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.

May 5, 2021

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.

May 5, 2021

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.

May 4, 2021

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.

May 3, 2021

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

May 1, 2021

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

May 1, 2021

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.

April 30, 2021

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.

April 30, 2021

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.

April 30, 2021

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.

April 30, 2021