Bakken
Emissions , Energy Transition , Technology , Construction , Pipelines
Joe Manchin Favors KXL Transportation, Energy Technology Innovation, Senate Cooperation
The West Virginia Democrat and chair of the U.S. Senate Committee on Energy & Natural Resources supports carbon capture and dismisses any notion of eliminating fossil fuels.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of April 21, 2021
Here’s a snapshot of recent energy deals including a new JV formed by Vortus Investment Advisors to develop oil-rich assets in the Permian Basin in New Mexico’s Eddy County.
Lease Sales
On the Market Oil and Gas Quicklist (Week of April 21, 2021)
Here’s a quicklist of oil and gas assets on the market including EOG Resources Reeves County nonop working interest in the Permian Basin plus Unit Petroleum Oklahoma waterflood properties in Oklahoma County and Cross Plains Energy Partners Delaware Basin properties.
Infrastructure , Pipelines
Energy Transfer Argues DAPL Closure Would Cause ‘Economic Shock’
Company’s tells D.C. District Court that losses could reach $4.3 million a day.
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.