Bakken
Policy & Regulations , Infrastructure , Pipelines
Official: DAPL Closure Could Shut 400,000 bbl/d of N.D. Oil Output
US District Court judge is considering the Dakota Access Pipeline case concerning Energy Transfer’s asset.
Rig Counts , Unconventional
Chart: Western Rig Count as of April 16, 2021
California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming
Public Capital , People , Exploration & Production , Shale Plays
Oasis Petroleum Names Former Anadarko Exec Danny Brown as CEO
The appointment of Daniel E. “Danny” Brown as CEO fills a role left vacant since last December when Oasis Petroleum Co-founder Thomas Nusz retired.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of April 14, 2021
Here’s a snapshot of recent energy deals including a $312 million sale by Hess in the Bakken plus Saudi Aramco signs a $12.4 billion pipeline deal.
Lease Sales
On the Market Oil and Gas Quicklist (Week of April 14, 2021)
Here’s a quicklist of oil and gas assets on the market including the sale of Chevron’s Eunice/Hobbs asset in the Permian Basin plus a rural D-J Basin JV opportunity and Legacy Reserves Permian ORRI portfolio.
Exploration & Production , Shale Plays
US Shale Oil Output to Rise 13,000 Barrels per Day in May
The biggest increase is set to come from the Permian Basin, where oil output is expected to reach its highest since April 2020, the EIA said in a monthly forecast.
Lease Sales
Marketed: Nonop Bakken Properties, North Dakota, Montana
BOKF Petro Holdings II LLC is offering for sale certain nonoperated working interest properties in Montana and North Dakota.
Public Capital , Infrastructure , Shale Plays , Pipelines
Shares of Oil Producers Tied to Dakota Access Pipeline Rise
Shares of North Dakota oil producers Oasis Petroleum, Continental Resources and Enerplus were trading higher after the U.S. Army Corps of Engineers said it would allow the Dakota Access pipeline to run.
Business , Shale Plays , Acquisitions & Divestitures , Trends , Mergers
Upstream M&A Tally Suggests Subtle Rebound in First-quarter
The recently announced agreement by Pioneer Natural Resources to acquire DoublePoint Energy, with multiple private equity sponsors, also adds further indications of a shift toward private upstream activity, analyst says.
Policy & Regulations , Pipelines
US Army Corps to Allow Dakota Access Pipeline to Stay Open During Review
The move leaves the decision on shutting down the pipeline with the U.S. District Court of the District of Columbia.