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.

May 14, 2021

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.

May 14, 2021

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.

May 14, 2021

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.

May 14, 2021

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.

May 14, 2021

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.

May 14, 2021

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.

May 14, 2021

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.

May 14, 2021

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.

May 14, 2021

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.”

May 14, 2021