Midcontinent

Earnings , Shale Plays

Devon, Chesapeake Report Higher Quarterly Profits on Crude Price Rally

Devon Energy and Chesapeake Energy joined other U.S. oil giants in reporting higher-than-anticipated quarterly profits for third-quarter 2022.

November 1, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 26, 2022

Here’s a snapshot of recent energy deals including NOG’s $330 million Permian Basin acquisition in Midland County, Texas, plus the closing of the $1.96 billion buyout of Shell Midstream.

October 26, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of Oct. 26, 2022)

Here’s a quicklist of oil and gas assets on the market including  Arkoma Drilling’s portfolio of Haynesville assets in North Louisiana plus the Gungnir Resources prospect in the northern D-J Basin in Wyoming.

October 26, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 19, 2022

Here’s a snapshot of recent energy deals including BP’s $4.1 billion acquisition of Houston-based Archaea Energy and Continental Resources’ take-private merger agreement.

October 19, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of Oct. 19, 2022)

Here’s a quicklist of oil and gas assets on the market including the sale of producing mineral and royalty assets in core positions across the Lower 48 including the Permian Basin, Williston, Eagle Ford, Marcellus and the Midcontinent being marketed by EnergyNet Indigo for a private seller.

October 19, 2022

Lease Sales

Marketed: Multibasin Producing Mineral, Royalty Assets

A private seller retained EnergyNet Indigo for the sale of a multibasin minerals and royalty interest opportunity including Permian Basin, Williston, Eagle Ford, Marcellus and the Midcontinent.

October 19, 2022

Exploration & Production , Markets , Shale Plays

Permian Basin, Haynesville Shale Key to Rising US Production

U.S. crude oil and natural gas production are expected to both rise slightly in November compared to the prior month aided mainly by the Permian Basin and Haynesville Shale.

October 18, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Continental Resources Agrees to Harold Hamm’s Boosted Take-private Offer

Continental Resources entered a merger agreement on Oct. 17 to be acquired for $74.28 per share, which represents a 15% premium to the closing price on June 13—the day before Hamm’s family disclosed their initial $70 per share proposal.

October 17, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of Oct. 12, 2022)

Here’s a quicklist of oil and gas assets on the market including the sale of certain nonoperated working interest properties in Henry Resources’ Melinda Lease in the Midland Basin in Upton County, Texas.

October 12, 2022

Business , Exploration & Production

US Midwest, Mountain West Oil Activity Declines in Third Quarter: Fed Survey

“There is downward pressure due to a slowing economy and inflation pressure is reducing demand,” said one executive who participated in the survey of oil firms operating in Kansas, Colorado, Nebraska, Oklahoma, Wyoming and parts of New Mexico.

October 10, 2022