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Best of This Week’s Drilling Activity Highlights (April 16, 2021)
Production starts at a Shell-operated venture in the Gulf of Mexico, a horizontal Woodford Shale completion in Pecos County, Texas, plus Crestone Peak Niobrara wells in Colorado’s Arapahoe County top this week’s oil and gas drilling activity highlights from around the world.
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MarketsSee More
PATH FORWARD: How US Shale Fits in the Post-COVID Demand Recovery
U.S. oil production growth is important to meet resurging global demand, says IEF Secretary-General Joseph McMonigle.
OPEC Raises Oil Demand Growth Forecast on Hope Pandemic Wanes
The upward revision marks a change of tone from previous months, in which OPEC has lowered oil demand forecasts because of continued lockdowns.
Commodities Trader Trafigura Launches Carbon Trading Desk
The new Trafigura carbon trading team, to be headed by Hannah Hauman, will be based in Geneva, Houston and Singapore.
US LNG Exports Set to Fall to Six-Week Low on Corpus Christi Maintenance
Analysts said it was normal for LNG plants and gas pipelines supplying them to shut for maintenance in the spring when demand is low.
BusinessSee More
Shale Giant EQT Seeks to Further ESG Certification for Natural Gas Production
Following completion of its certification pilot projects announced this year, EQT says it will be producing more certified gas than any other U.S. producer’s entire natural gas production.
Houston-based VAALCO Energy Names New CEO in Strategy Shift
The VAALCO Energy board said it believes newly appointed George Maxwell’s track record of founding, building and selling a successful African energy company will help it achieve its strategy of enhancing its corporate presence in London.
Oasis Petroleum Names Former Anadarko Exec Danny Brown as CEO
The appointment of Daniel E. “Danny” Brown as CEO fills a role left vacant since last December when Oasis Petroleum Co-founder Thomas Nusz retired.
Kosmos Names New Exploration Chief after Tracey Henderson Leaves for Apache Affiliate
Tracey K. Henderson joins Apache from Kosmos Energy to serve as its senior vice president of exploration, filling a position left vacant since the resignation of industry veteran Steven Keenan in late 2019.
TechnologySee More
Shell Selects Siemens’ Polarion Software to Digitalize, Streamline Capital Project Data
Siemens Digital Industries Software has reported on April 15 that Royal Dutch Shell has selected Polarion Requirements software as the foundation for managing and streamlining the flow of requirements across Shell's global Capital Projects ecosystem.
U.S. Well Services Files Lawsuit against Halliburton, Cimarex over E-frac Patent
The lawsuit alleges Halliburton’s all-electric fracturing fleet, currently deployed for Cimarex Energy, violates several of U.S. Well Services’ patents for electric pumps and pumping systems and monitoring and control systems.
Aquaterra Energy Secures Five-Year Riser Analysis Gig in Middle East
Combined with other recent project wins in the Middle East, Aquaterra Energy will now deliver an estimated £1 million ($US1.37 million) of riser analysis work over the five-year period.
ChampionX Adds Autonomous Control for Rod Lift Wells with New XSPOC 3.1 Software
This release provides a number of powerful updates to the XSPOC platform, including advancements in setpoint optimization for rod lift wells and AI-driven autonomous control to better optimize production assets with less resources and time.
Exploration & ProductionSee More
E&P Plus Cover Story: ESG in Oil and Gas—Searching for Answers
Building an ESG case and presenting the right evidence to stakeholders across the value chain has become a riddle wrapped in a mystery inside an enigma for producers and service providers in oil and gas. So how are they setting about solving it?
Laterals, Exports, Price Among Keys to Haynesville Shale Success
Goodrich Petroleum COO shares insight on its operations in the gassy Haynesville Shale as forecasts show natural gas prices and LNG exports rising.
Oil and Gas Investor Eagle Ford Natural Gas: Texas Gas to Mexico
While U.S. natural gas demand was mostly flat in 2020, Mexico’s grew. And it came from Texas. The outlook is that Mexico will be ordering more, including from the Eagle Ford’s underdeveloped gas fairway.
Carbon Tax Vital in Energy Transition, Oil Execs Say
While a carbon tax may drive certain desired behaviors during the energy transition, there is no one solution to the world’s emissions woes, oil industry executives say.
TransactionsSee More
Upstream M&A Tally Suggests Subtle Rebound in First-quarter
The recently announced agreement by Pioneer Natural Resources to acquire DoublePoint Energy, with multiple private equity sponsors, also adds further indications of a shift toward private upstream activity, analyst says.
Marketed: EnCore Permian Operated Leasehold, Minerals Opportunity
EnCore Permian Holdings LP retained PetroDivest Advisors for the sale of certain leasehold and producing properties located in the Permian Basin in Upton, Howard and Pecos counties, Texas.
Energy A&D Transactions from the Week of April 14, 2021
Here’s a snapshot of recent energy deals including a $312 million sale by Hess in the Bakken plus Saudi Aramco signs a $12.4 billion pipeline deal.
On the Market Oil and Gas Quicklist (Week of April 14, 2021)
Here’s a quicklist of oil and gas assets on the market including the sale of Chevron’s Eunice/Hobbs asset in the Permian Basin plus a rural D-J Basin JV opportunity and Legacy Reserves Permian ORRI portfolio.
Policy & RegulationsSee More
Hydrogen’s Clean Energy Hype Does Not Mean it will Clear Barriers
Despite being the clean energy source voted most likely to succeed, the future of hydrogen still faces barriers in investment, storage, transportation and life-cycle emissions.
Bipartisan Senate Bill Would Direct Billions to Plugging Wells
Amount is nearly the level in President Biden’s infrastructure plan.
EPA Chief: Biden’s Methane Emission Curbs to Exceed Obama’s
‘There’s lot of room to be more ambitious,’ Regan says ahead of the administration’s release of its 2030 emission reduction targets.
Manchin, Flexing Political Muscle, Leaves Senate Democrats in Lurch
West Virginia senator walks a political tightrope with infrastructure bill’s push against fossil fuels.
MidstreamSee More
Official: DAPL Closure Could Shut 400,000 bbl/d of N.D. Oil Output
US District Court judge is considering the Dakota Access Pipeline case concerning Energy Transfer’s asset.
LM Energy Launches Touchdown Binding Open Season in Permian Basin
The proposed extension of the system will gather crude oil from origination points in Eddy and Lea Counties, New Mexico and deliver to destination points also in Eddy and Lea Counties, New Mexico.
Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium
The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in the newly formed Aramco Oil Pipelines Co.
US Army Corps to Allow Dakota Access Pipeline to Stay Open During Review
The move leaves the decision on shutting down the pipeline with the U.S. District Court of the District of Columbia.
