The Latest

Infrastructure, Construction, Pipelines

Oil and Gas Industry Stung by Biden’s Expected Blow Against KXL

Analysts wonder if the timing portends trouble for infrastructure projects by the oil and gas industry with the new administration.

January 19, 2021

Restructurings, Public Capital, Exploration & Production, Shale Plays, Gathering & Processing

NGL Energy Partners Provides Update on Extraction Bankruptcy

Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.

January 19, 2021

Lease Sales

Marketed: Unit Petroleum Operated Kansas Properties

Unit Petroleum retained BOK Financial Securities for the sale of producing operated properties and associated water and gathering lines in central Kansas.

January 19, 2021

Rig Counts, Unconventional, Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Jan. 18, 2021)

The U.S. rig count rose by 10 in the last week, according to Enverus which also notes that the count is down less than 1% in the last month and down 50% year-over-year.

January 19, 2021

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

ConocoPhillips Completes Concho Acquisition; Tim Leach Joins Leadership

The Concho acquisition gives ConocoPhillips about 700,000 net acres in the Permian Basin—more than quadruple the size of its previous position in the Permian.

January 19, 2021

Infrastructure, Construction

Biden May Cancel Keystone XL Pipeline Permit as soon as First Day

President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day, according to a source familiar with his thinking.

January 18, 2021

Public Capital, Exploration & Production, Shale Plays

SEC Launches Probe of Exxon Mobil on Permian Basin Asset Valuation

Several people involved in valuing the Exxon Permian Basin asset during an internal assessment in 2019 said employees were being forced to use unrealistic assumptions, according to a report from the Wall Street Journal.

January 15, 2021

Highlights, Shale Plays

Best of This Week’s Drilling Activity Highlights (Jan. 15, 2021)

New Gulf of Mexico discovery by LLOG in the Mississippi Canyon Block 503 plus several Appalachian Basin completions including three Marcellus Shale discoveries from Chesapeake Energy top this week’s drilling activity highlights from around the world.

January 15, 2021

Rig Counts, Unconventional

Chart: Midcontinent, Permian Basin Rig Count as of January 15, 2021

Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10

January 15, 2021

Rig Counts, Unconventional

Chart: Eastern Rig Count as of January 15, 2021

Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia

January 15, 2021