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Bakken, Rockies Shale: Business Is Different, But Still Viable
At DUG Bakken and Rockies, shale executives acknowledged the headwinds, but remained optimistic about the opportunities in the Powder River Basin, the Bakken and, yes, even Colorado.
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MarketsSee More
Frac Spread: Ethane Rallies In A Rocky Stretch
NGL prices rebound despite coronavirus worries.
Shell Report: Asia To Absorb LNG Supply Growth From Mid-2020
Supply growth will ease after the middle of the year, with Asia seen as able to pick up demand.
Brouillette: Coronavirus Unlikely To Have Big Impact On Oil Prices
Energy secretary acknowledges slowing of Chinese energy market.
IEA: Oil Demand Set For First Fall In A Decade Due To Coronavirus Outbreak
Oil demand in the first quarter of 2020 is expected to fall compared with a year earlier, the IEA said, noting it would be "the first quarterly decrease in more than a decade."
BusinessSee More
Bakken, Rockies Shale: Business Is Different, But Still Viable
At DUG Bakken and Rockies, shale executives acknowledged the headwinds, but remained optimistic about the opportunities in the Powder River Basin, the Bakken and, yes, even Colorado.
US Shale Oil Outlook Darkens As By-product Prices Slide
U.S. shale oil drillers could scale back investment in production more quickly than previously expected this year after prices slid for what had been a lucrative by-product.
Noble Corp. Receives NYSE Listing Notice
Company intends to regain compliance by lifting stock above $1 per share.
Pioneer Natural Resources Quarterly Profit Beats Street Estimates
Pioneer also joins shale rivals Concho Resources, Diamondback Energy and Devon Energy in boosting dividends to please investors who have been pushing for higher shareholder returns
TechnologySee More
E&P Completions & Production: Flare No More?
A pilot project will convert stranded methane gas flared from oilfield wells into hydrogen for use as a clean fuel source.
Siemens To Modernize Middle East Jackup Rig
Siemens was awarded a contract by Arabian Drilling Co. on Feb. 19 to modernize a complete and integrated drilling-drives lineup, including auxiliaries and controls, which will be installed on an offshore jackup drilling rig for a customer in the Middle East.
Petrofac Secures Contracts From ADNOC Worth $1.65 Billion
The move comes as the UAE, a key member of OPEC, looks to achieve gas self-sufficiency and become a net gas exporter.
Subsea 7, Shell Team Up To Accelerate Subsea Digitalization
The agreement will help fast-track innovation and streamline the adoption of applied technologies in areas such as marine robotics, advanced sensing, artificial intelligence and autonomous systems to address the industry’s challenges to improve safety, cost-efficiency and sustainability.
Exploration & ProductionSee More
Gulf Of Mexico: Super Basin That Keeps On Giving
The deepwater Gulf of Mexico has proven to be a prolific producer, but companies still see potential in the basin’s frontier and emerging areas.
VAALCO Energy Makes Oil Discovery Offshore Gabon
VAALCO Energy Inc. said Feb. 18 that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands in the Gamba formation.
Exxon Mobil Readies For Ramp Up Of Massive Indonesia Field
The expansion comes closely after the discovery of new proven oil reserves in and around the Banyu Urip Field, which is estimated to be more than double the previous one.
E&P Offshore Advances: Managing Guyana’s Path To Prosperity
Proper governance and management are critical as poverty-stricken Guyana faces a potential financial windfall despite the more than a dozen oil discoveries offshore in the massive Strabroek Block.
TransactionsSee More
Energy A&D Transactions From The Week Of Feb.19, 2020
Here’s a snapshot of energy deals from the past week including a $22.5 million bolt-on acquisition by Laredo Petroleum to its Midland Basin position.
Marketed: Producing Bone Spring ORRI, Lea County, New Mexico
Merrion Oil & Gas retained EnergyNet for the sale of overriding royalty interest package in the Permian Basin through a sealed-bid offering closing March 10.
Marketed: Sierra Resources, Eagle Ford Gas Opportunity
Sierra EF LP retained Detring Energy Advisors to market for sale its oil and gas producing properties, leasehold, and related assets located in the Eagle Ford Shale.
On The Market Oil And Gas Quicklist (Week Of Feb. 19, 2020)
Here’s a quicklist of oil and gas assets on the market including a Powder River Basin package from SilverBow Resources and Overland Energy Partners’ Williston Basin minerals.
Policy & RegulationsSee More
Pioneer CEO Scott Sheffield Urges Investors To Divest In Top Flarers
Pioneer Natural Resources CEO Scott Sheffield called on oil and gas investors to sell shares or pull funding from companies that have rates of natural gas flaring.
US Slaps Sanctions On Russian Oil Firm
Rosneft penalized for its support of Venezuela’s Maduro.
Texas Regulator Names Companies With Highest Flaring Rate
Companies with the lowest flaring intensity in Texas included Pioneer Natural Resources, EOG Resources, ConocoPhillips and Chesapeake Energy.
Trudeau Stresses Need For End To Pipeline Protests
Indigenous communities have blocked rail lines to protest construction of the Coastal GasLink Pipeline.
MidstreamSee More
Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline
Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.
NGL Energy Partners Snags Water Contracts With Large Delaware Basin Producers
NGL Energy Partners recently signed separate, long-term produced water transportation and disposal agreements with two large, investment-grade producer customers in the Delaware Basin.
Enbridge To Acquire Rio Bravo Pipeline In $25 Million Cash Deal
The Rio Bravo Pipeline is poised to support transportation of natural gas production from the Permian Basin and Eagle Ford Shale to NextDecade’s Rio Grande LNG project in Brownsville, Texas
Dominion To Increase Stake In $8 Billion Atlantic Coast Natgas Pipeline
If approved, the acquisition will bring Dominion's share in the Atlantic Coast natural gas pipeline to 53%, up from 48%. Duke Energy will own the remaining 47%.
