Chesapeake Energy said Jan. 29 it had cut debt by $900 million in the fourth quarter, easing some concerns that the natural gas producer might not be able to meet its loan covenants.
Here’s a quicklist of oil and gas assets on the market including interests in EOG-operated wells in the Permian Basin plus Uinta-Piceance Basin package from Foundation Energy Management.
Here’s a snapshot of energy deals from the past week including the closing of the $1.7 billion all-stock merger of PDC Energy and SRC Energy plus a Midland Basin mineral acquisition.
Here’s a quicklist of oil and gas assets on the market including “SOHOT” asset packages from Marathon Oil in Oklahoma plus a Merit Energy Powder River Basin waterflood asset.
U.S. oil production from seven major shale formations is expected to rise about 22,000 barrels per day next month, which would be the smallest monthly increase since shale output declined in February 2019.
Price Moncrief, a seasoned finance and corporate executive who previously worked for Concho Resources, will lead OWL’s strategic financial management as the company continues its expansion in the Permian Basin.
Foundation Energy Management retained Eagle River Energy Advisors for the sale of certain operating working interest assets and associated lands in the Uinta-Piceance Basin of Colorado and Utah.
Crestone Peak Resources revealed on Jan. 16 an innovative partnership for a large-scale test of real-time continuous air quality monitoring at its oil and natural gas production sites in Colorado.
Merit Energy retained Detring Energy Advisors to market for sale its 100% operated producing properties, leasehold and related assets located in Campbell and Crook counties, Wyo., with bids due Feb. 26.