Bakken

Chevron CEO: Permian, D-J Basin Production Fuels US Output Growth

Chevron continues to prioritize Permian Basin investment for new production and is seeing D-J Basin growth after closing its $6.3 billion acquisition of PDC Energy last year, CEO Mike Wirth said.

April 29, 2024

Exxon Mobil, Chevron See Profits Fall in 1Q Earnings

Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.

April 26, 2024

Guyana’s Stabroek Boosts Production as Chevron Watches, Waits

Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.

April 25, 2024

EIA: Permian, Bakken Associated Gas Growth Pressures NatGas Producers

Near-record associated gas volumes from U.S. oil basins continue to put pressure on dry gas producers, which are curtailing output and cutting rigs.

April 17, 2024

Chord, Enerplus’ $4B Deal Clears Antitrust Hurdle Amid FTC Scrutiny

Chord Energy and Enerplus Corp.’s $4 billion deal is moving forward as deals by Chesapeake, Exxon Mobil and Chevron experience delays from the Federal Trade Commission’s requests for more information.

April 8, 2024

Continental Resources Makes $1B in M&A Moves—But Where?

Continental Resources added acreage in Oklahoma’s Anadarko Basin, but precisely where else it bought and sold is a little more complicated.

February 26, 2024

Report: Devon Energy Targeting Bakken E&P Enerplus for Acquisition

The acquisition of Enerplus by Devon would more than double the company’s third-quarter 2023 Williston Basin production.

February 8, 2024

Silver Hill Energy Enters Bakken with Liberty Resources Acquisition

Silver Hill Energy Partners LP is getting into the Bakken in North Dakota through the acquisition of Liberty Resources II.

January 31, 2024

Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger

Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.

January 31, 2024

Is Grayson Mill the Next Bakken Domino to Fall After Chevron-Hess?

As E&Ps look to bulk up outside of the Permian Basin, EnCap-backed Bakken player Grayson Mill Energy is reportedly exploring a sale valued around $5 billion.

January 31, 2024