North America

Public Capital , Earnings , Exploration & Production

Murphy Oil Moves HQ to Houston after ‘Unprecedented’ Oil Price Collapse

The move means shuttering its legacy headquarters office in El Dorado, Ark., where Murphy Oil was formed by its namesake in 1944.

May 7, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of May 6, 2020

Here’s a snapshot of recent energy deals including Shell’s multimillion-dollar exit from Appalachia Shale plus HighPeak Energy’s new merger agreement following a scuttled deal in the Permian Basin.

May 6, 2020

Exploration & Production

Data Show Pemex Increased Oil Production, Refining in March

Mexico agreed to a 100,000-bbl/d output cut as part of an initiative by the OPEC+ group to push up plummeting oil prices by withdrawing barrels from an oversupplied market. The cuts will be put in place this month.

May 6, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 4, 2020)

The oil-rig count in the U.S. has now declined for seven weeks in a row, implying upcoming declines in domestic crude output.

May 4, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

ConocoPhillips to Shut In over 30% of Oil Production

ConocoPhillips plans to bring total cuts across its North American operations to 460,000 bbl/d by June, which represents a third of the company’s first-quarter oil production on a net basis, CEO Ryan Lance says.

April 30, 2020

Earnings

Mexico’s Pemex Posts Massive $23.6 Billion 1Q Loss

The quarterly loss far exceeded the 35.7 billion peso loss during the January to March period last year and comes as the coronavirus pandemic has cratered demand for crude oil globally.

April 30, 2020

Drilling , Acquisitions & Divestitures

Midland, Texas-based Intrepid Directional Drilling Doubles Business with Acquisition

“We strongly believe that expanding our business at this time will allow us to better meet our customers’ needs as the market continues to evolve in the coming years,” Intrepid President Clint Leazer says.

April 30, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of April 27, 2020)

As of April 19, the number of active rigs in the Permian Basin is down 43% year-over-year, while Appalachian rig activity is down 41%, according to Enverus Rig Analytics.

April 27, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy’s Unconventional Activity Tracker (Week of April 20, 2020)

As of this week, the rig count decline is nearing the decline of 2015. It fell about 10 rigs per day this week and in 2015-2016, it fell about 12-15 per day.

April 20, 2020

Business , Acquisitions & Divestitures

EnergyNet Launches New Platform Tailor-made for Higher Valued Assets

The new online A&D platform, named EnergyNet Indigo, will feature upstream oil and gas asset deals valued from $20 million to more than $250 million.

April 17, 2020