United States

Business , Unconventional , Shale Plays , Completions

Report: US Fracking Services Won’t Recover to Pre-pandemic Levels until 2025

A recovery in demand for hydraulic fracturing services will be "slow and painful," says Thomas Jacob, vice president of shale research at Rysta Energy.

September 22, 2020

Restructurings , Trends

Opinion: Rising Bankruptcy Toll Shows US Oil Patch Is Not ‘OK Now’

Business failures pile up despite Donald Trump trumpeting the oil and gas sector’s recovery.

September 22, 2020

Unconventional

Matador Resources Releases Permian Basin Boros Well Results

Matador said it remains on track to turn all of the remaining Boros wells to sales over the next two weeks as originally planned and previously announced.

September 22, 2020

Restructurings , Public Capital , Exploration & Production , Enhanced Oil Recovery , Storage

Denbury Resumes Trading on NYSE after Emerging from Bankruptcy

Denbury will now focus on leveraging its expertise and strategic assets into an emerging carbon capture, use and storage business following completion of its financial restructuring, CEO Chris Kendall says.

September 22, 2020

Crude Oil , Trade , International , Midstream

Column: China’s US Crude Oil Imports to Hit Record in September

Vessel-tracking and port data compiled by Refinitiv indicates China will import 867,300 bbl/d of U.S. crude oil in September, exceeding 653,870 bbl/d in August and 693,500 bbl/d in July.

September 22, 2020

Investment , Emissions , Renewables

Challenges Facing Budding US Offshore Wind Sector

Policy and permitting, the environment and metocean conditions, and infrastructure were among the topics discussed as companies aim to advance projects.

September 21, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Sept. 21, 2020)

U.S. drillers added oil and gas rigs for the second time in three weeks as a recent increase in energy prices from coronavirus-linked lows prompted some to return to the wellpad.

September 21, 2020

Public Capital

Occidental Petroleum to Pay Dividend to Buffett’s Berkshire in Cash

Occidental Petroleum said Sept. 21 it will pay a $200 million quarterly dividend to Warren Buffett's Berkshire Hathaway in cash instead of common stock, even as the company tries to reduce debt.

September 21, 2020

Public Capital , People , Midstream

TC Energy CEO Russ Girling to Retire by Year-end

TC Energy COO François Poirier will take over as president and CEO after the Canadian pipeline operator’s current boss Russ Girling retires at the end of this year.

September 21, 2020

Lease Sales

Marketed: Producing Royalty Assets, Karnes County, Texas

Bellatorum Phalanx Investments retained EnergyNet for the sale of producing mineral and royalty interests in a five-well package located in Karnes County in South Texas through an auction closing Oct. 6.

September 21, 2020