Permian
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (Jan. 22, 2021)
Ovintiv completes three Spraberry Field producers, a new Eagle Ford Shale discovery by BPX Energy plus results from a Hess Gulf of Mexico venture top this week’s drilling activity highlights from around the world.
Crude Oil , Trade , Midstream
Magellan, Enterprise to Develop Houston Crude Oil Futures Contract
Quality specifications will be consistent with WTI crude oil originating from the Permian Basin, with delivery capabilities at either Magellan's East Houston terminal or Enterprise's ECHO terminal.
Unconventional , Field Development , Shale Plays
E&P Plus Regional Report: Midland Basin—Many Opportunities Remain
The Midland Basin, located within the eastern region of the Permian Basin, has seen a steady amount of new E&P activity since 2011.
Investment , Renewables , Digital Oilfield
Ørsted Inks Power Purchase Deals with PepsiCo for Nebraska, Texas Wind Farms
PepsiCo Inc. has signed two agreements with Ørsted on Jan. 14 to purchase a portion of energy from the 298 MW Haystack wind project in Nebraska and the 367 MW Western Trail wind project in Texas.
Public Capital , Earnings , Shale Plays , Midstream
Kinder Morgan Flags Concerns over US Shale Spending Following Earnings Beat
Pipeline operator Kinder Morgan raised concerns over the pace of ramp-up in spending in top U.S. shale basins following a rebound in oil prices after beating Wall Street estimates for quarterly results.
Highlights , Shale Plays
E&P Plus: January 2021 US Drilling Activity Highlights
Check out the latest oil and gas drilling activity highlights across the U.S. including a Marcellus discovery announced by Chesapeake Energy in Pennsylvania’s Bradford County plus the two strongest Haynesville Shale wells drilled to date in North Louisiana.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Jan. 20, 2021
Here’s a snapshot of recent energy deals including the closing of ConocoPhillips’ $13.3 billion acquisition of Concho Resources, one of the largest independent shale producers in the Permian Basin.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Jan. 20, 2021)
Here’s a quicklist of oil and gas assets on the market including Unit Petroleum operated Kansas properties plus a nonop Barnett Shale position from Tokyo Gas.
Rig Counts , Unconventional , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of Jan. 18, 2021)
The U.S. rig count rose by 10 in the last week, according to Enverus which also notes that the count is down less than 1% in the last month and down 50% year-over-year.
Public Capital , People , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
ConocoPhillips Completes Concho Acquisition; Tim Leach Joins Leadership
The Concho acquisition gives ConocoPhillips about 700,000 net acres in the Permian Basin—more than quadruple the size of its previous position in the Permian.