Deon
Daugherty
Hart Energy
Private Producers Find Dry Powder to Reload
An E&P consolidation trend took out many of the biggest private producers inside of two years, but banks, private equity and other lenders are ready to fund a new crop of self-starters in oil and gas.
SandRidge Closes $144MM Western Anadarko Basin Acquisition
SandRidge Energy’s deal, with an undisclosed party, adds net production of 6,000 boe/d (40% oil) in Ellis and Roger Mills counties, Oklahoma.
DNO Buys Stakes in Five Norwegian Sea Fields from Vår Energi
DNO’s acquisition of stakes from Vår Energi includes interests in four producing fields—Norne, Skuld, Urd and Marulk— and the Verdande development.
Chevron Boosts Oil, NatGas Recovery in Gulf of Mexico
Chevron’s Jack/St. Malo and Tahiti facilities have produced 400 MMboe and 500 MMboe, respectively.
Midcon Momentum: SCOOP/STACK Plays, New Zones Draw Interest
The past decade has been difficult for the Midcontinent, where E&Ps went bankrupt and pulled back drilling activity. But bountiful oil, gas and NGL resources remain untapped across the Anadarko, the SCOOP/STACK plays and emerging zones around the region.
Analyst: US NGL Market Tightens Links to Crude, NatGas Production
A boost in propane and ethane development is tied to the opening of the Matterhorn Pipeline in the Permian, evidence of the increasingly closer link between different sectors of the energy industry.
Bakken Pipeline’s Oil-to-NGL Switch Could Prove Costly
Kinder Morgan’s challenge to ONEOK over Bakken NGL could upset the market’s balance.
Shell Sells Pipeline, Terminal Assets to Edgewater Midstream
Shell is selling its Sinco pipeline system and Colex terminal assets that have been historically integrated with the Deer Park Refinery, which Shell sold to Pemex in 2022.
Libya's Oil Output Falls More Than Half Due to Political Standoff
More than half of Libya's oil production, or about 700,000 bbl/d, was offline on Aug. 29 and exports were halted at several ports as a standoff between rival political factions over the central bank and oil revenue threatens to end a four-year period of relative peace.
Why Buying Double Eagle Does (and Doesn’t) Make Sense for Ovintiv
Proceeds from an Ovintiv divestiture in the Uinta Basin could help fund a deal for Double Eagle’s Midland Basin assets, but analysts say the money could just as easily be used for debt reduction.