Permian

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers

Riley Exploration Permian Provides Update Following Tengasco Merger

The company’s predecessor, private equity-backed Riley Permian, was formed with the goal of building a premier Permian Basin pure-play.

March 5, 2021

Lease Sales

Marketed: Unbridled Resources Delaware Basin Leasehold, Eddy County, New Mexico

Unbridled Resources LLC retained EnergyNet for the sale of Delaware Basin non-producing leasehold in New Mexico’s Eddy County through an auction closing March 17.

March 5, 2021

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (March 5, 2021)

Wolfcamp Shale producers completed by Chevron and EOG Resources in the Permian Basin plus details on exploratory wells at LLOG Exploration’s Spruance prospect in the Gulf of Mexico top this week’s oil and gas drilling activity highlights from around the world.

March 5, 2021

Public Capital , Master Limited Partnerships , Shale Plays , Acquisitions & Divestitures , Midstream

Noble Midstream Agrees to Chevron Buyout in $1.32 Billion All-stock Deal

Chevron said it had reached the buyout agreement with Noble Midstream on March 5, roughly a month after announcing a slightly smaller offer to buy out the pipeline operator.

March 5, 2021

Exploration & Production , Policy & Regulations , Shale Plays

Shale Leaders See US Reverting to Net Importer of Crude

The heads of U.S. shale giants ConocoPhillips and Pioneer Natural Resources addressed policy changes made by the Biden administration, including a possibly fracking ban, and their effect on the oil sector’s recovery.

March 4, 2021

Exploration & Production , Policy & Regulations , Shale Plays

Oil Production in Permian Basin Could Fall Due to Biden’s Policies: Dallas Fed Report

The Dallas Fed report also cautioned that oil refineries and chemical facilities on the Gulf Coast would need to adapt to losing barrels from the Permian Basin due to possible policy changes on federal lands made by Biden.

March 4, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 3, 2021

Here’s a snapshot of recent energy deals including Permian Basin acquisitions by U.S. Energy Development comprising interests in oil development projects in the Delaware Basin.

March 3, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of March 3, 2021)

Here’s a quicklist of oil and gas assets on the market including certain a Samson Resources nonop / royalty package across several states plus an operated acquisition / farm-in opportunity in Wyoming’s D-J Basin.

March 3, 2021

Lease Sales

Marketed: Cameron Oil & Gas Operated Working Interest, Eddy and Lea Counties, New Mexico

The Oil & Gas Asset Clearinghouse LLC is partnering with Cameron Oil & Gas Inc. to market an operated working package that includes 82 wells in New Mexico’s Eddy and Lea counties.

March 3, 2021

Exploration & Production , Health, Safety & Environment , Shale Plays , Enhanced Oil Recovery

Energy ESG Spotlight: EOR Tech to Help Oil Producers Reach ESG Goals

Sustainable biosurfuctant solutions offer a promising solution for oil and gas producers to boost oil production and achieve ESG goals, says Jonathan Rogers, CEO of Locus Bio-Energy Solutions.

March 2, 2021