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Hart Energy’s Unconventional Activity Tracker

Rig Counts

Hart Energy Unconventional Activity Tracker (Week of July 26, 2021)

The largest increases to the rig count in the last week were in the Permian Basin and Anadarko Basin.

What’s Affecting Oil Prices This Week? (July 26, 2021)

Crude Oil

What’s Affecting Oil Prices This Week? (July 26, 2021)

Back on trend? Stratas Advisors is projecting that demand will continue to outstrip supply throughout the rest of the year in its latest oil price forecast.

Shell Green-lights Giant Gulf of Mexico Deepwater Project

Public Capital

Shell Green-lights Giant Gulf of Mexico Deepwater Project

The deepwater development, named Whale, was discovered in the U.S. Gulf of Mexico’s Alaminos Canyon Block 773 by operator Shell and partner Chevron in 2017.

MarketsSee More

What’s Affecting Oil Prices This Week? (July 26, 2021)

What’s Affecting Oil Prices This Week? (July 26, 2021)

Back on trend? Stratas Advisors is projecting that demand will continue to outstrip supply throughout the rest of the year in its latest oil price forecast.

US Weighs Crackdown on China’s Import of Iranian Oil

Chinese refiners are the biggest importers of Iranian oil. That U.S. officials are hinting at a possible crackdown may be a veiled threat that Washington has ways to exact a price from Tehran, says analyst.

Climate Policies Unlikely to Disrupt Oil Demand Growth, Study Shows

Climate Policies Unlikely to Disrupt Oil Demand Growth, Study Shows

High levels of government intervention in climate policy will likely not slow down oil demand over the next decade, new study says.

Opinion: OPEC+ Deal Should End $100 Oil Predictions

So far the evidence from crude oil demand appears to favor the bearish narrative that the world economic recovery is not happening fast enough, especially in the top oil-importing region of Asia.

BusinessSee More

Oil and Gas Investor Enerplus CEO Q&A: Doubling Down on the Bakken

Oil and Gas Investor Enerplus CEO Q&A: Doubling Down on the Bakken

The original Canadian royalty trust and one of the first E&Ps to explore the Bakken Shale, Enerplus Corp. remained under the radar for many years—until now. The conservative Calgary producer re-emerges with two fast deals and a basket of new top-tier inventory.

Retired Marathon Oil Exec Mitch Little Joins Helix Energy Solutions

T. Mitch Little previously served as executive vice president of operations for Marathon Oil from August 2016 until his retirement in December 2020

NextEra Energy’s Profit Energized by Renewable Demand Surge

NextEra Energy has recently seen its investor base rise, as countries and corporations move further away from fossil fuels, and last year had briefly pipped Exxon Mobil Corp. as the largest U.S. energy firm by market value.

Energy ESG Awards

Hart Energy Launches Energy ESG Awards Program

The awards program will recognize oil and gas companies that are ahead of the curve in meeting ESG goals.

TechnologySee More

Neptune Energy’s Wells Digitized with Gaming Tech to Enhance Production, Cut Costs

Neptune Energy Digitizes Wells with Gaming Tech to Enhance Production, Cut Costs

The new digital twins of Neptune’s wells were developed in collaboration with InformatiQ, a leading oil and gas data visualization specialist that combines infrastructure, wells and geology data to create detailed 3D models.

Schlumberger's Profit Beats Forecast as Margins Soar on Revenue Gains

Oilfield services giant Schlumberger NV issued a bullish forecast for 2021 on July 23 as second-quarter profit topped estimates due to surging margins, with a rebound in oil prices boosting demand for its software and equipment.

Enteq Upstream Appoints Suki Gill as Vice President of Business Development

Enteq Upstream, the oilfield services technology and equipment supplier, has appointed Suki Gill as the vice president of business development to drive the company’s technology growth, Enteq said on July 21.

TotalEnergies, Technip Partner to Advance Low-Carbon Solutions for LNG, Offshore Facilities

TotalEnergies and Technip Energies signed a technical cooperation agreement on July 21 to jointly develop low-carbon solutions for LNG production and offshore facilities to accelerate the energy transition.

Exploration & ProductionSee More

Shell Green-lights Giant Gulf of Mexico Deepwater Project

Shell Green-lights Giant Gulf of Mexico Deepwater Project

The deepwater development, named Whale, was discovered in the U.S. Gulf of Mexico’s Alaminos Canyon Block 773 by operator Shell and partner Chevron in 2017.

Greenland Ends Unsuccessful 50-Year Bid to Produce Oil

Greenland has ended its 50-year ambition to become an oil producing nation after announcing on July 16 it would suspend a strategy of searching for oil and would stop granting exploration licenses.

US Natgas Producers Hope Customers Will Pay More for 'Green Gas'

U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is "greener gas" that has been certified as coming from low-emission operations or from renewable sources such as landfills.

Midland TX - Permian Basin - G B Hart/Shutterstock.com

Permian Tech Talk

In this roundtable, Baker Hughes, NOV and TGS experts share their insights on latest technology innovations and happenings in the Permian Basin. 

TransactionsSee More

Oil and Gas Investor A&D Trends: Automatic Earth

Oil and Gas Investor A&D Trends: Automatic Earth

After months of buying and selling chaos, oil and gas A&D finally went full-on Adderall as it barreled into the official start of summer.

Marketed: Delaware Basin Working Interest, XTO Karino Unit, Pecos County, Texas

Texas Independent Exploration Ltd. retained EnergyNet Indigo for the sale of nonoperated working interest within XTO Energy’s Karino Unit located within the Delaware Basin in Pecos County, Texas.

Marketed: Pony Oil Operating Delaware Minerals Acquisition Opportunity

Pony Oil Operating LLC retained Detring Energy Advisors for the sale of its oil and gas mineral and royalty interests in the Delaware Basin located throughout New Mexico’s Lea and Eddy counties.

Energy A&D Transactions from the Week of July 21, 2021

Here’s a snapshot of recent energy deals including Kinder Morgan’s entry into the energy transition space through a $310 million acquisition. 

Policy & RegulationsSee More

Home to some of what Scott Angelle calls the most environmentally advantaged barrels, the U.S. has an opportunity to import less energy from places with higher carbon intensities, he says. (Source: Contributed/Shutterstock.com)

Q&A: Scott Angelle on the Environmental Advantage of US Oil, Gas

Former BSEE director Scott Angelle shares his thoughts on the energy transition and why the U.S. has some of the most environmentally advantaged barrels compared to other parts of the world.

Canada's Quebec Rejects LNG Export Project, Citing Environmental Concerns

The Canadian province of Quebec on July 21 rejected a LNG export project for the Port of Saguenay, citing environmental concerns, in the latest blow to North American LNG development.

US, Germany Deal on Nord Stream 2 Pipeline Draws Ire of Lawmakers in Both Countries

The agreement  will resolve a long-standing dispute over the $11 billion pipeline, now 98% complete, being built under the Baltic Sea to carry gas from Russia's Arctic region to Germany.

US, Germany to Vow Action on Russia in Nord Stream 2 Deal

U.S. officials insist they continue to oppose the Nord Stream 2 gas pipeline, but said the U.S.-German agreement would mitigate the possibility of Russia using energy as a weapon.

MidstreamSee More

Pete Bowden, global head of energy and power at Jefferies LLC; Brett Knowles, vice president of EnCap Flatrock Midstream; and Bill Brown, managing director and executive vice president of energy banking for Cadence Bank, at the DUG Permian and Eagle Ford Conference & Exhibition. (Source: Joseph Markman/Hart Energy)

Experts: Midstream M&A Primed to Take Off

DUG Permian panelists acknowledge the challenges posed by ESG and climate concerns in the post-COVID finance environment, but expect cheap debt and higher valuations to push midstream deals forward.

Energy Transfer Says Addressed Most DAPL Safety Issues Raised by PHMSA

PHMSA on July 22 put Energy Transfer on notice for the probable violations pertaining to the operation of the Dakota Access Pipeline and proposed a civil penalty against it.

US Regulator Issues Notice to Dakota Access Pipeline over Safety Concerns

The PHMSA recommended a civil penalty of $93,200 against Energy Transfer, operator of the Dakota Access Pipeline, for the violations and said failure to correct the issues may result in further enforcement action.

Kinder Morgan Says Permian Basin, Haynesville Will Need New Natural Gas Pipelines

Kinder Morgan CEO Steven Kean told analysts during a conference call late on July 21 that the Permian Basin will probably need another gas pipeline in the middle of the decade.