More Top Stories in Shale Plays

Markets, Shale Plays

US Shale Basins Boast $54/bbl Average Breakeven Price

The average full-cycle breakeven for U.S. shale basins is approximately $54/bbl, while the average for public E&Ps and private operators is $53/bbl and $58/bbl, respectively, Wells Fargo said, citing Rystad Energy data.

March 24, 2023

Rig Counts

U.S. Drillers Add Oil and Gas Rigs for Second Week in a Row: Baker Hughes

Even though gas rig counts are currently up, analysts say drillers have been cutting rigs in some shale basins, especially the Haynesville due to higher production costs.

March 24, 2023

Exploration & Production, Shale Plays, Acquisitions & Divestitures, Trends

By Hook, Crook and Bolt-on, E&Ps Scramble to Add Inventory

Operators are adding inventory, largely through M&A, as some E&Ps see well productivity plateauing.

March 24, 2023

Shale Plays, Acquisitions & Divestitures

Vitol’s VTX Energy Partners Completes Southern Delaware Basin Deal

VTX Energy, backed by Swiss oil trader Vitol, purchased 35,000 net leasehold acres with an average production of 40,000 boe/d in the Delaware Basin’s Pecos and Reeves counties, Texas, in a deal Enverus said could be valued at $1.5 billion to $2 billion.   

March 23, 2023

Shale Plays, Pipelines

Argentina Plans Ramp Up of Production, Export Oil to Chile

Argentina looks to restart oil exports to Chile along the Trasandino Argentina SA (OTASA) oil pipeline over the next three to four months, Aleph Energy Managing Director Daniel Dreizzen told Hart Energy on the sidelines of CERAWeek by S&P Global.

March 23, 2023

Rig Counts, Natural Gas, Crude Oil, Shale Plays

Marcellus, Permian Add Rigs Despite Commodity Price Volatility

Gas-directed rig activity in key U.S. plays, including the Marcellus Shale and Permian Basin, increased in a big way last week, but analysts expect cuts to the rig count later this year.

March 23, 2023

Acquisitions & Divestitures, Trends, Mergers, Joint Ventures

Energy A&D Transactions from the Week of March 22, 2023

Here’s a snapshot of recent energy deals, including Canadian Pacific Railway’s $27 billion acquisition of Kansas City Southern, the only single-line crude-by-rail railroad connecting Canada, the U.S. and Mexico. 

March 22, 2023

Exploration & Production, Crude Oil, Energy Transition, Shale Plays

COO Richard Dealy: Pioneer Gears Up to Test Permian’s Woodford, Barnett Zones [WATCH]

Pioneer Natural Resources President and COO Richard Dealy discusses what's on tap for its Permian Basin, including electrification of fields, production growth, "decades of inventory" and wind turbines. 

March 21, 2023

Private Equity, Investment, Energy Transition, Shale Plays

Q&A: EnCap’s Thielemann: Private Equity ‘Survivors’ Poised to Thrive

EnCap private equity veteran Brad Thielemann discusses the role of private equity in traditional oil and gas investing — including the need to ramp up investments to meet demand — as well as its trajectory for financing the transitions ahead.

March 21, 2023

Service Contracts

Hi-Crush to Deploy Mobile Frac Sand Unit with Pioneer Natural Resources

Hi-Crush said it is deploying a second mobile damp sand mining unit with Pioneer Natural Resources following successful operations with the company in September 2022. 

March 21, 2023