Midcontinent
Lease Sales
Marketed: Foundation Energy Operated Well Package in Arkansas, Oklahoma
Foundation Energy retained EnergyNet for the sale of a 278 well package with operations in various counties across Arkansas and Oklahoma through a sealed-bid offering closing Oct. 14.
Unconventional , Markets , Shale Plays
US Shale Production to Rise on Projected Permian Basin Boost
The projected increase in oil and gas production follows recent reports by the EIA of a sharp decline in the DUC count in all major U.S. shale regions.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Sept. 15, 2021
Here’s a snapshot of recent energy deals including the sale by Colgate Energy of the Permian Basin water assets it had recently acquired as part of its $508 million acquisition from Occidental Petroleum.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Sept. 15, 2021)
Here’s a quicklist of oil and gas assets on the market including EnerVest Utica Shale nonop and ORRI assets plus Sabine Oil & Gas operated East Texas properties and an Eagle Ford mineral position.
Rig Counts , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of Sept. 13, 2021)
The largest week-over-week changes to the U.S. rig count occurred in the Anadarko Basin and the Gulf Coast regions.
Business , Emissions , Energy Transition , Technology , Midstream
Chevron Forms JV to Advance Carbon Capture from Midcon, Gulf Coast Operations
Chevron’s partnership with Enterprise Products Partners has the potential to advance the U.S. oil major’s ongoing work to grow its lower carbon businesses with commercial scale, says Jeff Gustavson, president of Chevron New Energies.
Lease Sales
Marketed: Producing Midcon Properties Primarily in Kansas
Woolsey Operating LLC retained RedOaks Energy Advisors for the sale of certain operated and nonoperated properties in the Midcontinent primarily located in Kansas.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Sept. 8, 2021
Here’s a snapshot of recent energy deals including Enbridge’s $3 billion purchase of the largest crude export terminal in North America located along the Texas Gulf Coast.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Sept. 8, 2021)
Here’s a quicklist of oil and gas assets on the market including Revolution Resources’ West Edmond Hunton Lime Unit–a mature, free cash flow asset in the Midcontinent with shallow-decline, oil-weighted production.
Acquisitions & Divestitures
Tom Ward-led Group Closes Gas-weighted Bolt-on in Anadarko Basin
A JV between Tom Ward’s Mach Resources and Houston-based private equity firm Bayou City Energy Management recently closed the acquisition of producing properties primarily across Oklahoma’s Blaine, Custer and Dewey counties.