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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.
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.
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.
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.
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
![CEO Richard Dealy: Pioneer Gears Up to Test Permian’s Woodford, Barnett Zones [WATCH]](/sites/default/files/styles/featurable_list_image/public/image/2023/03/ceo-richard-dealy-pioneer-gears-test-permians-woodford-barnett-zones-watch.jpg?itok=5IoUSKPx)
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