Permian
Earnings , Drilling
Schlumberger's Profit Jumps as Higher Oil Prices Spur Drilling Demand
Schlumberger's fourth-quarter adjusted net income rose to $587 million, or 41 cents per share, above Wall Street estimates of 39 cents per share, according to Refinitiv IBES.
Exploration & Production , Shale Plays
Permian Basin: High Oil Price Breathes New Life into US Shale
The 2020 price drop almost killed the U.S. industry, but oil production has since rebounded to record levels—led by the Permian Basin—despite political pressure. Still, will OPEC end the Permian party?
Natural Gas , Policy & Regulations
Texas Cold Snap Arrives as RRC Says Natgas Industry is Ready
The Texas Railroad Commission, which oversees the state’s gas industry, said in a release on Jan. 19 that about 98% of the facilities its inspectors visited since the end of last summer were already winterized.
Private Equity , Company Profiles , Shale Plays
New Privates: Oil and Gas Startups Stand Out
New private oil and gas companies establish their footprints to showcase innovative ways of doing business during a difficult time.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Jan. 19, 2022
Here’s a snapshot of recent energy deals including the $1.9 billion merger of Falcon Minerals with privately held Desert Peak plus Clearfork bags its first deal after a $400 million equity commitment.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Jan. 19, 2022)
Here’s a quicklist of oil and gas assets on the market including TRP Energy SCOOP/MERGE working interest plus a Powder River Basin regional exit by Team Operating.
Shale Plays , Acquisitions & Divestitures
Legacy Reserves Markets Permian Basin, Haynesville Shale Assets, Sources Say
Legacy Resources has hired an investment bank to run the sale process for the assets in the Permian Basin and Haynesville Shale and is valuing them at around $800 million, sources say.
Exploration & Production , Health, Safety & Environment , Shale Plays
Column: Industry’s Response to Earthquake Concerns in the Permian Basin
Here’s a closer look at recent seismic activity in the Permian Basin and how the oil and gas industry is responding.
Shale Plays , Digital Oilfield , Completions , Pressure Pumping
Evolution Well Services Electric Frac Contracts Extended in Texas, Appalachia
“These technical and operational accomplishments show the unique value and differentiation of our partner-focused culture and our strategy of being a fully integrated engineered solutions provider," Steven W. Anderson, Evolution president and CEO, said.
People , Exploration & Production , Shale Plays
Continental Resources Names Doug Lawler COO as Jack Stark Retires
Upon his retirement, Jack Stark will transition into a part-time consulting role as a senior adviser to Continental Resources CEO Bill Berry.