Permian
Rig Counts , Unconventional
Hart Energy Unconventional Activity Tracker (Week of March 1, 2021)
Oil and gas rigs added for seventh consecutive month but the rate of growth slowed in February even as oil prices rose to their highest since 2019.
Unconventional , Top IP Wells
Updated: Top 12 IP Wells in the Permian Basin
January 2021: Wolfcamp Discovery in Eddy County, N.M., Produces 5,202 bbl of oil, 11.096 MMcf of Gas per Day
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (Feb. 26, 2021)
A Wolfcamp Shale discovery by Chevron, results from a PDC Energy Wattenberg Field venture in Colorado’s Weld County plus Antero Resources Marcellus completions in West Virginia top this week’s oil and gas drilling activity highlights from around the world.
Investment , Exploration & Production , Shale Plays , Acquisitions & Divestitures
U.S. Energy Development Continues Permian Basin Expansion with Recent Acquisitions
U.S. Energy Development acquired interests in oil development projects that the company’s CEO described as “instrumental” in U.S. Energy’s continued growth and expansion in the Permian Basin.
People , Exploration & Production , Shale Plays
ConocoPhillips COO Matt Fox to Retire after 35 Years with Houston Company
Matt Fox, who served in several leadership roles at ConocoPhillips before becoming COO in 2018, helped guide the company’s “successful transformation” into an independent E&P, says CEO Ryan Lance.
Private Equity , Natural Gas , Acquisitions & Divestitures , Midstream
Tailwater Capital Strikes Midstream Deal With NorTex
The NorTex Midstream deal follows the acquisition of Tall Oak II and III by Tailwater Capital last month in Oklahoma’s Arkoma STACK.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Feb. 24, 2021
Here’s a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources’ Powder River Basin position.
Public Capital , Exploration & Production , Shale Plays
Pioneer Says Output Dip Won’t Derail Variable Dividend Plans
Most Pioneer Natural Resources production in the Permian Basin is back online and storm damage repairs are “minor in the grand scheme of things,” CFO Neal Shah said.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Feb. 24, 2021)
Here’s a quicklist of oil and gas assets on the market including certain Ageron Energy properties located in the dry gas window of the Eagle Ford Shale in South Texas plus a Caney and Woodford Shale opportunity from Falcon E&P Royalty Holdings.
Earnings , Exploration & Production , Shale Plays
Permian Operator Pioneer Natural Resources Beats on Fourth-quarter Profit
The winter storm last week in Texas will impact Pioneer Natural Resources’ production, focused solely in the Permian Basin, by about 30,000 to 55,000 bbl/d of oil and gas this quarter, the company said.