Public Capital

Public Capital , Company Profiles , Shale Plays , Trends

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.

July 26, 2021

Public Capital , Earnings , Markets , Energy Transition

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.

July 23, 2021

Public Capital , Unconventional , Shale Plays , Technology

ConocoPhillips Sees More Upside with Technology Post Concho Deal

ConocoPhillips continues to find ways to improve through the use of refracs, simul-fracs and other technologies, says Jack Harper, former Concho exec now leading Conoco’s Permian Basin team.

July 23, 2021

Public Capital , Emissions , Shale Plays

Shale Gas Producer CNX Resources Achieves Net Carbon Negative Status

CNX Resources reported it is net carbon negative for Scope 1 and 2 emissions—unique in the natural gas upstream and midstream sectors, according to the shale gas producer.

July 22, 2021

Public Capital , Earnings , Midstream

Kinder Morgan Trims Annual Earnings Outlook on Lower Volumes

Pipeline operator Kinder Morgan took a non-cash impairment charge of $1.6 billion in the second quarter related to anticipated lower volumes and rates on contract renewals for its South Texas natural gas processing and gathering assets.

July 22, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Whiting Petroleum to Exit D-J Basin in A&D Double Play

Whiting Petroleum entered into separate definitive agreements totaling $458 million to acquire Williston Basin assets in North Dakota and divest all its oil and gas assets in the D-J Basin of Colorado.

July 21, 2021

Public Capital , Emissions , Energy Transition , Shale Plays

Hess Sets ‘Aggressive’ Emission Reduction Targets as ESG Performance Soars

Hess was recognized as the No. 1 energy company on the 100 Best Corporate Citizens list for its outstanding ESG transparency and performance this past year, the global independent oil and gas company said.

July 21, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Earthstone Updates Guidance after Closing Latest Permian Acquisition

So far in 2021, Earthstone Energy has completed two acquisitions in the Permian Basin and announced another in the Eagle Ford Shale for a total of $360 million spent in aggregate acquisitions, says CEO  Robert J. Anderson.

July 21, 2021

Public Capital , Acquisitions & Divestitures

Woodside Shares Fall on Speculation It Is Eyeing BHP’s Oil and Gas Assets

BHP and Woodside Petroleum declined to comment on what both companies called “market speculation.”

July 21, 2021

Public Capital

Kimmeridge Criticizes High Executive Pay by US Oil Producers

Short-term incentive payout as a percentage of target exceeded 100% for 7 of the 27 U.S. oil and gas companies reviewed by Kimmeridge, with CNX Resources, Range Resources, EQT and APA, formerly Apache, at the top of the list.

July 21, 2021