Lease Sales

On the Market Oil and Gas Quicklist (Week of Sept. 22, 2021)

Here’s a quicklist of oil and gas assets on the market including a legacy mineral position in the Permian Basin plus a Rock Oil nonop and minerals opportunity in the SCOOP and STACK plays of Oklahoma.

September 22, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures , Trends

Insight: ConocoPhillips Made Shell Permian Deal with Cash, ‘Patience’

After patiently waiting through the shale land rush, Enverus’ Andrew Dittmar says ConocoPhillips is picking up prime real estate in the Permian Basin with its blockbuster purchase from Shell.

September 22, 2021

People , Shale Plays

Surge Energy Longtime COO Phil Webb to Retire

Following the retirement of Phil Webb, a portion of the COO responsibilities at Surge Energy will be handled by Vice President of Development Chris Alonzo, Vice President of Operations Joe Fleming and Chief Geologist CJ Liu.

September 22, 2021

Private Equity , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream

Lagoon Water Midstream Enters Permian Basin through Double Drop Acquisition

The acquisition of Double Drop Resources significantly expands Lagoon Water Midstream’s operations and establishes it as a multibasin water management company.

September 21, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Shell to Exit Permian Basin in $9.5 Billion Sale to ConocoPhillips

Shell reached an agreement for the sale of its Permian Basin business to ConocoPhillips for $9.5 billion in cash, confirming rumors the supermajor was considering exiting the key shale asset.

September 20, 2021

Rig Counts , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Sept. 20, 2021)

The U.S. rig count hit a 2021 high this past week with the most notable increases week-over-week occurring in the Gulf Coast, Permian Basin and Appalachia shale plays.

September 20, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Laredo Petroleum Acquires Pioneer Midland Basin Acreage for $230 Million

The Pioneer acquisition adds 135 gross operated locations in Glasscock County, Texas, doubling Laredo Petroleum’s high-margin, oil-weighted inventory in the Midland Basin, according to the company release.

September 20, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Pioneer Reportedly Targeting $2 Billion Sale of Delaware Basin Assets

Pioneer Natural Resources is pursuing the sale of its Delaware Basin assets with a target price of over $2 billion, according to a report citing two sources familiar with the matter.

September 17, 2021

Public Capital , Shale Plays

Diamondback Energy to Return 50% of Free Cash Flow to Shareholders

The follow-through by Diamondback Energy’s commitment of returning 50% of free cash flow to equity holders should drive the name higher, according to analysts with Tudor, Pickering, Holt & Co.

September 17, 2021

Exploration & Production , Water Management

ESG Opportunity for Water Management Emerges in Permian Basin

B3 Insight's Oilfield Water Stewardship Council aims to establish industry-endorsed ESG reporting standards for oil and gas industry water management.

September 17, 2021