Bakken
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of May 5, 2021
Here’s a snapshot of recent energy deals including a Bakken deal between Oasis Petroleum and Diamondback Energy plus the sale of Hunt Oil’s Permian Basin asset in a transaction believed to be worth over $1 billion.
Lease Sales
On the Market Oil and Gas Quicklist (Week of May 5, 2021)
Here’s a quicklist of oil and gas assets on the market including Fairway Resources Oklahoma properties and Kaiser-Francis Oil well package in Louisiana plus the offer from Centennial Resource Production to acquire or farm in certain operated assets in the Permian Basin of Reeves County, Texas.
Infrastructure , Pipelines
Army Corps: No Cause to Shut DAPL During Review
In filing, the Corps said it will determine whether to issue a new permit when its review is completed in March 2022.
Public Capital , Shale Plays , Acquisitions & Divestitures
Diamondback Energy Sells Bakken Asset to Oasis in $745 Million Cash Deal
In addition to the sale of the Bakken assets it acquired in its merger with QEP, Diamondback also announced the $84 million sale of “noncore” Permian Basin assets.
Unconventional , Top IP Wells
Table: Top 12 IP Wells in Three Forks
October 2020: Three Forks Well in McKenzie County, N.D.: 5,946 bbl of Oil, 6.185 MMcf of Gas per Day
Unconventional , Top IP Wells , Shale Plays
Updated: Top 12 IP Wells in the Bakken
April 2020: Two High-volume Middle Bakken Completions in McKenzie County, N.D. by WPX Energy
Public Capital , Shale Plays , Acquisitions & Divestitures
Hess Closes Bakken Asset Sale in $312 Million Cash Deal
Despite the divestiture to Enerplus, Hess CEO John Hess reaffirmed the importance of the Bakken in the independent E&P company’s portfolio, which includes assets offshore Guyana.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (April 30, 2021)
High-volume Bakken completions, Marcellus Shale discoveries from Cabot and Chesapeake plus results of three Woodford Shale wells in Oklahoma’s Grady County by Continental Resources top this week’s oil and gas drilling activity highlights from around the world.
Exploration & Production , Health, Safety & Environment , Shale Plays
Report Shows Global Flaring Levels Down in Oil Sector
The U.S. and Nigeria were among the countries noted for making strides in lowering volumes of flared gas.
Public Capital , Exploration & Production , Shale Plays
Continental Resources to Ramp Up Bakken Activity after Refocusing Operations
The shift comes as Continental Resourcs is re-orienting its production portfolio to focus more heavily on oil, CEO Bill Berry told investors during an earnings call.