Texas/La Gulf Coast
Lease Sales
Marketed: Titanium Exploration Nonop Eagle Ford Shale Properties
Titanium Exploration Partners retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain nonoperated working interest properties in the Eagle Ford Shale.
Digital Oilfield , Logistics
Tenaris Adds Jobs at Conroe, Texas Plant as Activity Ramps Up
Tenaris is scaling up industrial activity at its Conroe, TX, plant, adding about 140 employees onboard to support the facility’s ramp up, which includes a $600,000 investment in IT and automation infrastructure, the company said on March 24.
Rig Counts , Shale Plays , Drilling
Oil and Gas Investor Rig Market Trends: A Cautious Rigging Up
After a year of historic lows for drilling activity, rig count is slowly climbing up, indicating an improved activity outlook for 2021. But will it be enough for overstacked drillers?
Investment , Emissions , Shale Plays , Technology , Construction
Occidental to Develop CO2 Sequestration Hub for South Texas LNG Project
Occidental’s venture capital arm, Oxy Low Carbon Ventures, agreed to offtake and transport CO₂ from NextDecade’s planned Rio Grande LNG project and permanently sequester it in an underground geologic formation.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures
Ovintiv Sells Eagle Ford Asset to Private Operator for $880 Million
The Eagle Ford asset sale to privately owned Validus Energy is the latest step Denver-based Ovintiv has taken to cut down debt and gain investor confidence.
Lease Sales
On the Market Oil and Gas Quicklist (Week of March 24, 2021)
Here’s a quicklist of oil and gas assets on the market including a 100-well package in the Permian Basin by EOG Resources plus the sale of certain Ryca Energy-operated Louisiana properties.
Lease Sales
Marketed: Ryca Energy Louisiana Operated Divestiture
Ryca Energy Partners LLC has retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated Louisiana properties in Winn, LaSalle and Concordia parishes.
Rig Counts , Unconventional
Hart Energy Unconventional Activity Tracker (Week of March 22, 2021)
U.S. energy firms added the most oil and gas rigs in a week since January 2021 even as oil prices this week pulled back from a recent 28-month high.
IPO , Shale Plays
Blackstone-backed Vine Energy Opens Below Offer Price in Market Debut
Blackstone-backed natural gas explorer Vine Energy’s stock opened at $13.75 per share, giving the company a valuation of $952.7 million.
Company Profiles , Natural Gas , Emissions , Technology , Midstream
NextDecade Launches NEXT Carbon Solutions
Rio Grande LNG expected to be the Greenest LNG Project in the World.