Permian

Crude Oil , Pipelines

Magellan Exploring Options for its Permian Longhorn Crude Pipe

The 450-mile (724 km) Longhorn pipeline can transport up to 275,000 barrels per day (bbl/d) of crude from West Texas to Houston.

December 9, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Dec. 8, 2021

Here’s a snapshot of recent energy deals including the closing of Shell’s Permian Basin exit through a $9.5 billion deal with ConocoPhillips plus a Centennial Resource Development asset sale.

December 8, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of Dec. 8, 2021)

Here’s a quicklist of oil and gas assets on the market including an EOG Resources Montana Bakken Shale package plus Pioneer Natural Resources Ector County, Texas leasehold within the Permian Basin.

December 8, 2021

Lease Sales

Marketed: Kaiser-Francis Operated Wells across West Texas

Kaiser-Francis Oil Co. retained EnergyNet for the sale of operated working interest in 19 wells plus HBP leasehold acreage across West Texas in Andrews, Pecos, Ward, Winkler and Yoakum counties.

December 7, 2021

Shale Plays , Digital Oilfield , Completions , Pressure Pumping

U.S. Well Services to Deploy E-frac Services in Permian Basin, Eagle Ford for Callon Petroleum

U.S. Well Services inked a contract to deploy its electric pressure pumping fleet across the Permian Basin and Eagle Ford for the operating subsidiaries of Callon Petroleum Co.

December 7, 2021

Rig Counts , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Dec. 6, 2021)

The U.S. rig count rose 3% in the last month with 19 rigs added in the Permian Basin alone, and several operators are planning to drill for more gas.

December 6, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners

The properties sold include approximately 6,200 net leasehold acres located on the southernmost portion of Permian Basin pure-play Centennial Resource Development’s Reeves County, Texas position.

December 6, 2021

Lease Sales

Marketed: Working Interest in Midland Basin Wells Operated by Apache, Pioneer

Riverbend Oil & Gas VII LLC retained EnergyNet for the sale of working interest in a well package operated by Apache  and Pioneer within the Midland Basin in Upton County, Texas.

December 6, 2021

Public Capital , Emissions , ESG , Shale Plays

Exxon Mobil Sets Net-zero Goal for Permian Basin Operations by 2030

Exxon Mobil also said it plans to eliminate routine flaring in Permian Basin operations by the end of 2022.

December 6, 2021

Public Capital , Earnings , Shale Plays

ConocoPhillips Forecasts Rise in 2022 Shareholder Returns Totaling $7 Billion

Truist Securities analyst Neal Dingmann called the news “quite positive,” saying the new return structure and tepid production growth are what ConocoPhillips investors have been calling for.

December 6, 2021