Trump Administration Issues Last-minute Drilling Leases in Arctic Refuge
Formal issuance of the leases in Alaska's Arctic National Wildlife Refuge came a day before the inauguration of Democratic President-elect Joe Biden, who has pledged to ban new oil and gas leasing on federal lands.
OPEC ‘Cautiously Optimistic’ Oil Market Will Recover in 2021
Oil prices have rallied to an 11-month high this month, helped by a Jan. 5 decision by most members of OPEC+ to hold production steady in February and a pledge by Saudi Arabia to voluntarily cut output.
EIV Capital, ARM Energy Launch Upstream Investment Platform
Led by industry and investment veteran Claire Harvey, ARM Resource Partners will focus on acquiring passive oil and gas interests across the Lower 48.
Oil and Gas Industry Stung by Biden’s Expected Blow Against KXL
Analysts wonder if the timing portends trouble for infrastructure projects by the oil and gas industry with the new administration.
NGL Energy Partners Provides Update on Extraction Bankruptcy
Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.
IndustryVoice: Case Study—Using AI-powered rig scheduling software to reduce cost and increase efficiency
Adopting a fit-for-purpose rig scheduling software helped this independent operator bring wells on line faster and allowed them to plan budgets and resources more accurately.
Oil Billionaire Takes Active Stake in Hard-hit ProPetro
Prominent shale investor Dan Wilks on Jan. 19 reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp. through an investment vehicle.
Marketed: Unit Petroleum Operated Kansas Properties
Unit Petroleum retained BOK Financial Securities for the sale of producing operated properties and associated water and gathering lines in central Kansas.
Hart Energy Unconventional Activity Tracker (Week of Jan. 18, 2021)
The U.S. rig count rose by 10 in the last week, according to Enverus which also notes that the count is down less than 1% in the last month and down 50% year-over-year.
Houston-based Datagration Acquires Mosaic Petroleum Analytics
Datagration has acquired Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs, on Jan. 19.
IEA Cuts Oil Demand Outlook Due to COVID-19 Resurgence
The emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.
E&P Plus Digital Solutions: AI-powered Gas Leak Detection Technology Improves Workplace Safety
The new AI module provides pattern-finding automation for gas leak detection.
