Devon Energy Targets Oil Transformation By Year-End 2019
Oklahoma City-based Devon Energy launched plans for its transformation on Feb. 19 including the possible sale or spin-off of its Canadian and Barnett Shale assets.
February 19, 2019
Permian
EIA: US Shale Oil Production To Hit Record In March
Production increases in the Permian Basin, the biggest oil patch in the U.S., and the Bakken has led overall output increases in the country over the past year, the EIA says.
February 19, 2019
Three Rivers Returns With Riverstone Commitment For Up To $500 Million
Three Rivers IV LLC emerged earlier this month following an equity commitment of up to $500 million by Riverstone Holdings to focus on oil and gas acquisition opportunities in the Permian Basin.
February 19, 2019
Mid-Con Energy Reveals Over $87 Million In Deals Including Texas Exit
In a two-hitter, Mid-Con Energy agreed to sell substantially all of its Texas properties while also picking up producing Oklahoma properties.
February 19, 2019
Frac Sand Supplier U.S. Silica Posts Smaller-Than-Expected Loss
U.S. Silica Holding has been investing in this unit as it records slowing growth in its oil and gas proppant segment, with oil producers hampered by tight pipeline capacity and lower crude prices holding back on completing wells.
February 19, 2019
Smid-Cap Oil And Gas Stocks At Bargain Prices
Analysts name small- and midcap stocks to watch this year and into 2020.
February 18, 2019
US Drillers Add Oil Rigs For Second Week In A Row
Companies added three oil rigs in the week to Feb. 15, bringing the total count to 857, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
February 15, 2019
US Shale Executives Predict Permian Oil Production Constraints To Remain
Drilling curbs by oil producers in the Permian Basin, the largest U.S. shale field, will continue until transport bottlenecks ease and investors stop punishing companies, executives say.
February 15, 2019
Marketed: Over 1 Million Acres Of Government Oil And Gas Leases
EnergyNet has been retained to handle state and federal oil and gas lease sales across the U.S. including nearly 1 million acres for lease in Wyoming alone.
February 15, 2019
Double Eagle Energy: Natural-Born Deal Makers
Double Eagle Energy Holdings III LLC’s young co-CEOs have seen life-altering success in Oklahoma and Permian Basin deals. But it’s a renewable resource—relationships, that is—that powers the company.
February 14, 2019