Company, LLC announces today, September 23, 2008 that it has closed on an agreement for the sale of oil and gas properties in the Arkoma Basin to Canaan Energy. Effective December 1, 2008 Canaan will assume all current and future operations in the area.   The Arkoma Basin provides lower-risk drilling opportunities with [...]