More Top Stories in Shale Plays

Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle

As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.

October 11, 2024

Post Oak Capital Backs Permian Team, Invests in Haynesville

Frost Cochran, managing partner at Post Oak Energy Capital, said the private equity firm will continue to focus on the Permian Basin while making opportunistic deals as it recently did in the Haynesville Shale.

October 11, 2024

ONEOK’s EnLink/Medallion Deal is Market-wise, Financially Astute

In addition to bolstering its multi-basin network, ONEOK pulled off a $5.9 billion transaction while leaving its credit rating intact.

October 11, 2024

Utica Oil: EOG’s New Downspacing Test Came on With 1,108 bbl/d

EOG Resources’ five-well Shadow pad surfaced 72,022 bbl its first 13 days online.

October 11, 2024

‘Worried’ E&Ps Keep Merging as Shale Ages, Costs Rise—Kimmeridge

With just half as many public E&Ps around today as there were in 2017, Kimmeridge and Managing Partner Ben Dell think the E&P space still has—and needs—plenty more M&A.

October 11, 2024

Atlas Commissions 42-mile Dune Express Conveyor, Lowers 3Q Guidance

Atlas Energy Solutions said its Dune Express proppant conveyor remains on time and on budget, but the company expects lower revenue and EBITDA for the third quarter.

October 10, 2024

LNG Sector Under Fire as Activists’ Lawsuits Surge

ESG litigation is increasingly affecting the LNG industry while, more broadly, nearly 70% of climate-related cases are filed in the U.S.

October 10, 2024

APA Curtails Natgas, NGL Output Amid Low Waha Prices

Apache parent APA Corp. curtailed more natural gas and NGL output than previously anticipated as it realized just $0.15/Mcf in the U.S.

October 10, 2024

After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory

After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.

October 10, 2024

Election-proof? Shale Likely Unaffected by Presidential Outcome

Under a Trump or Harris administration, shale producer’s focus on shareholder returns and market forces will likely influence E&Ps more than politics, Rystad Energy analysts say.

October 9, 2024