‘A Nightmare:’ It’s Easier to E&P in Turkey Than in New Mexico
“I’ve been in this business a long time, and I’ve never seen anything like it,” Malone Mitchell III, chairman and CEO of international explorer TransAtlantic Petroleum, said in Oklahoma City about trying to operate in New Mexico.
Amplify Energy Cancels PRB, D-J Deal on ‘Extraordinary Volatility’
Amplify Energy terminated an acquisition of oil-weighted assets in the Powder River and Denver-Julesburg basins from Juniper Capital after Amplify’s stock fell 58% since the deal was announced.
Devon Makes Operational Overhaul Amid Oil Market Volatility
Facing headwinds from falling oil prices, Devon Energy aims to reduce costs through several operational and corporate changes.
US E&Ps Could Drop Up to 100 Rigs at New Low Oil Price
Private operators are likely to let rigs go first, beginning in the Midcontinent and Powder River Basin, then the Eagle Ford, Bakken and Permian, according to J.P. Morgan Securities.
EIA: Tariff Chaos, OPEC Output Increases Spell $57/bbl WTI in 2026
Energy Information Administration price estimates for 2025 and 2026 are bad news for producers—if they come to pass—as breakeven prices for operators, even in the Permian Basin, require between $61/bbl and $62/bbl to remain profitable.
Analysts: Will E&Ps Redraw Plans as WTI Dips Below $60/bbl?
As WTI hovers near $60/bbl, U.S. E&Ps could be pushed to drop rigs and cut drilling in exploratory resource plays, analysts say.
How Elk Range Took the Leap to Buy Oxy’s $905MM D-J Heirloom
Elk Range Royalties closed on a $905 million purchase of Occidental’s assets in the Denver-Julesburg Basin in March— a once-in-a-lifetime purchase, CEO Charlie Shufeldt told Hart Energy.
EOG Ramps Gassy Dorado, Oily Utica, Slows Delaware, Eagle Ford D&C
EOG Resources will scale back on Delaware Basin and Eagle Ford drilling and completions in 2025.
USGS: 47 MMbbl of Oil, 876 Bcf of Gas in Conventional Rockies’ Basins
The U.S. Geological Survey surveyed areas where potential hydrocarbons in as yet undiscovered oil and gas formations in the Wind River, Bighorn and Powder River basins.
Amplify Updates $142MM Juniper Deal, Divests in East Texas Haynesville
Amplify Energy Corp. is moving forward on a deal to buy Juniper Capital portfolio companies North Peak Oil & Gas Holdings LLC and Century Oil and Gas Holdings LLC in the Denver-Julesburg and Powder River basins for $275.7 million, including debt.