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E&P Plus Regional Report: Midland Basin—Many Opportunities Reman


E&P Plus Regional Report: Midland Basin—Many Opportunities Remain

The Midland Basin, located within the eastern region of the Permian Basin, has seen a steady amount of new E&P activity since 2011.

E&P Lenders’ POV: The New Debt Deal


E&P Lenders’ POV: The New Debt Deal

Secured-debt lenders have new terms for oil and gas producers. Some were underway before 2020.

Larry Prado


E&P Plus: January 2021 US Drilling Activity Highlights

Check out the latest oil and gas drilling activity highlights across the U.S. including a Marcellus discovery announced by Chesapeake Energy in Pennsylvania’s Bradford County plus the two strongest Haynesville Shale wells drilled to date in North Louisiana.

MarketsSee More

IEA Cuts Oil Demand Outlook Due to COVID-19 Resurgence

IEA Cuts Oil Demand Outlook Due to COVID-19 Resurgence

The emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.

OPEC ‘Cautiously Optimistic’ Oil Market Will Recover in 2021

Oil prices have rallied to an 11-month high this month, helped by a Jan. 5 decision by most members of OPEC+ to hold production steady in February and a pledge by Saudi Arabia to voluntarily cut output.

IEA: Oil Market Outlook Clouded by Vaccine Roll-Out Variables

Pace and response to vaccines add uncertainty to planning, says agency analyst.

Oil Prices Rally Further after US Inventory Drop

Both crude oil benchmarks are trading at the highest since February 2020, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdown.

BusinessSee More

Oil and Gas Investor: The 2021 Top 50 Independents

Oil and Gas Investor: The 2021 Top 50 Independents

In an era where many would like to wish hydrocarbon-based energy away, we at Oil and Gas Investor celebrate the American independent producers that supply much of our world’s existing energy needs. And, just for fun, we’re going to rank you.

Kinder Morgan Flags Concerns over US Shale Spending Following Earnings Beat

Pipeline operator Kinder Morgan raised concerns over the pace of ramp-up in spending in top U.S. shale basins following a rebound in oil prices after beating Wall Street estimates for quarterly results.

Norway’s Equinor Completes Oil Sands Exit with Athabasca Sale

Equinor, formerly called Statoil, received the Athabasca Oil shares in 2017 as part of a deal to sell its Kai Kos Dehseh oil sands project in the Canadian province of Alberta.

EIV Capital, ARM Energy Launch Upstream Investment Platform

Led by industry and investment veteran Claire Harvey, ARM Resource Partners will focus on acquiring passive oil and gas interests across the Lower 48.

TechnologySee More

E&P Plus Tech Trends: New Low-carbon Technologies

E&P Plus Tech Trends: New Low-carbon Technologies

Despite the challenges brought on by COVID-19, oil and gas companies are investing in low-carbon technologies, in line with the broader energy transition taking place across the industry.

Subsea 7 Wins Contract Offshore Angola from Chevron

Subsea 7 SA has been awarded a substantial contract by Chevron Corp. subsidiary Cabinda Gulf Oil Company Ltd. (CABGOC), the company said on Jan. 22.

Baker Hughes Says Energy Downturn to Bottom out This Year

Oilfield equipment and services provider Baker Hughes Co. on Jan. 21 joined larger rival Halliburton Co in saying the energy industry’s worst downturn in decades would turn a corner this year.

ChampionX CFO Jay A. Nutt to Retire, Kenneth Fisher Named as Successor

Fisher will resign from the board effective February 1, 2021.

Exploration & ProductionSee More

(Source: Shutterstock/Hart Energy)

Guyana-Suriname Basin Tops Oil Exploration Watch List

Some drilling results, however, show the basin is not without risk for oil and gas exploration companies.

OPEC Sees US Shale Output Recovering Further on Oil Rally

The outlook for U.S. shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, OPEC said on Jan.14, in a sign its policy of cutting output is helping rivals pump more.


Eyeing Exploration, Analysts Spotlight Wells to Watch

Though oil and gas companies’ plans are still developing, the Americas are expected to dominate high-impact exploration activity.

Barclays' annual E&P global spending survey forecasts another decline for 2021, though not as deep as 2020. (Source: Blue Planet Studio/Nattawit Khomsanit/

Barclays Forecasts Slight Uptick in Global E&P Spending

Some parts of the world are poised to see spending growth, while others remain in recovery mode during a “transition year” for the oil and gas industry.

TransactionsSee More

Oil and Gas Investor A&D Trends: Fools, Liars, Charlatans

Oil and Gas Investor A&D Trends: Fools, Liars, Charlatans

The oil and gas industry was not sunk, but 2020 did damage that will take time to assess before deeming it as salvageable or a wreck.

Marketed: Texas Operated Package in Chambers, Galveston and Brazoria Counties

The Oil & Gas Asset Clearinghouse is partnering with Sawtooth Operating Co. to market an operated working package that includes 58 wells in Chambers, Galveston and Brazoria counties, Texas.

HitecVision in Exclusive Talks to Buy Exxon Mobil’s UK North Sea Assets

Bids for Exxon Mobil's British North Sea oil and gas fields, which were expected to fetch about $1 billion, were due on Oct. 28, sources say.

Marketed: North Texas Operated Packages in Jack, Montague and Wise Counties

EnergyNet has been retained by undisclosed sellers for the sale of operated well packages in North Texas in Jack, Montague and Wise counties through sealed-bid offerings.

Policy & RegulationsSee More

Joe Biden energy

Column: Can Biden Transform the US Energy System?

The new president’s impact will likely be more on the micro than the macro level.

Chamber Shifts Position, Backs Emissions Laws

Group supports a market-based approach to accelerate reductions in greenhouse gases.

FERC Delivers Blow to Jordan Cove LNG Terminal

Oregon’s denial of a clean water permit is upheld by the commission.

Trump Administration Issues Last-minute Drilling Leases in Arctic Refuge

Formal issuance of the leases in Alaska's Arctic National Wildlife Refuge came a day before the inauguration of Democratic President-elect Joe Biden, who has pledged to ban new oil and gas leasing on federal lands.

MidstreamSee More

TC Energy

Oil and Gas Industry Stung by Biden’s Blow Against KXL

Analysts wonder if the timing portends trouble for infrastructure projects by the oil and gas industry with the new administration.

Shell Midstream Partners Names Ledbetter as Next CEO

New CEO is a veteran Shell executive from its pipeline and petrochemical units.

NGL Energy Partners Provides Update on Extraction Bankruptcy

Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.

Biden May Cancel Keystone XL Pipeline Permit as soon as First Day

President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day, according to a source familiar with his thinking.