Parsley Energy to buy Midland basin assets for $400 million

Parsley Energy Inc., Austin, has agreed to acquire undeveloped acreage and producing oil and gas properties in Glasscock County, Tex., along with associated mineral and overriding royalty interests, for $400 million in cash. Expected to close on or before Oct. 4, the deal will be financed through debt and equity issuances. Source: News

MARKET WATCH: NYMEX oil price for September approaches $46/bbl

The light, sweet crude oil price for September delivery climbed $1.25 on the New York market Aug. 15 to $45.74/bbl, marking the highest front-month contract price since July 15. Oil prices have gained for three consecutive sessions on both the New York and London markets. Source: News

Concho to expand Midland basin acreage in $1.6-billion deal

Concho Resources Inc. has agreed to acquire 40,000 net acres with an average 99% working interest in the core of the Midland basin of West Texas from Reliance Energy Inc. for $1.625 billion. Source: News

EIA: Permian oil output to rise 3,000 b/d in September

The Permian held out roughly a year before joining the other major US shale regions in crude-oil production declines during the current downturn. Now, after a string of losses, growth from the West Texas and southeastern New Mexico basin is expected again by the US Energy Information Administration. Source: News

Schroer adds role of treasurer at Concho Resources

Brenda R. Schroer, currently vice-president and chief accounting officer at Concho Resources Inc., Midland, Tex., has assumed the additional role of treasurer. Source: News

Stephen Williamson succeeds brother as TD Williamson CEO

Stephen Williamson has taken the role of chief executive officer of TD Williamson, a Tulsa-based pipeline and services company. He succeeds his brother, Richard B. Williamson, who retired this month. Source: News