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.

April 16, 2021

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

April 16, 2021

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.

April 14, 2021

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.

April 14, 2021

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.

April 14, 2021

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.

April 12, 2021

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.

April 12, 2021

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.

April 12, 2021

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.

April 9, 2021

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.

April 9, 2021