IPO , Shale Plays , Exploration & Production

U.S. Shale-catters to IPO Australian Shale Explorer on NYSE

Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.

May 4, 2024

Acquisitions & Divestitures , Field Development , Shale Plays

Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals

Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.

May 3, 2024

Acquisitions & Divestitures , Shale Plays , Crude Oil , Natural Gas

Exxon Closes $60B Pioneer Deal, Reshaping Permian Basin

After facing regulatory scrutiny, Exxon Mobil closed a roughly $60 billion acquisition of Pioneer Natural Resources. The largest shale oil transaction ever signed will reshape the order of power in the vast Permian Basin oil field.

May 3, 2024

Shale Plays , Crude Oil , Natural Gas , Natural Gas liquids (NGL) , Earnings

Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests

Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.

May 1, 2024

Shale Plays , Acquisitions & Divestitures , Exploration & Production , Drilling

Decoding the Delaware: How E&Ps Are Unlocking the Future

The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.

May 1, 2024

Unconventional , Wind , Shale Plays , Acquisitions & Divestitures

Equinor Says EQT Asset Swap Upgrades International Portfolio

Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.

April 30, 2024

Shale Plays , Acquisitions & Divestitures , Earnings

Chevron CEO: Permian, D-J Basin Production Fuels US Output Growth

Chevron continues to prioritize Permian Basin investment for new production and is seeing D-J Basin growth after closing its $6.3 billion acquisition of PDC Energy last year, CEO Mike Wirth said.

April 29, 2024

Exploration & Production , Shale Plays , Crude Oil , Natural Gas

Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones

Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.

April 29, 2024

International , Shale Plays

Guyana’s Stabroek Boosts Production as Chevron Watches, Waits

Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.

April 25, 2024

Exploration & Production , Shale Plays , Natural Gas

CNX, Appalachia Peers Defer Completions as NatGas Prices Languish

Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.

April 25, 2024