Private Equity , Unconventional , Acquisitions & Divestitures

Seneca Resources Sells Appalachia Assets to IOG Resources

The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d. 

November 22, 2022

Public Capital , Unconventional , Energy Transition

BP Praises Biden Climate Law While Expanding US Shale

The British company’s U.S. boss Dave Lawler says Biden’s Inflation Reduction Act has put the oil major’s green plans on “steroids.”

November 22, 2022

Unconventional , ESG , Completions

E-Frac ‘Better at Being a Neighbor’ than Traditional Systems

Changing capital cost models make e-frac systems within reach for more operators, according to Baker Hughes’ Steve Goldstein.

November 21, 2022

Executive Oil Conference , Unconventional , Natural Gas

Permian Gas Production Set to Rise 41% by 2030, Rystad Says

Gas production from the Permian Basin has already surpassed pre-pandemic highs and is slated to rise 41% by 2030 compared to current levels, according to Rystad Energy data.

November 21, 2022

Public Capital , Unconventional , Acquisitions & Divestitures

Diamondback Flexes Equity Muscles in $3.3 Billion Lario, FireBird Deals

Diamondback, Marathon Oil and Devon have dominated second-half M&A thanks to higher EBITDA multiples and yields than smaller E&P competitors can offer.

November 18, 2022

Executive Oil Conference , Unconventional , Energy Transition

Exclusive: Oxy’s Babatunde Cole Discusses Permian Basin Strategy [WATCH]

Babatunde Cole, the president and general manager of Occidental Petroleum’s Delaware Basin business unit, spoke to Hart Energy about how the Permian Basin fits within Oxy’s sustainable goals.

November 17, 2022

Unconventional , Shale Plays , Acquisitions & Divestitures

Diamondback Energy to Acquire Lario Permian for $1.55 Billion

The acquisition of Lario Permian follows Diamondback Energy’s agreement to acquire FireBird Energy in the Midland Basin last month.

November 16, 2022

Public Capital , Unconventional , Acquisitions & Divestitures

Exclusive: Diamondback’s Execution Machine and the Mythical Generalist Investor [WATCH]

Diamondback Energy’s president and CFO, Kaes Van’t Hof, spoke to Hart Energy about the return of the “mythical generalist investor” plus what’s next for the Permian company after closing its recent $1.6 billion acquisition.

November 16, 2022

Executive Oil Conference , Unconventional , Policy & Regulations

Diamondback CFO: Regulations May Ultimately Help the Industry

While uncertainty remains around the expected regulations resulting from the surprise EPA drop, “our shareholders demand we do better than the regulations anyway,” Diamondback Energy CFO Kaes Van’t Hof told attendees of Hart Energy’s Executive Oil Conference.

November 16, 2022

Earnings , Unconventional , Shale Plays

YPF Eyes Ambitious Capex Plan Driven by Vaca Muerta Operations

YPF, which set up a $4 billion capex plan for 2022, is still working on next year’s budget, CFO Alejandro Lew told investors on a call to discuss third-quarter results

November 10, 2022