GOM
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Oct. 20, 2021
Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.
Public Capital , Exploration & Production , Emissions , Energy Transition , Technology
Talos Energy Furthers Carbon Capture Drive with New Partnership
One of the U.S. Gulf of Mexico’s largest public independent producers, Talos Energy launched an initiative earlier this year to target carbon capture and storage opportunities along the U.S. Gulf Coast.
Public Capital , Earnings
Shell Flags $400 Million Hit from Hurricane Ida to Earnings
However, in an update ahead of quarterly results this month, Shell also flagged a boost to cash flows from soaring natural gas and electricity prices.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Oct. 6, 2021)
Here’s a quicklist of oil and gas assets on the market including BC Operating Delaware Basin properties plus a California Resources San Joaquin Basin opportunity and Utica Shale wells operated by Southwestern Energy.
Field Development
Shell Restarts Gulf of Mexico Olympus Platform after Hurricane
Shell, the largest U.S. Gulf of Mexico oil producer, was the hardest-hit producer from Ida, which tore through the Gulf in August and removed 28 million barrels of oil from the market.
Deepwater
Top 12 Recent Gulf of Mexico Discoveries
July 2021: Walker Ridge Block 758 Discovery Tested Flowing 5,701 bbl of Oil, 12.77 MMcf of Gas per Day
Exploration & Production , Crude Oil
US Oil Output Rises Driven by Gains in Texas, Gulf of Mexico
Crude output was lifted by production gains in Texas and offshore in the Gulf of Mexico. Production in the second-largest oil-producing state, North Dakota, fell 9,000 bbl/d from a month earlier, according to an EIA report.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Sept. 29, 2021)
Here’s a quicklist of oil and gas assets on the market including Centennial Resource Development Delaware Basin assets, a Bayou Oak nonop Haynesville position plus several Continental Resources packages in the Midcontinent region.
Field Development , Deepwater
BP Starts Production at Thunder Horse Expansion Project in Gulf of Mexico
Thunder Horse South Expansion Phase 2 completes the program of five major project start-ups planned by BP for 2021.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Sept. 22, 2021
Here’s a snapshot of recent energy deals including Shell’s U.S. shale exit through the $9.5 billion cash sale of its Permian Basin position to ConocoPhillips.