According to Lynn Helms, North Dakota’s director of mineral resources, last year was a “pretty terrible year for the industry” and oil and gas producers in 2021 will be stressed from both ends—investor and market demands.
Here’s a snapshot of recent energy deals including the $2.2 billion all-stock combination of Canadian oil producers ARC Resources and Seven Generation plus Energy Transfer’s multibillion-dollar acquisition of Enable Midstream.
Roughly 500,000 to 1.2 million bbl/d of crude production in Texas has been shut-in by the weather, which hit the state with the coldest temperatures in 30 years, Rystad Energy says.
Two federal attorneys, who represent the Army Corps in an ongoing legal battle over the Dakota Access Pipeline, are withdrawing from the case between the Standing Rock Sioux Tribe and the Corps, a court filing says.
Amid growing ESG and financial pressure on oil and gas operations nationwide, the North Dakota Industrial Commission (NDIC) approved a grant on Feb. 4 to trial new green oilfield chemistries in wells across the state.
Marathon Oil has laid off around 100 U.S. employees, or about 5% of its total workforce, a spokeswoman for the Houston-based oil and gas producer said Feb. 11.
Concern about how U.S. President Joe Biden’s administration will handle the Dakota Access Pipeline (DAPL), which can transport more than 550,000 bbl/d out of the Bakken, is boosting prices.
Here’s a snapshot of recent energy deals including Northern Oil and Gas’ expansion into the Marcellus Shale with a $250 million acquisition from India’s Reliance plus Japanese trading house Sumitomo’s U.S. shale exit.
Here’s a quicklist of oil and gas assets on the market including a Blackbeard Operating Permian Basin divestiture comprised of certain Central Basin Platform properties plus Overland Oil & Gas D-J Basin, Bakken Shale well packages.