United States
Reservoir Evaluation , Energy Transition , Shale Plays , Enhanced Oil Recovery , Seismic
Colorado School of Mines Hosts Spring 2021 Reservoir Characterization Project
The Spring 2021 meeting of the Colorado School of Mines’ Reservoir Characterization Project featured field projects around the globe including a Permian Basin project operated by Apache.
Public Capital , Acquisitions & Divestitures
Diversified Energy CEO Expects Company to Grow ‘Substantially’ by Acquisitions
Unlike most U.S. producers, Diversified, which this month changed its name from Diversified Gas & Oil, does not drill new wells, but buys mature gas fields and focuses on slowing their decline rates.
Public Capital , Shale Plays , Acquisitions & Divestitures
Callon Petroleum Discloses $40 Million Permian Basin Divestiture
The divestiture primarily comprise natural gas-producing properties in the western Delaware Basin of the Permian and also include a small undeveloped acreage position, Callon Petroleum said.
Business , Natural Gas , Emissions , Energy Transition , Shale Plays
Project Canary Forms Partnership with Colorado’s Largest Energy Provider
Its latest pilot project includes a deal with electric and gas utility Xcel Energy to buy natural gas for its Colorado customers produced by Crestone Peak Resources and certified as “responsibly sourced” by Project Canary.
Lease Sales
Marketed: PetroRock Cat Canyon Oil Field, Santa Barbara County, California
PetroRock LLC retained TenOaks Energy Advisors for the sale of certain operated properties in the Cat Canyon oil field in the Santa Maria Basin in California’s Santa Barbara County.
Rig Counts
US Drillers Add Oil Rigs as Crude Futures Rise
U.S. oil rigs rose eight to 352 this week, their highest since April 2020, while gas rigs fell three to 100 in their biggest weekly decline since July 2020.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (May 14, 2021)
A Mississippi Canyon-Pliocene discovery by LLOG Exploration in the U.S. Gulf of Mexico plus Chesapeake and Southwestern Marcellus Shale wells and an EOG Powder River completion top this week’s oil and gas drilling activity highlights from around the world.
Influential Women , Shale Plays
Women in Energy: Jennifer McCarthy, Alta Resources
Today’s featured 25 Influential Women in Energy honoree is Jennifer McCarthy, president and COO of Alta Resources LLC based in Houston.
Public Capital , Earnings
California Resources Launches $150 Million Share Buyback Program
As California Resources is tracking to the high end of 2021 free cash flow guidance, the company will look for additional ways to return capital to our shareholders as the year progresses, CEO Mac McFarland says.
Markets , Midstream
Biden Says Fuel Shortages from Pipeline Shutdown to End in Days
Some markets “may experience, or continue to experience, intermittent service interruptions,” Colonial Pipeline said in a statement, echoing Biden who said earlier there could be “hiccups.”