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.
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.”
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.
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.
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.
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.
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.
Golden Gate Capital Launches Infrastructure Platform, Buys Waterfield Midstream Assets
Stonehill Environmental Partners to provide water pipeline disposal and recycling infrastructure solutions.
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.
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.
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.
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.
