BC Operating - sold to Marathon 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.
Qstar - Sold to 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.