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

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

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

Natural Gas , Crude Oil

Prices Retreat as Oil and Gas Facilities Recover from Storm

From the Bakken to Appalachia to the Gulf Coast, the arctic assault knocked out oil and gas production, and refining capacity.

December 28, 2022

Acquisitions & Divestitures

Enerplus Closes Sale of Canadian Assets to Surge Energy

Enerplus Corp. previously announced the sale on Nov. 2.

December 20, 2022

Lease Sales

Marketed: TRP Minerals LLC 11 Well Package

TRP Minerals LLC retained EnergyNet for the sale of an 11-well package in North Dakota's Dunn County.

December 7, 2022

Acquisitions & Divestitures

From Underdog to Big Dog: Phoenix Capital Group Touts D-J Basin Deal

The company doesn’t mince words, whether it’s calling out “unsavory, unethical and dishonest mineral shops,” lowball offers or celebrating its wins over its better-capitalized competitors.

December 6, 2022