Oil and Gas Investor A&D Trends: A&D Relapse

If dealmakers can get over the past year, with its misery as treacherous and deep as a river of mud, they may find a promising market in the months ahead.

April 16, 2021
Oil and Gas Investor A&D Trends: A&D Relapse

Apache Gains $147 Million from Change in Natgas Hedging Before Texas Freeze

Analysts at Cowen & Co. boosted their earnings estimates for Apache due to better-realized pricing, notably in gas that “reflect greater exposure to daily pricing versus bid week.”

April 16, 2021

California Resources Appoints TJ Cepak as Board Chairman

The appointment of Tiffany “TJ” Thom Cepak as board chairman replaces Mark A. “Mac” McFarland, who was named as permanent president and CEO of California Resources last month.

April 16, 2021

Washington State Plans Ban on Sale of Gas-powered Cars by 2030

The move by Washington state to stop sales of gas-powered cars comes as efforts to boost adoption of electric vehicles are accelerating over concerns about fossil fuels’ contribution to climate change.

April 16, 2021
Washington State Plans Ban on Sale of Gas-powered Cars by 2030

Marketed: Cross Plains Energy Partners Nonoperated Delaware Basin Properties

CPEP Management, an affiliate of Cross Plains Energy Partners, retained TenOaks Energy Advisors in connection with the potential sale of certain cash-generating wellbore-only properties located in the Delaware Basin.

April 16, 2021

US Drillers Add Oil, Gas Rigs for Fifth Week in a Row

The oil and gas rig count rose seven to 439 in the week to April 16, Baker Hughes Co. said in its weekly report.

April 16, 2021

Best of This Week’s Drilling Activity Highlights (April 16, 2021)

Production starts at a Shell-operated venture in the Gulf of Mexico, a horizontal Woodford Shale completion in Pecos County, Texas, plus Crestone Peak Niobrara wells in Colorado’s Arapahoe County top this week’s oil and gas drilling activity highlights from around the world.

April 16, 2021
Best of This Week’s Drilling Activity Highlights (April 16, 2021)

Golden Gate Capital Launches Infrastructure Platform, Buys Waterfield Midstream Assets

Stonehill Environmental Partners to provide water pipeline disposal and recycling infrastructure solutions.

April 16, 2021

Canadian Lawmakers Call for Action from US, Canadian Leaders in Enbridge Pipeline Dispute

Michigan Gov. Whitmer has ordered Enbridge to shut Line 5 over leakage concerns.

April 16, 2021

Official: DAPL Closure Could Shut 400,000 bbl/d of N.D. Oil Output

US District Court judge is considering the Dakota Access Pipeline case concerning Energy Transfer’s asset.

April 16, 2021
Official: DAPL Closure Could Shut 400,000 bbl/d of N.D. Oil Output

E&P Bankruptcies on Simmer in First Quarter

In a sign of possible attrition, there were no billion-dollar bankruptcies filed in the first quarter by oil and gas producers in North America, which hasn’t happened since third-quarter 2018, according to Texas-based law firm Haynes and Boone.

April 16, 2021
E&P Bankruptcies on Simmer in First Quarter

Shell Selects Siemens’ Polarion Software to Digitalize, Streamline Capital Project Data

Siemens Digital Industries Software has reported on April 15 that Royal Dutch Shell has selected Polarion Requirements software as the foundation for managing and streamlining the flow of requirements across Shell's global Capital Projects ecosystem.

April 16, 2021
Siemens