The Latest

Public Capital, Exploration & Production, Shale Plays, Acquisitions & Divestitures

Contango Oil & Gas Snags Oily, Low-decline Assets in $58 Million Deal

Contango Oil & Gas agreed to pay $58 million in cash for the acquisition of PDP heavy reserves located in in the Big Horn, Permian and Powder River basins made via a bank-owned liquidation of assets.

December 3, 2020

Investment, Shale Plays, Acquisitions & Divestitures

Bellatorum Resources Launches $100 Million Fund Targeting Texas Royalty Acquisitions

Capital raised for Bellatorum Resources’ latest fund will be used to purchase oil and gas royalties in Texas, including in the Permian Basin, Eagle Ford Shale, Haynesville Shale, and Barnett Shale plays.

December 3, 2020

Public Capital, Exploration & Production, Shale Plays

Oil Major Chevron Makes Billions in Spending Cuts Despite Restructuring

Chevron's 2021 Permian Basin spending of $2 billion is half of what it planned at the start of 2020 and lower than 2019 levels of $3.6 billion, says Biraj Borkhataria from RBC Capital Markets.

December 3, 2020

Lease Sales

Marketed: Tyner Energy North Midland Basin Package

Tyner Energy retained EnergyNet for the sale of a North Midland Basin package comprised of non-producing leasehold acreage in Dawson and Martin counties, Texas, through a sealed-bid offering closing Dec. 10.

December 3, 2020

Public Capital, Exploration & Production, Crude Oil, Mergers

Pioneer’s Sheffield: Few Independents Will Survive Oil Downturn

The consolidation trend among oil and gas producers will continue, Pioneer CEO Scott Sheffield says, before vaccines pave the way for recovery.

December 3, 2020

Unconventional, Top IP Wells

Top 12 IP Wells in Utica Shale

December 2020: Utica Shale Well in Jefferson County Flows 38.403 MMcf/d.

December 3, 2020

Public Capital, Exploration & Production, Health, Safety & Environment, Emissions, Shale Plays

Shale Producer Pioneer Natural Resources Sets Targets to Reduce Emissions

Pioneer Natural Resources Co. set targets to reduce its greenhouse gas and methane emissions on Dec. 2, becoming the latest oil and gas company to set long-term climate goals.

December 2, 2020

Business, DUG East, Marcellus–Utica Midstream, Health, Safety & Environment, Emissions, Shale Plays

Virtual DUG East: ESG—There’s Nowhere Left to Hide

A roundtable of oil and gas experts from Range Resources, Quantum Energy Partners and Babst Calland offered insights on why ESG dialogue is central to investment dollars during Hart Energy’s DUG East and Marcellus-Utica Midstream Virtual Conference.

December 2, 2020

Acquisitions & Divestitures, Trends, Mergers

Energy A&D Transactions from the Week of Dec. 2, 2020

Here’s a snapshot of recent energy deals including the closing of Southwestern Energy’s acquisition of Montage Resources plus the $44 billion all-stock merger of S&P Global and IHS Markit.

December 2, 2020

Lease Sales

On the Market Oil and Gas Quicklist (Week of Dec. 2, 2020)

Here’s a quicklist of oil and gas assets on the market including multiple Ascent Resources packages in the core of the Utica Shale in Ohio plus royalty acreage operated by Endeavor Energy Resources in the Permian Basin.

December 2, 2020