Chris
Mathews
Hart Energy
Shell Pauses Some Oil Drilling Operations as Storm Francine Approaches Texas Coast
Shell paused some drilling operations at its Perdido and Whale offshore platforms in the Gulf of Mexico in anticipation of Francine's approach.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row
The oil and gas rig count fell by one to 582 in the week to Sept. 6, the lowest since June.
Non-op Rising: NOG’s O’Grady, Dirlam See Momentum in Co-purchase M&A
Non-operated specialist Northern Oil & Gas is going after larger acquisitions by teaming up with adept operating partners like SM Energy and Vital Energy. It’s helping bridge a capital gap in the upstream sector, say NOG executives Nick O’Grady and Adam Dirlam.
ARC Resources Divests Non-core, Non-Montney Assets
ARC Resources did not provide additional information on the divested assets, which the company said had results in proceeds of $59.2 million.
Go Long: Exxon, EOG Extend Permian Laterals, Lead US Onshore Drilling
When it comes to drilling in U.S. onshore basins, no other operators are drilling more than Exxon Mobil and EOG Resources, according to Enverus data.
OPEC+ Agrees to Delay October Output Hike for Two Months, Sources Say
Oil prices edged up from multi-month lows on reports of an OPEC+ delay as well as a decline in U.S. inventories, though gains were capped by persistent demand concerns.
Mach Taps Equity Markets to Fund $136MM in Midcontinent M&A
Mach Natural Resources is offering to sell common units to fund two pending acquisitions in the Ardmore and Anadarko basins.
Brent Crude Falls $1/bbl on Demand Fears
Brent crude oil prices fell to $72.75 on Sept. 4 on fears about demand in the coming months as crude producers offered mixed signals about supply increases.
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.