Permian

Trends

Energy A&D Transactions from the Week of May 11, 2022

Here’s a snapshot of recent energy deals including the closing of PDC Energy’s $1.3 billion acquisition of private D-J Basin operator Great Western Petroleum plus the formation of a $1.1 billion renewable natural gas joint venture.

May 11, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 11, 2022)

Here’s a quicklist of oil and gas assets on the market including Gulf of Mexico package consisting of ORRI in 266 wells offshore Louisiana plus BlackBriar Royalty Austin Chalk and Eagle Ford properties.

May 11, 2022

Shale Plays , Midstream

US Oil Pipeline Operators Gear Up for Higher Shale Output

Analysts predict that operators could reach pre-pandemic crude oil production outputs by October 2022, with Permian Basin production expected to rise 5.7 MMbbl/d next year.

May 11, 2022

Earnings , Shale Plays

Occidental Petroleum Profit Tops Estimates Despite Lower Output

Occidental’s plan to produce oil while it develops technology to tap carbon emissions from fossil fuels gained a renewed vote of confidence after Warren Buffett’s Berkshire Hathaway raised its stake in the company to about 15.2%.

May 11, 2022

Shale Plays , Water Management

Aris Water Solutions Strikes Deal with Chevron in Permian Basin

Under the new agreement, Aris Water Solutions will provide produced water handling and recycling services in a portion of Chevron’s core position in the Delaware Basin of the Permian.

May 10, 2022

Lease Sales

Marketed: Macondo Fund IV Multibasin Mineral Package

Macondo Fund IV Ltd. retained RedOaks Energy Advisors for the sale of certain mineral properties located across four major basins: Midland, Delaware, D-J and Powder River.

May 10, 2022

Shale Plays , Pipelines

Plains All American Raises 2022 Profit Forecast as Permian Ramps Up

Plains said it added an additional 45,000 barrels a day of contracted short-term volumes to its Permian long-haul pipelines.

May 5, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 4, 2022

Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.

May 4, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 4, 2022)

Here’s a quicklist of oil and gas assets on the market including a Pin Oak Energy Partners operated Utica opportunity plus Vaquero Big Horn Basin operated properties in Wyoming.

May 4, 2022

People , Exploration & Production , Shale Plays

ConocoPhillips Promotes Jack Harper; Tim Leach Moves into New Role

Both Tim Leach and Jack Harper joined ConocoPhillips following the combination in 2021 of the company with Concho Resources, where Leach and Harper had served as CEO and president, respectively.

May 2, 2022