Permian
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.