Permian

Lease Sales

Marketed: BHCH Mineral Legacy Mineral, Royalty Portfolio

BHCH Mineral Ltd. retained TenOaks Energy Advisors for the sale of an undivided 50% of its legacy mineral and royalty portfolio located across numerous basins in the continental U.S. broken up into four sub-packages.

July 27, 2021

Public Capital , Private Equity , Investment , DUG Permian , DUG Eagle Ford , Midstream Texas , Mergers , Midstream , Gathering & Processing

Experts: Midstream M&A Primed to Take Off

DUG Permian panelists acknowledge the challenges posed by ESG and climate concerns in the post-COVID finance environment, but expect cheap debt and higher valuations to push midstream deals forward.

July 27, 2021

Public Capital , Earnings , Shale Plays

Pioneer Natural Resources Warns of $832 Million Loss for Quarter

Pioneer Natural Resources is expecting to report a total net loss on derivatives of about $1.5 billion for the first half of the year, the Permian Basin producer said in a regulatory filing.

July 27, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures

Lime Rock Resources Acquires ‘Unique Opportunity’ in $500 Million Permian Deal

Lime Rock Resources reached a definitive agreement to buy oil and gas properties in the Permian Basin for $508.3 million from an undisclosed private seller. 

July 26, 2021

Rig Counts , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of July 26, 2021)

The largest increases to the rig count in the last week were in the Permian Basin and Anadarko Basin.

July 26, 2021

Lease Sales

Marketed: Gary Permian Delaware Basin Development, Pecos County, Texas

Gary Permian LLC retained PetroDivest Advisors for the sale of oil and gas properties, leasehold and related assets within the southern Delaware Basin in Pecos County, Texas.

July 26, 2021

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (July 23, 2021)

Wolfcamp discoveries by Shell in the Permian Basin plus six stacked-laterals planned for an EOG Resources drillpad in the Powder River Basin top this week’s oil and gas drilling activity highlights from around the world.

July 23, 2021

Lease Sales

Marketed: Delaware Basin Working Interest, XTO Karino Unit, Pecos County, Texas

Texas Independent Exploration Ltd. retained EnergyNet Indigo for the sale of nonoperated working interest within XTO Energy’s Karino Unit located within the Delaware Basin in Pecos County, Texas.

July 23, 2021

Shale Plays , Pipelines

Kinder Morgan Says Permian Basin, Haynesville Will Need New Natural Gas Pipelines

Kinder Morgan CEO Steven Kean told analysts during a conference call late on July 21 that the Permian Basin will probably need another gas pipeline in the middle of the decade.

July 23, 2021

Shale Plays , Gathering & Processing , Construction

Pinnacle Midstream Finalizes Development of Midland Basin Gas Processing Complex

Construction of the gas processing facility in Midland County, Texas, initiates Phase II development of Pinnacle Midstream’s Dos Picos System in the Midland Basin.

July 22, 2021