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Shale 2022: Top 40 US Shale Players
Hart Energy highlights the latest activity details from the supermajors, public and private companies that lead U.S. shale production.
Royal Dutch No More: Shell Officially Changes Name
Shell announced the change in November as part of a move to London from The Hague, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas.
Marketed: Pivotal Petroleum Partners Arkoma Basin Sale
Pivotal Petroleum Partners retained TenOaks Energy Advisors for the sale of certain nonoperated properties located in the liquids-rich core of the Arkoma Basin in Oklahoma.
Evolution Petroleum Enters Williston Basin with Nonop Deal
Evolution Petroleum closed the acquisition of 50% of certain interests held by privately-owned Foundation Energy Management within the Williston Basin for $25.9 million.
Top Five Market Shifts and Their Implications for OFSE Sector
There are fundamental market shifts and implications—but more importantly, strategies—for oilfield services and equipment companies confronting the energy transition.
Marketed: Stewart Family Foundation D-J Basin Producing, Undeveloped Minerals
Stewart Family Foundation retained Meagher Energy Advisors for the sale of producing and undeveloped minerals within the core of the D-J Basin in Colorado’s Weld County.
Encino Acquisition Partners Co-founder, Executive Chairman John Pinkerton Retires
John H. Pinkerton co-founded Encino Acquisition Partners in 2017 following a 22-year career as president and CEO of Range Resources Corp.
US Drillers Cut Oil Rigs for First Time in 13 Weeks
U.S. oil rigs fell by one to 491 this week, while gas rigs rose four to 113, their highest since January 2020, according to the closely followed Baker Hughes report.
Mexico Power Reform Bill in US Sights as Granholm Makes Case for Renewables
U.S. Energy Secretary Jennifer Granholm outlined an “enormous opportunity for renewable energy in North America,” Mexico’s Foreign Minister Marcelo Ebrard said on Twitter after the meeting.
D&I in the Energy Workplace: How to Make Real Progress
As the oil and gas industry moves toward a low-carbon future, experts take a closer look at the industry’s progress and next steps for a more diverse and inclusive workforce.
Value of Geoscience for Carbon Capture, Storage and Utilization
By capitalizing on the latest technology advances and the integration of multidisciplinary skills and data, geoscience has a critical role to play in de-risking for CCUS development.
Opinion: Attracting the Oil and Gas Exec of the Future Requires Industry Transformation
Analyzing the relationship between executives within the oil and gas and technology sectors is crucial so a new pipeline of talent can be formed and the skills gap can be avoided.
Schlumberger's Profit Jumps as Higher Oil Prices Spur Drilling Demand
Schlumberger's fourth-quarter adjusted net income rose to $587 million, or 41 cents per share, above Wall Street estimates of 39 cents per share, according to Refinitiv IBES.
Energy Transfer to Supply Gas to Texas Power Plants in Feb Freeze Dispute
Energy Transfer has agreed to sell Vistra gas through March 31 under the same terms and conditions in place since Dec. 1.
Houston’s GATE Energy Awarded Major CCUS Project with E&P Operator
"This award reiterates GATE's position as the global leader in the energy transition,” Karthik Annadorai, executive vice president of GATE Energy, said.
Morgan Stanley Expects Oil at $100 a Barrel in Second Half of 2022
The investment bank said key oil products markets are showing "steep backwardation and inventories that have fallen to low levels."
Oil majors TotalEnergies and Chevron Withdraw from Myanmar
Myanmar has been in turmoil since the army overthrew the elected government last year.
Unit Corp. Seeking $1 Billion Sale of Anadarko, Gulf Coast Gas Assets
Unit Corp., which filed for bankruptcy in May 2020 at the height of a slump in oil prices, has reached out to interested parties for a divestiture of its upstream subsidiary Unit Petroleum Co., sources say.
Lawsuit Alleges Charif Souki Defrauded Tellurian Investor in Short-seller Battle
Tellurian shareholder Chris Parker filed a breach of contract lawsuit with the U.S. District Court in Denver seeking unspecified damages from Chairf Souki, founder of the U.S. LNG company.
Permian Basin: High Oil Price Breathes New Life into US Shale
The 2020 price drop almost killed the U.S. industry, but oil production has since rebounded to record levels—led by the Permian Basin—despite political pressure. Still, will OPEC end the Permian party?
Texas Cold Snap Arrives as RRC Says Natgas Industry is Ready
The Texas Railroad Commission, which oversees the state’s gas industry, said in a release on Jan. 19 that about 98% of the facilities its inspectors visited since the end of last summer were already winterized.
Marketed: Samson Oil and Gas Williston Basin Acquisition Opportunity
Samson Oil and Gas USA Inc. retained BOK Financial Securities for the sale of producing properties in Montana and North Dakota in the Williston Basin.
Crestwood Promotes CFO Robert Halpin to President Among Several Organizational Changes
In addition to Robert Halpin’s promotion, Crestwood also announced the promotions of Diaco Aviki to executive vice president and COO and Joanne Howard to senior vice president of sustainability and corporate communications.
Austin, Texas-based Studio X Names Jeff Allyn as CEO
Jeff Allyn joins Studio X, a global innovation studio powered by Shell, with more than 25 years of experience in leadership roles, driving expansion of startups and large business units.
US Crude Oil Stockpiles Rise for First Time Since November
Crude inventories in the U.S. rose by 515,000 barrels in the week to Jan. 14 to 413.8 million barrels, compared with analysts’ expectations in a Reuters poll for a 938,000-barrel drop.
Delfin Nearing FID on US Gulf of Mexico LNG Project, CEO Says
Delfin is one of a dozen or so North American LNG export projects that delayed decisions to start construction in 2020 and 2021 in part because coronavirus demand destruction.
Marketed: Ichor Energy Operated Conventional Oil Assets
Ichor Energy LLC retained Stephens Inc. for the sale of its operated conventional oil assets primarily located near the Texas-Louisiana border in the Hackberry reservoirs.
Seneca Resources Shares Results of Frac Fleet Study with NexTier
Pennsylvania shale operator Seneca Resources explains why it ultimately chose Tier 4 dual fuel equipment after a comprehensive study with NexTier Oilfield Services.
West Virginia Dry Gas Producer Northeast Natural Energy Achieves Certification
Northeast Natural Energy is the first West Virginia-based company to achieve independent certification under both the MiQ and Equitable Origin Standard.
Brazil, Guyana and Suriname to Take First Steps Toward Energy Alliance
Leaders of the states will meet to discuss projects including new roads, bridges and energy projects that could reshape the region's economy.