United States
Acquisitions & Divestitures , Exploration & Production , Trends
Brett: Oil M&A Outlook is Strong, Even With Bifurcation in Valuations
Valuations across major basins are experiencing a very divergent bifurcation as value rushes back toward high-quality undeveloped properties.
Lease Sales
Marketed: BKV Chelsea 214 Well Package in Marcellus Shale
BKV Chelsea has retained EnergyNet for the sale of a 214 non-operated well package in Bradford, Lycoming, Sullivan, Susquehanna, Tioga and Wyoming counties, Pennsylvania.
Field Development , Discoveries
Santos’ Pikka Phase 1 in Alaska to Deliver First Oil by 2026
Australia's Santos expects first oil to flow from the 80,000 bbl/d Pikka Phase 1 project in Alaska by 2026, diversifying Santos' portfolio and reducing geographic concentration risk.
Pipelines , Service & Supply , Natural Gas
Ozark Gas Transmission’s Pipeline Supply Access Project in Service
Black Bear Transmission’s subsidiary Ozark Gas Transmission placed its supply access project in service on April 8, providing increased gas supply reliability for Ozark shippers.
Pipelines , Earnings
Kinder Morgan Sees Need for Another Permian NatGas Pipeline
Negative prices, tight capacity and upcoming demand are driving natural gas leaders at Kinder Morgan to think about more takeaway capacity.
Dividends/Buybacks
Matador Resources Announces Quarterly Cash Dividend
Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
Dividends/Buybacks
EQT Declares Quarterly Dividend
EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.
Shale Plays , Natural Gas , Crude Oil
EIA: Permian, Bakken Associated Gas Growth Pressures NatGas Producers
Near-record associated gas volumes from U.S. oil basins continue to put pressure on dry gas producers, which are curtailing output and cutting rigs.
Shale Plays , Acquisitions & Divestitures
Benchmark Closes Anadarko Deal, Hunts for More M&A
Benchmark Energy II closed a $145 million acquisition of western Anadarko Basin assets—and the company is hunting for more low-decline, mature assets to acquire.
International , Natural Gas , Crude Oil
US Orders Most Companies to Wind Down Operations in Venezuela by May
The U.S. Office of Foreign Assets Control issued a new license related to Venezuela that gives companies until the end of May to wind down operations following a lack of progress on national elections.