Bakken

Earnings , Exploration & Production

Hess Beats Profit Estimates on Surging Oil, Gas Prices

Hess’ crude sold during the quarter for an average of $63.17/bbl, including hedging, 39% higher from a year earlier, while gas prices jumped 60% to $4.71/Mcf.

October 27, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Oasis Closes Williston Basin Acquisition from Diamondback Energy

Oasis Petroleum had initially announced the Williston acquisition in May, a month after CEO Danny Brown had taken the helm, in a cash transaction with Diamondback valued at approximately $745 million.

October 22, 2021

Legislation , Infrastructure , Emissions , Enhanced Oil Recovery

North Dakota Approves First Class VI Carbon Capture, Storage Project

This approval allows RTE to commercially capture (dehydrate and compress) and inject the 180,000-metric-ton-per-year CO2 stream into the Broom Creek Formation on RTE property for permanent geologic CO2 storage.

October 21, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 20, 2021

Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.

October 20, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of Oct. 20, 2021)

Here’s a quicklist of oil and gas assets on the market including Chisholm Oil & Gas STACK nonop opportunity plus Merit Energy Anadarko Basin nonop and mineral/royalty position.

October 20, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 13, 2021

Here’s a snapshot of recent energy deals including Comstock Resources’ Bakken exit in a $154 million sale plus the $419 million cash acquisition of Tapstone Energy and SilverBow’s largest acquisition to date.

October 13, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of Oct. 13, 2021)

Here’s a quicklist of oil and gas assets on the market including Chevron legacy Permian operated assets in Andrews County, Texas, plus a Rockall Energy Bakken/Gulf Coast acquisition opportunity and Ganador Operating southern Midland Basin properties.

October 13, 2021

Lease Sales

Marketed: Rockall Energy Bakken, Gulf Coast Acquisition Opportunity

Rockall Energy LLC and its affiliates retained Stephens Inc. for the sale of all or portions of the company, including producing assets located in North Dakota and the Gulf Coast throughout southern Louisiana and Mississippi.

October 7, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Comstock Resources Sells Bakken Shale Assets for $154 Million in Cash

Comstock Resources plans to reinvest the proceeds into the Haynesville Shale, which the company said may include the acquisition of additional leasehold and funding drilling activity in 2022.

October 7, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 6, 2021

Here’s a snapshot of recent energy deals including the closing of the $9.25 billion all-stock merger of Cabot Oil & Gas and Cimarex Energy forming Coterra plus a Midland Basin bolt-on acquisition by Earthstone Energy.

October 6, 2021