Bakken
Public Capital , Shale Plays
Marathon Oil Raises Dividend By Over 30% Following Debt Redemption
Marathon Oil on April 29 declared a dividend of 4 cents per share, a 33% increase, joining other U.S. oil producers to do so as prices continue to recover from the pandemic-driven crash.
Rig Counts , Unconventional
Chart: Western Rig Count as of April 30, 2021
California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming
Infrastructure , Shale Plays , Pipelines
Dakota Access Seeks Supreme Court Review to Keep Oil Pipeline Open
The operators of the line, led by Energy Transfer LP, sought a stay from the U.S. Court of Appeals for the District of Columbia, saying it would allow the Dakota Access Pipeline (DAPL) to continue operating.
Public Capital , Earnings , Shale Plays
US Shale Producer Continental Resources Posts First Profit Since Pandemic
Continental Resources, a top producer in the Bakken shale region of North Dakota, also reinstated a quarterly dividend at $0.11 per share, which is double the previous quarterly dividend.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of April 21, 2021
Here’s a snapshot of recent energy deals including an acquisition by EOG Resources in Australia marking the Houston-based oil and gas producer’s entry into the country plus the closing of Equinor’s $900 million Bakken exit.
Lease Sales
On the Market Oil and Gas Quicklist (Week of April 28, 2021)
Here’s a quicklist of oil and gas assets on the market including an Eagle Ford / Austin Chalk well package plus Encore Permian mineral assets across the Midland and Delaware basins and a SandRidge Permian Trust acquisition opportunity.
Public Capital , Shale Plays , Acquisitions & Divestitures
Equinor Completes Bakken Exit in $900 Million Sale
Grayson Mill Energy, a Houston-based E&P company backed by EnCap Investments, agreed in February to acquire Equinor’s Bakken interests, including associated midstream assets, in North Dakota and Montana for $900 million.
Infrastructure , Shale Plays , Pipelines
US Appeals Court Denies Dakota Access Pipeline Rehearing Request
The decision means the Dakota Access Pipeline (DAPL) technically is still trespassing on federal land because it does not have a permit to cross under the Dakotas’ Lake Oahe.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (April 23, 2021)
Marcellus Shale discoveries reported in Harrison County, West Virginia, Continental Resources Middle Bakken and Three Forks producers at single drill pad plus four Hayneville wells completed in Caddo Parish by Chesapeake Energy top this week’s oil and gas drilling activity highlights from around the world.
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.