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.
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.
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.
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.
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.
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.
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.
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.
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.
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.