Wolfcamp discoveries by Shell in the Permian Basin plus six stacked-laterals planned for an EOG Resources drillpad in the Powder River Basin top this week’s oil and gas drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including Southwestern Energy’s acquisition of Indigo Natural Resources and the sale of Crestone Peak Energy in an all-stock transaction.
Natural gas operators in the Haynesville Shale discuss prices, returns, LNG demand and technology during Hart Energy’s DUG Haynesville Virtual Conference.
Here’s a snapshot of recent energy deals including Occidental Petroleum’s $1.33 billion sale of Rockies assets plus the closing of ConocoPhillips’ multimillion-dollar Montney Shale acquisition.
The transaction included roughly 4,800 net royalty acres (normalized to 1/8 royalty) located in North Louisiana, with production across the Haynesville Shale, Bossier Shale and Cotton Valley formations.
The news follows the recent Black Stone Energy development agreement with Aethon Energy in the same region of the Haynesville and Bossier shale plays and complements the company’s goal of reviving volume growth from the area.
John Jacobi, non-executive director at Comstock Resources, says tough times are ahead but the oil and gas industry could benefit from getting a little smaller.
Fresh off of a multibillion-dollar sale of its midstream interests, natural gas producer Indigo Natural Resources is flying high above the storm clouds.