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.

April 30, 2021

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

April 30, 2021

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.

April 29, 2021

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.

April 28, 2021

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.

April 28, 2021

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.

April 28, 2021

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.

April 27, 2021

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.

April 23, 2021

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.

April 23, 2021

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.

April 22, 2021