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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