Drilling Permits (TX): Week of May 14, D.R. Horton-backed Founders Oil pursues Reeves Co.


[Context: The week of May 14, 160 drilling permits were issued by the Railroad Commission of Texas, about 22% (35) were secured by private equity-related upstream companies. Founders Oil & Gas, personally backed by housing mogul Donald  R. Horton, received a permit for its second Reeves County well. Tug Hill received several more permits. Other notables include Charger Shale Oil and Guidon Energy, each of which are backed by large equity commitments to pursue Permian opportunities. Further details and related links are below.]

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