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Williston
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