Permian

Private Equity , Shale Plays

Double Eagle to Fully Repay Outstanding Debt with $650 Million Notes Offering

Double Eagle intends to use the net proceeds from the private placement of $650 million senior notes to fully repay both its term loan and amounts outstanding under its revolving credit facility.

December 2, 2020

Natural Gas , Infrastructure , Shale Plays , Construction , Pipelines

Tellurian Withdraws FERC Application to Build Permian Basin Pipeline

U.S. LNG developer Tellurian Inc. told federal energy regulators on Dec. 1 it wants to withdraw its application to build the Permian Global Access natural gas pipeline.

December 2, 2020

Public Capital , Exploration & Production , Crude Oil , Shale Plays

Pioneer CEO Scott Sheffield Sees Oil Demand Recovery to Pre-pandemic Levels by 2022

Pioneer Natural Resources is putting drilling rigs back to work in the Permian Basin oil field, but plans for oil production growth of zero to 5% while demand recovers, CEO Scott Sheffield says.

December 1, 2020

Unconventional , Top IP Wells

Updated: Top 12 IP Wells in the Permian Basin

June 2020: Bone Spring Producer In Eddy County, N.M., Flows 7.15 Mbbl of Oil, 8.214 MMcf of Gas per Day

December 1, 2020

Public Capital , Exploration & Production , Shale Plays

Exxon Mobil to Focus on Guyana, Permian Assets Following $20 Billion Impairment Charge

Exxon Mobil will focus on Guyana, where it discovered up to 8 billion barrels of oil, offshore Brazil, and the Permian Basin oil field, the company said.

November 30, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Nov. 30, 2020)

The number of rigs operating in the U.S. rose for the 10th straight week after hitting a record low in August.

November 30, 2020

Public Capital , Exploration & Production , Shale Plays , Transactions

E&P Financing Case Study: War Bonds

2020 wasn’t looking like the kind of year an E&P could access capital—and certainly not at less than 2%. For Pioneer Natural Resources Co., it has been

November 27, 2020

Highlights , Shale Plays

E&P Plus: November 2020 US Drilling Activity Highlights

Check out the latest oil and gas drilling activity highlights across the U.S. featured in the November issue of E&P Plus including a Purple Sage Field-Wolfcamp well in New Mexico, a Haynesville Shale producer in Louisiana’s Sabine Parish and an Ascent Resources Utica Shale discovery.

November 25, 2020

Business , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Trends , Mergers

Oil and Gas Investor A&D Trends: Welcome to 2020

In one frame, bankruptcies continued to unravel debt-laden E&Ps. Opposite that, massive megadeals fused together oil and gas companies into Permian Basin behemoths.

November 24, 2020