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DUG East
DUG East: Supply, Meet Demand (2019)
How many more Bcfs can possibly exit this basin, and when?
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Business
A&D Trends: Reeled In
Is a trend of more consolidation suggested by the recent Anadarko Petroleum and Covey Park Energy takeovers to come in the A&D market?
Unconventional
Analysis Shows Well Interference’s Role In Scoop/Stack Productivity Decline
The surge in child wells has brought well spacing and interference concerns across U.S. shale plays. Some have found solutions, while others are looking.
Private Equity
Tom Ward-Led Company Lands Western Anadarko Acquisitions
The acquisitions represent the first transactions within a new partnership between Ward’s Mach Resources and Houston-based private-equity firm Bayou City Energy.
Pipelines
Interview: Challenges Won’t Deter CEPA From Its Mission
Canadian producers and pipeline operators continue to face serious business challenges. The Canadian Energy Pipeline Association is far from ready to throw in the towel. Here's why.
Public Capital
Under The Microscope: E&P Executive Comp Falls In Line
Lonestar Resources and Whiting Petroleum were among the operators that scored the best in a recent Cowen report on E&P management compensation.
Business
Burnishing The Rockies’ Rep
There’s more than one road in the Rockies. While E&Ps pursue exploration in Wyoming, their counterparts in Colorado are adjusting development programs to conform to local control legislation.
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Markets
Frac Spread: Prices Bounce, Margins Improve
Margins mostly improve but ethane’s remains in negative territory.
Blue Mountain Midstream Enter Crude Oil Gathering Agreement With Roan Resources
Blue Mountain plans to construct an initial crude system consisting of approximately 50 miles of gathering pipelines with two downstream interconnections providing anchor shipper Roan Resources with direct access to the Cushing market.
Canadian LNG Plant Signs Chinese Supply Contract
The company has supplied small-scale cargoes on a spot basis to China since a pilot in 2017.
What’s Affecting Gas Prices? (Week Of July 16, 2019)
Stratas Advisors assesses impact of Barry and expects a 68 Bcf build this week.
Business
Vanguard Emerges From Bankruptcy As Grizzly Energy
Now named Grizzly Energy, the company emerges from bankruptcy with a narrowed focus on the Rockies, Permian and Midcontinent regions plus the elimination of more than $500 million debt.
Whiting Names Correne Loeffler As CFO Michael Stevens’ Successor
Whiting Petroleum CFO Michael Stevens will be replaced by Correne Loeffler, who joins the company from Callon Petroleum which recently announced a multibillion-dollar acquisition.
Australia's Santos Posts Record Production; Woodside Petroleum’s Revenue Falls In Second Quarter
Santos Ltd. said on July 18 it had clocked record gas production in the second quarter on stronger output across its Western Australia gas assets.
Oil Service Firms Eye New Survival Tactics Amid Weak US Market
The last time supplies overwhelmed demand, oilfield service suppliers cut hundreds of thousands of jobs and top firms gushed red ink.
Technology
Emerging Tech: Subsea Ambient Lifter
Designed to cut decommissioning costs by 40%, Ecosse IP’s Ambient Lifter is changing the scope of offshore operations.
Chevron Awards Subsea Compression FEED Order To MAN Energy Solutions
MAN Energy Solutions has been awarded a contract to support the FEED study of a subsea compression solution for the Chevron-operated Jansz-Io Field in Western Australia on July 17.
Halliburton Introduces First 3-D Logging-While-Drilling Technology
New visualization enables precise geosteering and accurate well placement.
Gary Rich To Retire As Parker Drilling President, CEO
Parker Drilling Co. announced on July 15 that Gary Rich has decided to retire from his roles as president, CEO and director of Parker Drilling later this year.
Exploration & Production
SM Energy Raises Production, Lowers Spending Guidance
E&P companies have been producing more but spending less, looking to please shareholders and improve finances.
Hart Energy's Unconventional Activity Tracker
Hart Energy's exclusive rig counts measure drilling intensity. They exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. They are designed to offer the most accurate picture of what is actually occurring in the field.
Leviathan Natural Gas Platform Starts Voyage To Israel
The gas platform for the Leviathan natural gas field is on its way to Israel from the Gulf of Mexico, the partners in the project said on July 14.
US Oil Rig Count Drops For Second Consecutive Week
U.S. energy firms this week reduced the number of oil rigs operating for a second week in a row as drillers follow through on plans to cut spending this year.
Transactions
Kimmeridge Deal To Create Largest Delaware Basin Minerals Company
Kimmeridge said the combination of its minerals business with Midland, Texas-based Desert Royalty will create the largest pure-play mineral and royalty company in the Delaware Basin by net royalty acres.
Comstock Resources Wraps Up Purchase Of Haynesville Operator Covey Park
Covey Park co-CEO John Jacobi and Denham Managing Partner Jordan Marye joined the Comstock Resources board following the completion on July 16 of the roughly $2.2 billion acquisition.
Marketed: Core Eagle Ford Shale Mineral Position
A private seller has retained TenOaks Energy Advisors for the sale of minerals in the core of the Eagle Ford Shale in South Texas through an offering closing Aug. 16.
On The Market Quicklist (Week Of July 17, 2019)
Here’s a quicklist of oil and gas assets on the market including a core Eagle Ford mineral position in Karnes, DeWitt and Gonzales counties in South Texas.
Policy & Regulations
Pipelines Dispute Adds To Mexico Investment Fears
“The signal abroad, that Mexico does not respect contracts is very tough, especially when the economy is not going well and you need investors,” said Gonzalo Monroy, an energy analyst.
US To Move Public Lands Agency To Colorado From Washington
BLM’s move will result in officials located closer to areas they serve, says the Department of the Interior.
Vineyard Wind To Request Superseding Order From Massachusetts Department Of Environmental Protection
Vineyard Wind said July 15 it will request a superseding order from the Massachusetts Department of Environmental Protection to overturn denial of the project’s application before the Edgartown Conservation Commission.
Turkey Says It Will Continue To Drill For Gas Offshore Cyprus
Move is designed to pressure Greek Cypriot government to accept a cooperation proposal by Turkish Cypriots.
Midstream
Oil Tankers Risk Becoming ‘Stranded Asset’ In Climate Push
The world’s oil tankers risk losing almost a third of their value should a shift away from fossil fuels gain momentum in the coming decades, a new report has warned.
Enbridge Delays Open Season For Bids On Mainline Oil Pipeline System
Enbridge Inc. has delayed the start of an open season to solicit bids for contracted space on its Mainline oil pipeline system, North America's largest oil-shipping network, three market sources told Reuters on July 17.
Solaris Water Midstream Launches New Mexico Recycling Operations
The facility includes a produced water treatment system, 1.8 million barrels of water storage for treated produced water and non-potable water and a 16-inch pipeline for redelivery to a final staging location for pickup.
Energy Transfer Launches Supplemental Open Season For Bakken Pipeline
The open season is to solicit additional shipper commitments for transportation service from the Bakken/Three Forks play in North Dakota to storage terminals located in Illinois and Texas.
