North America

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of Sept. 16, 2020

Here’s a snapshot of recent energy deals including BP’s $1.1 billion acquisition of U.S. offshore wind assets plus Northern Oil and Gas’ entry into the Permian Basin.

September 16, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Sept. 14, 2020)

The U.S. rig count rose by seven in the last week to 284. However, the count of oil and gas rigs operating remains down year-over-year by 69%.

September 15, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of Sept. 9, 2020

Here’s a snapshot of recent energy deals including the sale of Schlumberger’s fracking business, OneStim, to Liberty Oilfield Services and the dissolution of Ovintiv’s Duvernay Shale JV with PetroChina.

September 9, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Sept. 7, 2020)

Though the oil and gas industry has not recovered since the end of the second quarter, the Permian Basin remains the most active region.

September 8, 2020

Exploration & Production , Policy & Regulations

No New Oil Projects Expected in Mexican Plan, Industry Group Says

In July, private and foreign oil companies produced some 57,000 bbl/d in Mexico, up 45% year-on-year, according to government data. Pemex production in July stood at 1.55 million bbl/d, a record low.

September 4, 2020

Exploration & Production , Technology

E&P Tech: Tenaris Connector Makes Promising Field Debut Offshore Mexico

Recording zero rejects and zero re-makeups, the first running of TenarisHydril EasyDock connector was carried out successfully in Mexican shallow waters in the Gulf of Mexico.

September 3, 2020

Public Capital , Shale Plays , Acquisitions & Divestitures , Joint Ventures

Ovintiv, PetroChina Split Duvernay Assets in JV Breakup

The partnership dates back to December 2012 when PetroChina agreed to pay Ovintiv, going by Encana at the time, CA$2.18 billion for a 49.9% stake in its Duvernay shale prospect.

September 2, 2020

Restructurings , Public Capital , Shale Plays , Technology , Acquisitions & Divestitures

Shareholder Wilks Brothers to Launch Hostile Takeover Bid for Calfrac

Wilks Brothers, led by oil billionaires Dan and Farris Wilks, has been acquiring stakes in hard-hit U.S. service firms, previously making two bids for Calfrac's U.S. operations that were rejected.

September 2, 2020

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Sept. 2, 2020

Here’s a snapshot of recent energy deals including Panhandle Oil and Gas’ entry into the Haynesville Shale through the acquisition of two packages of royalty acreage from Red Stone Resources.

September 2, 2020

Public Capital , Shale Plays , Pressure Pumping , Acquisitions & Divestitures

Schlumberger Exits North America Fracking Business in OneStim Sale

The sale of the OneStim fracking business by Schlumberger to Liberty Oilfield Services is expected to create one of the largest pressure pumping companies in North America.

September 1, 2020