Permian

Public Capital , Shale Plays , Acquisitions & Divestitures

Brigham Minerals Explores Sale or Merger, Sources Say

Brigham Minerals’ shares have risen more than 20% this year as it benefited from elevated energy prices, prompting founder and CEO Bud Brigham to consider a sale, the sources said.

August 4, 2022

Public Capital , Crude Oil , Shale Plays

Pioneer’s Sheffield Sees $100 Oil Persisting, Amid Bump in OPEC+ Output

“It was miniscule. They just don’t have the supply,” Pioneer Natural Resources CEO Scott Sheffield said, pointing to OPEC heavyweights Saudi Arabia and United Arab Emirates.

August 4, 2022

Lease Sales

Marketed: Read & Stevens Operated, Nonoperated Delaware Basin Properties

Read & Stevens Inc. and First Century Oil Inc. retained TenOaks Energy Advisors for the sale of operated and nonoperated properties located in the Delaware Basin centered in Lea and Eddy Counties, New Mexico.

August 4, 2022

Earnings , Shale Plays , Pipelines

Plains All American Raises Outlook on Higher Oil Volumes

Average daily crude oil volumes in the second quarter rose 30% on its Permian Basin pipelines, Plains All American said, with oilfield activity trending about 10% above its initial expectations.

August 4, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Apache Unveils $555 Million Acquisition of Texas Delaware Basin Properties

APA, the holding company of Apache, didn’t disclose the seller but, earlier on Aug. 3, Reuters reported that the company was buying assets in Texas from privately owned Titus Oil & Gas.

August 3, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Aug. 3, 2022

Here’s a snapshot of recent energy deals including Diversified Energy’s acquisition of ConocoPhillips Midcon assets for $240 million and the sale of Baker Hughes’ Russian oilfield services business.

August 3, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of Aug. 3, 2022)

Here’s a quicklist of oil and gas assets on the market including a Sabine Oil and Gas Upton County, Texas property package plus a KONA Oil & Gas nonoperated multibasin opportunity concentrated in top resource plays throughout the Lower 48.

August 3, 2022

Shale Plays , Acquisitions & Divestitures , Trends

With Permian M&A Cooling, Will Other Basins Catch a Cold?

An analyst by Mercer Capital showed production per acreage deals have skyrocketed 10x in the past six months, pushing the limits of what could constitute an economically feasible deal in the Permian Basin.

August 3, 2022

Markets , Shale Plays , Pipelines

MPLX Ups Pipeline Throughput by 6% in Second Quarter

MPLX said it is expanding several projects, including in the Permian Basin where the Whistler pipeline is increasing from 2 Bcf/d to 2.5 Bcf/d.

August 3, 2022

Lease Sales

Marketed: Sabine Oil and Gas Upton County, Texas Property Package

Sabine Oil and Gas Corp., as trustee for the Forest Oil Corp. Pension Trust, retained EnergyNet for the sale property package in Upton County, Texas, through an auction closing Aug. 16.

August 2, 2022