Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 10, 2021)

The most active operator continues to be Permian Basin-focused Pioneer Natural Resources at 30 rigs, which includes nine more rigs after closing its acquisition of privately held DoublePoint Energy.

May 10, 2021

Energy Transition , Shale Plays , Technology

Ørsted Completes Permian Energy Center

The company's first utility-scale solar plus battery storage project of 460MWAC reaches commercial operation, making Ørsted the first developer to operate the full spectrum of new renewable technologies at utility scale in the U.S.

May 10, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Permian Producer Laredo Petroleum Strikes $715 Million Deal for Sabalo, Partner

In addition to the Sabalo deal, Laredo Petroleum also agreed to a partial sale of operated PDP reserves in gas-weighted legacy assets in Reagan and Glasscock counties, Texas, for $405 million.

May 9, 2021

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (May 7, 2021)

Marcellus and Utica shale discoveries, Diamondback completes a Wolfcamp producer in the Permian Basin plus an offshore prospect in the Gulf of Mexico’s Green Canyon Block top this week’s oil and gas drilling activity highlights from around the world.

May 7, 2021

Lease Sales

Marketed: Henry Resources Permian Basin Nonop Divestiture

Henry Resources LLC has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its nonoperated working interest properties in the Permian Basin across West Texas and southeastern New Mexico.

May 6, 2021

Public Capital , Shale Plays , Trends , Mergers

Pioneer’s Recent Multibillion-dollar Buying Spree Strengthens US Shale, CEO Says

Pioneer Natural Resources’s acquisition of privately backed DoublePoint Energy “helps the situation,” CEO Scott Sheffield said in reference to rising fears of a U.S. shale drilling binge.

May 6, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 5, 2021

Here’s a snapshot of recent energy deals including a Bakken deal between Oasis Petroleum and Diamondback Energy plus the sale of Hunt Oil’s Permian Basin asset in a transaction believed to be worth over $1 billion.

May 5, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 5, 2021)

Here’s a quicklist of oil and gas assets on the market including Fairway Resources Oklahoma properties and Kaiser-Francis Oil well package in Louisiana plus the offer from Centennial Resource Production to acquire or farm in certain operated assets in the Permian Basin of Reeves County, Texas.

May 5, 2021

Shale Plays , Acquisitions & Divestitures , Lease Sales

Chevron Offers $100 Million in Permian Basin Acreage as M&A Heats Up

Chevron set a May 20 deadline for bids on Permian Basin acreage holding more than 1,000 producing wells with $1.1 million in combined monthly revenue, according to a sales document.

May 4, 2021

Public Capital , Earnings , Shale Plays

Pioneer Natural Resources More than Doubles Profit in First Quarter

Pioneer Natural Resources, which operates in the Permian Basin in West Texas, said that its total output was 474,000 boe/d in the first quarter, compared with 364,000 boe/d of production in fourth-quarter 2020.

May 4, 2021