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.
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.
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.
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.
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.
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.
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.
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.
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.
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.