Midcontinent
Public Capital , People , Exploration & Production , Shale Plays
Shale Producer Ovintiv Promotes Brendan McCracken to President
Brendan M. McCracken succeeds Michael McAllister, Ovintiv’s former president who retired in June after 20 years with the company and nearly 40 years in the industry.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Nov. 11, 2020
Here’s a snapshot of recent energy deals including the merger of Denver-Julesburg Basin producers Bonanza Creek Energy and HighPoint Resources in a $376 million deal.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Nov. 11, 2020)
Here’s a quicklist of oil and gas assets on the market including a package of operated Oklahoma assets in Ellis County from Kaiser-Francis Oil plus Winfield Resources’ horizontal Marcellus wellbore-only interests in Pennsylvania.
Rig Counts , Unconventional , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of Nov. 9, 2020)
The U.S rig count is up 14% over the last month with the largest gains in the Gulf Coast and Permian Basin regions.
Lease Sales
Marketed: Kaiser-Francis Oil Operated Oklahoma Package, Ellis County
Kaiser-Francis Oil Co. retained EnergyNet for the sale of an operated package of assets in Oklahoma’s Ellis County through an auction closing Dec. 2.
Public Capital , Earnings , Exploration & Production , Shale Plays
US Shale Producer Marathon Oil Posts Fourth Straight Quarterly Loss
Marathon Oil reported a loss of $317 million, or 40 cents per share, for the quarter ended Sept. 30, compared to a profit of $165 million, or 21 cents per share, a year earlier.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of Nov. 4, 2020
Here’s a snapshot of recent energy deals including the closing of Warren Buffet’s Berkshire Hathaway acquisition of the Dominion gas business worth nearly $10 billion acquisition plus the sale of Schlumberger’s rod-lift business to Lufkin Industries.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Nov. 4, 2020)
Here’s a quicklist of oil and gas assets on the market including a Permian Basin well package operated by Apache Corp. plus Royal Blue Minerals II’s Williston Basin position.
Rig Counts , Unconventional , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of Nov. 2, 2020)
The U.S. rig count rose 11% in October but was down 60% year-over-year.
People , Exploration & Production , Acquisitions & Divestitures
Forty Under 40: Abdalla Ali, Wayfinder Resources
Today’s featured Forty Under 40 honoree is Abdalla Ali, vice president of engineering at Wayfinder Resources, a Houston-based onshore oil and gas company with assets in the Anadarko Basin of Oklahoma.