North America

Public Capital , Shale Plays , Acquisitions & Divestitures

Exxon Mobil to Market up to $1 Billion in Canadian Shale Assets

Exxon Mobil and affiliate Imperial Oil each own 50% of XTO Energy Canada, operator of their Canadian shale business.

January 14, 2022

Private Equity , People , Midstream

EnCap Flatrock Midstream Promotes Morriss Hurt to Managing Partner, COO

Morriss L. Hurt, who formerly founded The Encino Group, has contributed to the growth and success of EnCap Flatrock Midstream on every front since its formation, says EFM Managing Partner and Founder Billy Lemmons.

January 13, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 12, 2022

Here’s a snapshot of recent energy deals including UpCurve II’s initial acquisition in the Permian Basin plus a surprise $3.25 billion cash acquisition announced by Enterprise Products Partners.

January 12, 2022

Petrochemicals , Policy & Regulations , Acquisitions & Divestitures

US Court Rejects Bid to Block Sale of Texas Oil Refinery to Mexico’s Pemex

Owners of a Mt. Vernon, N.Y., coin-operated laundromat who filed the lawsuit, claimed the sale of Shell’s Texas oil refinery to Mexico’s Pemex would raise U.S. gasoline prices, harm their customers and reduce their profits.

January 7, 2022

Crude Oil , Pipelines

TC Energy’s Keystone Pipeline Resumes Operations After Unplanned Maintenance

TC Energy said the unplanned maintenance on the Keystone oil pipeline began on Jan. 4 as parts of western Canada grappled with frigid winter weather. TC’s Gulf Coast operations in the U.S. were uninterrupted.

January 6, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 5, 2022

Here’s a snapshot of recent energy deals including back-to-back deals by Lime Rock Resources in the Williston Basin and Eagle Ford Shale totaling $358.5 million plus a slew of transactions completed by the end of the year.

January 5, 2022

Rig Counts , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Jan. 4, 2022)

The U.S. rig count is down 0.7% in the last month, but up 75% year-over-year, according to Enverus Rig Analytics.

January 4, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Dec. 29, 2021

Here’s a snapshot of recent energy deals including Earthstone Energy’s entry into the Delaware Basin plus the closing of Pioneer Natural Resources’ $3.25 billion exit from the Permian sub-basin.

December 29, 2021

Rig Counts , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Dec. 27, 2021)

According to Enverus Rig Analytics, the U.S. rig count is nearing levels seen in March 2020, the start of COVID-related shutdowns.

December 27, 2021

Exploration & Production , Acquisitions & Divestitures , Mergers

Tamarack Valley Energy to Acquire Privately Held Oil Producer Crestwynd

The Crestwynd acquisition will further establish Tamarack Valley Energy’s position as a leading Clearwater operator and give it the largest position in the southern part of the play, the company said.

December 22, 2021