United States

Public Capital , Earnings , Shale Plays

Occidental Petroleum Swings to Profit in Second Quarter

Oil and gas producer Occidental Petroleum said on Aug. 3 adjusted profit attributable to common stockholders stood at $311 million, or 32 cents per share, for the three months ended June 30.

August 3, 2021

Exploration & Production , Shale Plays

Permian Basin Production to Recover Completely by 2022: Report

Steady production growth and a positive investment outlook is expected to restore production of the Permian Basin to pre-pandemic levels by next year, according to a latest report by GlobalData.

August 3, 2021

Exploration & Production , Health, Safety & Environment

US Orders New Review of Drilling in Alaska Wildlife Refuge

The widely anticipated move comes two months after U.S. President Joe Biden’s administration suspended the nine leases in the Arctic National Wildlife Refuge pending an environmental analysis.

August 3, 2021

Lease Sales

Marketed: Black Stone Energy Interest in over 6,500 Wells

Black Stone Energy Co. LLC retained EnergyNet for the sale of interests in over 6,500 wells across the U.S. including throughout Arkansas, Kansas, Louisiana, New Mexico, Oklahoma and Texas.

August 3, 2021

Public Capital , Acquisitions & Divestitures , Midstream

HollyFrontier to Acquire Sinclair Oil Assets in $2.6 Billion Deal

Upon completion of the transaction, a new company—HF Sinclair Corp.—will replace HollyFrontier as the public company trading on the New York Stock Exchange.

August 3, 2021

Exploration & Production , Shale Plays

Pioneer Natural Resources Warns of Tepid Shale Growth in Coming Years

Pioneer CEO Scott Sheffield anticipates output in the Permian Basin to grow roughly 5%—in line with his own company’s planned production increases—over the coming years.

August 3, 2021

Lease Sales

Marketed: Mammoth Exploration Conventional Permian Basin Footprint

Mammoth Exploration retained RedOaks Energy Advisors for the sale of certain Permian Basin properties concentrated in Andrews and Crane counties, Texas, and New Mexico’s Lea County.

August 3, 2021

Infrastructure , Health, Safety & Environment , Construction , Pipelines

Energy Policy Watch: Dispelling Myths Clouding the Future of Pipelines

A majority of Americans favor pipelines and the intensity of that support is increasing, said AOPL President and CEO Andy Black during this wide-ranging discussion on pipeline safety, cybersecurity threats and what canceling a pipeline means for the environment.

August 3, 2021

Public Capital , Energy Transition , Shale Plays

Vine Energy Aims for Haynesville First through RSG Partnership

Plano, Texas-based Vine Energy aims to become the first natural gas producer in the Haynesville Basin to certify 100% of its assets as “responsibly sourced” through an agreement with Project Canary.

August 2, 2021

Public Capital , Earnings , Exploration & Production , Shale Plays

Diamondback, Continental, Pioneer’s Earnings Lifted by Higher Oil Prices

While Diamondback Energy and Continental Resources beat Wall Street profit estimates, Pioneer Natural Resources only met expectations, but declared an inaugural variable dividend to be paid during the third quarter.

August 2, 2021