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Shale Plays
Exxon Mobil, Chevron Adjust in Permian Basin amid Market Volatility
The supermajors are focused on specific developments and improving efficiency in the Permian Basin as market conditions recover.
Research Points to Hidden Opportunities in Permian Basin
Some wells in the Permian’s Delaware sub-basin can clear a ‘10% half-cycle hurdle rate even with WTI below US$30/bbl,’ Wood Mackenzie says.
Experts: No Reservoir Damage for Production from Shut-In Shale Wells
Panelists agreed there are, however, exceptions. And costs could run from thousands to millions of dollars depending on services needed to restart production.
Looking for Economic Intervals in the Permian Basin?
Experts say electrofacies could prove beneficial for oil companies considering vertically unbounded wells in the Permian Basin.
The Latest
Public Capital, Earnings, Pipelines
Duke Takes $1.6 Billion Charge to Exit Atlantic Coast Pipeline
Duke Energy said it took a $1.6 billion after-tax charge for the cancellation of the Atlantic Coast natural gas pipeline. Project partner Dominion already took a $2.8 billion charge related to the cancellation.
August 10, 2020
Lease Sales
Marketed: Private Seller Delaware Basin Minerals Opportunity
A private seller retained Detring Energy Advisors to market for sale the associated mineral interests of the historic Hanging H Ranch asset located in the Delaware Basin in Reeves and Loving counties, Texas.
August 10, 2020
Rig Counts, Unconventional, Shale Plays
Hart Energy Unconventional Activity Tracker (Week of Aug. 10, 2020)
U.S. energy firms cut the number of oil and gas rigs over the past week to a record low for a 14th week even as higher oil prices prompt some producers to start drilling again.
August 10, 2020
Public Capital, Shale Plays, Acquisitions & Divestitures, Mergers
Montney Shale Consolidation Continues with Canadian Natural Resources Deal
Canadian Natural Resources’ agreement to acquire Montney producer Painted Pony follows the acquisition of Kelt Exploration’s position in the shale gas play by ConocoPhillips late last month.
August 10, 2020
Methane, Health, Safety & Environment, Emissions, Logistics
New Methane ‘Heat Map’ to Help Oil Companies Reduce Emissions
A new digital tool set for release later this year will provide the oil and gas industry with actionable satellite imagery for detection of high methane emissions events.
August 10, 2020
Public Capital, Exploration & Production, Shale Plays, Acquisitions & Divestitures, Midstream
Riviera Resources Plans to Sell Remaining Upstream Assets
Riviera Resources engaged EnergyNet to market its remaining upstream assets, CEO David Rottino says, with plans for the transactions to close by fourth-quarter 2020.
August 7, 2020
Investment, Emissions, Technology
Problems Plagued US Carbon Capture Project Before Shutdown
The plant was designed to capture 33% of the carbon emissions from one of four units at the W.A. Parish coal plant, and pipe it 81 miles to the West Ranch oil field in Jackson County, Texas, where it would push more oil to the surface.
August 7, 2020
Lease Sales
Marketed: 605 Property Package Across Arkansas, Colorado, Kansas, New Mexico, Oklahoma
EnergyNet has been retained by Map K&W-OK to offer for sale of a 605 property package located in various counties in Arkansas, Colorado, Kansas, New Mexico and Oklahoma through an auction closing Aug. 20.
August 7, 2020
Highlights, Shale Plays
Best of This Week’s Drilling Activity Highlights (Aug. 7, 2020)
Five Eagle Ford completions by EOG Resources at its McMullen County, Texas, pad plus results from Calyx Energy horizontal Mississippian wells top this week’s drilling activity highlights from around the world.
August 7, 2020
Pipelines
San Mateo Black River Oil Pipeline LLC Announces Binding Open Season
Stebbins Expansion Crude Oil Pipeline Project would expand San Mateo system in Eddy County, N.M.
August 7, 2020