Today’s featured Forty Under 40 honoree is Michael Woodward, vice president of business development of Meritage Midstream II LLC who has led his team in directing significant investment dollars into the Powder River Basin.
Denbury agreed to pay a subsidiary of Devon Energy up to $20 million in cash to acquire a pair of CO₂ EOR fields in Wyoming’s Freemont County.
Multiple discoveries by Occidental in New Mexico’s Eddy County, EOG Eagle Ford, Permian Basin and Niobrara completions plus Exxon Mobil boosts the resource potential for its development offshore Guyana top drilling activity highlights from around the world in 2020.
The U.S. rig count fell slightly during the past week with the biggest loss in the Permian and Appalachian basins. Increases did occur in the Anadarko Basin, which added five rigs, and the Williston Basin, which added two.
Here’s a snapshot of recent energy deals including a duo of acquisitions by Diamondback Energy valued at over $3 billion plus the closing of Hilcorp’s $5.6 billion BP Alaska acquisition and a Permian Basin deal by Earthstone Energy.
Here’s a quicklist of oil and gas assets on the market including the sale of horizontal Marcellus wellbore-only interests in Pennsylvania’s Butler and Armstrong counties in two sub-packages by Winfield Resources.
According to Enverus Rig Analytics, the rig count is up 8% in the last month but down 52% year-over-year. The Permian added four rigs, while the Anadarko, D-J and Gulf Coast basins were each down one or two rigs week-over-week. The Appalachia Basin also added a rig.
Here’s a snapshot of recent energy deals including SandRidge Energy’s Colorado exit plus the $810 million acquisition of Exelon’s U.S. solar portfolio by Brookfield.