Texas/La Gulf Coast
Public Capital , Exploration & Production , Crude Oil , Shale Plays , Trends
Mark Papa: US Oil Growth To Slow, Likely Spurring Shale Buyouts
U.S. oil output growth is expected to slow over the next five years, likely prompting oil majors to "gobble up" smaller shale oil producers, Mark Papa told Reuters.
Exploration & Production , Legislation , Shale Plays
Texas RRC Sets Drilling Permit Record For Second Consecutive Year
For two years in a row since 2018, Texas RRC staff has taken two days on average to process standard drilling permits, one day below the legislative requirement, a release from the state agency said.
Lease Sales
Marketed: Producing DeWitt County Mineral, Royalty Interests
EnergyNet has been retained for the sale of South Texas producing mineral and royalty interests in an eight well package located in DeWitt County, Texas, operated by Devon Energy.
Lease Sales
Marketed: East Texas Undeveloped Leasehold, Non-Producing Minerals
Colt Operating retained EnergyNet for the sale of East Texas undeveloped leasehold plus non-producing minerals in Tyler County through an auction closing Jan. 22.
Exploration & Production , Shale Plays , Completions , Water Management
Key Frac Ingredients Moving In Different Directions
The dialing in of optimal completion designs by operators is keeping sand and water providers busy right-sizing their logistical response.
Midstream
Enterprise Begins Service At Isobutane Dehydrogenation Plant
Enterprise Products Partners LP said that its isobutane dehydrogenation (iBDH) plant in the Mont Belvieu, Texas area recently began service, with volumes expected to continue ramping up during the next two weeks.
Highlights
Best Of This Week’s Drilling Activity Highlights (Jan. 10, 2020)
Austin Chalk producers, Chief Oil & Gas Marcellus wells and a Wolfcamp discovery by EOG top this week’s drilling activity highlights from around the world.
Lease Sales
Marketed: Jasper And Hardin Counties East Texas Asset
A private seller retained the Oil & Gas Asset Clearinghouse for the sale of a package of East Texas properties located in Jasper and Hardin counties.
Public Capital , Earnings , Exploration & Production , Natural Gas , Shale Plays
Range Resources Expects To Book Asset Impairment Charge
Range Resources expects a significant charge in the fourth quarter related to its oil and gas properties in North Louisiana, as U.S. natural gas prices trade near two-decade lows.
Lease Sales
On The Market Quicklist (Week Of Jan. 8, 2020)
Here’s a quicklist of oil and gas assets on the market including Permian Basin properties from a Chapter 11 sale and a package of interest in Apache-operated Midland Basin wells.