Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of June 7, 2021)

The largest increases by basin occurred in the Permian Basin, where eight rigs were added. Meanwhile, the Williston Basin added five rigs and reached a 2021 high of 19.

June 7, 2021

Exploration & Production , Shale Plays

Best of This Week’s Drilling Activity Highlights (June 4, 2021)

EOG completes four Bone Spring wells in Lea County, new offshore Suriname discovery, results from five directional Garfield County, Colo., wells and Utica Shale completion produces 39.04 MMcf of gas per day top this week's oil and gas drilling activity highlights from around the world.

June 4, 2021

Shale Plays , Completions , Pressure Pumping

Gardner Denver V3 Valve Improves Performance in Eagle Ford, Permian Frac Operations

Gardner Denver High Pressure Solutions (GD), a total solutions provider for the drilling, well servicing and frac pumps market, said on June 2 that it has proven in field trials that its new V3 valve significantly increases performance hours in high pressure hydraulic fracturing operations.

June 4, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures , Mergers

Colgate Acquires Luxe Energy in All-Stock Transaction

The acquisition will create one of the largest private companies in the Permian Basin, with around 57,000 net acres, roughly 45,000 boe/d and 4 rigs running as of June 1, 2021.

June 2, 2021

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 31, 2021)

U.S. rig count fell slightly for the second week in a row, leading to the conclusion that last week’s sudden drop was more than a blip caused by rig downtime — some rigs moving between wells.

June 1, 2021

Business , Acquisitions & Divestitures , Trends , Mergers

Oil and Gas Investor A&D Trends: A ‘Whydunnit’

Pioneer Natural Resources Co. agreed to buy DoublePoint Energy LLC for $6.4 billion, leaving investors in need of an explanation.

May 31, 2021

Shale Plays , Water Management , Acquisitions & Divestitures , Midstream

XRI Holdings Acquires Hibernia’s Permian Basin Water Infrastructure

Hibernia’s produced water assets in the Permian directly overlay XRI’s existing midstream infrastructure and recycling assets in the Midland Basin, “an area where XRI has significant operating expertise,” says XRI CEO Matthew Gabriel.

May 28, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 26, 2021

Here’s a snapshot of recent energy deals including Oasis Petroleum’s Permian Basin exit and the all-equity consolidation of three Kayne Anderson portfolio teams in the Anadarko Basin.

May 26, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 26, 2021)

Here’s a quicklist of oil and gas assets on the market including two Permian Basin packages in Howard County, Texas—one comprising Cholla Petroleum’s nonoperated position and the other a private seller’s mineral and royalty interest footprint.

May 26, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures , Trends , Mergers

Cabot, Cimarex ‘Surprise’ Merger Bucks Pure-play Consolidation Trend

Despite being named as potential targets for larger rivals, the merger between Cabot Oil & Gas and Cimarex Energy shows a desire to remain independent while reaching a size that is relevant for energy investors, says Enverus analyst Andrew Dittmar.

May 24, 2021