Canada
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of July 29, 2020
Here’s a snapshot of recent energy deals including a multimillion-dollar acquisition by ConocoPhillips in Canada’s Montney Shale plus CNX Resources’ buyout of its midstream affiliate.
Public Capital , Unconventional , Shale Plays , Acquisitions & Divestitures
ConocoPhillips Extends Montney Shale Position with $375 Million Acquisition
ConocoPhillips agreed to pay Kelt Exploration roughly $375 million in cash for 140,000 net acres directly adjacent to the company’s existing position in Canada’s Montney Shale.
Crude Oil , Storage , Pipelines
Enbridge Makes Deal to Store Canadian Crude in Mainline as Oil Glut Grows
Mainline pipeline moves about 3 MMbbl/d of western Canadian oil.
Business , Shale Plays , Acquisitions & Divestitures , Trends
E&P A&D Playbook: Trends in US Land Prices
This play-by-play takes a deep look into pricing trends across six key oil and gas basin areas, including the two most active gas plays and the U.S. Gulf of Mexico.
Infrastructure , Health, Safety & Environment , Construction , Pipelines
US Court Rules Against Keystone XL Permit
In a new setback for the crude pipeline project, a judge rules that the Army Corps of Engineers violated the law in approving a permit in 2017.
Construction , Pipelines
TC Energy to Build Keystone XL Pipeline
Construction will lead to thousands of new jobs, billions in economic stimulus and enhanced North American energy security.
People , Exploration & Production
Murphy Oil CEO Takes Medical Leave over Coronavirus Concerns
In the interim, David Looney, Murphy Oil’s executive vice president and CFO, will temporarily assume RogerJenkin’s responsibilities as president and CEO.
Construction
Coast With The Most
Work on storage and export facilities on the water ramped up as 2019 came to a close.
International , Emissions
Canadian Oil Problems May Force Trudeau, Foe To Cooperate
Abandonment of oil sands project costs Alberta thousands of jobs to be created.
Unconventional , Conventional , Drilling , Completions
Acoustic Imaging Tool Provides 360-degree Downhole View
The approach leverages sound waves to give operators eyes inside their wellbores.