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.
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.
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.
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.
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.
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.
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.
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.
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.
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.