United States

Public Capital , Emissions , Energy Transition , Shale Plays

Marcellus Shale Pioneer Launches ‘Responsibly Sourced’ Pilot Project

Marcellus Shale operator Range Resources entered into a pilot program with Project Canary to utilize its Canary X continuous monitoring technology at two pad locations in southwestern Pennsylvania.

June 16, 2021

Exploration & Production

Ring Energy Brings Northwest Shelf Wells Online in Permian Basin

Successful results from Ring Energy’s development program in the Permian Northwest Shelf are “encouraging and reinforce our confidence in the strong inventory of drilling locations on our NWS acreage,” says CEO Paul D. McKinney.

June 16, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of June 16, 2021

Here’s a snapshot of recent energy deals including Occidental Petroleum’s $508 million asset sale in the Permian Basin plus an Eagle Ford deal by Earthstone Energy.

June 16, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of June 16, 2021)

Here’s a quicklist of oil and gas assets on the market including a Midland Basin royalty position plus a Grenadier Energy Wolfcamp Shale Permian Basin package and an IOG Oklahoma STACK nonoperated opportunity.

June 16, 2021

Crude Oil

US Crude Oil Stockpiles Drop Sharply: Report

Analysts said the 7.4 million-barrel drawdown in crude stocks in the week to June 11 to 466.7 million barrels, the fourth consecutive weekly decline, augurs for improved demand in coming weeks.

June 16, 2021

Business , Digital Oilfield , Acquisitions & Divestitures

Enverus Acquires Largest Provider of Title Plant Access in Texas, New Mexico

Enverus’ acquisition of Integrity Title comes roughly a week after the company closed on a recent investment made through the sale of majority ownership to Hellman & Friedman.

June 16, 2021

People , Energy Transition

Oil Sector’s ESG Push Opens Door for New Leaders

New focus on ESG initiatives present opportunities for new leaders, including more women, in the oil and gas industry.

June 16, 2021

Lease Sales

Marketed: IOG Oklahoma STACK Nonoperated Properties

IOG Capital LP retained RedOaks Energy Advisors for the sale of nonoperated working interest properties in the STACK play of Oklahoma in Major, Dewey, Blaine, Woodward and Custer counties.

June 16, 2021

Exploration & Production , Legislation , Lease Sales

Federal Judge Halts Biden’s Pause on Oil and Gas Leasing

The Interior Department said it would comply with the ruling by a federal judge in Louisiana, but did not say when oil and gas leasing on public lands might resume.

June 16, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Shell’s Potential Permian Basin Exit Seen as Bellwether for Shale Demand

The potential sale of Shell’s Permian holdings, located in Texas, would be a litmus test of whether rivals are willing to bet on shale’s profitability through the energy transition to reduce carbon emissions.

June 16, 2021