Lease Sales

Marketed: Valkyrie Resources WI in 11 Operated Wells

Valkyrie Resources LLC has retained Eagle River Energy Advisors in connection with the sale of its working interest in 11 operated, 1280-acre HBP DSUs in Divide County, N.D. to an operator committing to a three-well 2023 drilling and completion program.

February 6, 2023

Investment , Exploration & Production , Acquisitions & Divestitures

Devon Energy CEO Rick Muncrief Shares Secrets of Successful A&D

Devon Energy’s chief executive revealed the formula that made the firm’s merger with WPX Energy work. 

February 2, 2023

Private Equity , Midstream

Intensity Infrastructure Partners Secures Equity Backing from EIV Capital

In February, EIV Capital raised $702 million in funding and said it had more than $900 million to deploy into new investments.

January 31, 2023

Acquisitions & Divestitures , Trends , Mergers

Strange Brew: 2022 M&A Neared Two-decade Low, but Large-cap E&Ps Sitting Pretty

Despite large-cap publics such as Devon Energy, Diamondback and Marathon Oil dominating M&A in 2022, the overall deal count fell to the lowest level since 2005, according to Enverus.

January 30, 2023

Business , Exploration & Production , Deepwater , Shale Plays

Hess Corp. Reports Fangtooth SE-1 Find, Sets 2023 Capex Budget at $3.7 Billion

New York-based Hess Corp. announced a new discovery offshore Guyana and set its 2023 E&P capital and exploratory budget at $3.7 billion, of which more than 80% will be allocated to the Bakken and Guyana’s Stabroek Block.

January 24, 2023

Acquisitions & Divestitures , Trends , Mergers

A&D Minute (Jan. 18, 2023): NOG-ing Them Out of the Park [WATCH]

Also in this week's A&D Minute: Quantum Energy Partners might be saying goodbye to Rockcliff Energy, plus check out Chord Energy's Williston Basin 46,000-acre package.

January 18, 2023

Exploration & Production , Health, Safety & Environment

Devon Energy Lowers Q4 Outlook Due to Winter Weather Impact

Devon Energy's expected fourth quarter production fell by 15,000 boe/d to 636,000 boe/d due to negative weather impacts but has since restored the affected operations.

January 10, 2023

Enhanced Oil Recovery

Bakken EOR Trial Increased Output by 25%

Liberty Resources' pilot project shows alternating produced gas with water/surfactant EOR mix boosts production and cuts costs in the Bakken Shale.

January 10, 2023

Exploration & Production , Crude Oil , Shale Plays

John Hess: Bakken, US Shale to Plateau in Coming Years

Hess Corp. CEO John Hess expects his company’s shale production in the Bakken to plateau at 200,000 boe/d in 2024 and remain steady for eight to 10 years and overall U.S. shale production to flatten in 2025 or 2026.

January 8, 2023

Company Profiles , Exploration & Production , Acquisitions & Divestitures

There and Back Again: Rick Muncrief and Devon Energy’s Permian Journey

President and CEO Rick Muncrief details Devon's course since its merger with WPX Energy; its deals in the Eagle Ford and Bakken; and the almighty dividend.

January 3, 2023