Lease Sales

Marketed: Nonop Bakken Properties, North Dakota, Montana

BOKF Petro Holdings II LLC is offering for sale certain nonoperated working interest properties in Montana and North Dakota.

April 12, 2021

Public Capital , Infrastructure , Shale Plays , Pipelines

Shares of Oil Producers Tied to Dakota Access Pipeline Rise

Shares of North Dakota oil producers Oasis Petroleum, Continental Resources and Enerplus were trading higher after the U.S. Army Corps of Engineers said it would allow the Dakota Access pipeline to run.

April 12, 2021

Business , Shale Plays , Acquisitions & Divestitures , Trends , Mergers

Upstream M&A Tally Suggests Subtle Rebound in First-quarter

The recently announced agreement by Pioneer Natural Resources to acquire DoublePoint Energy, with multiple private equity sponsors, also adds further indications of a shift toward private upstream activity, analyst says.

April 9, 2021

Policy & Regulations , Pipelines

US Army Corps to Allow Dakota Access Pipeline to Stay Open During Review

The move leaves the decision on shutting down the pipeline with the U.S. District Court of the District of Columbia.

April 9, 2021

Rig Counts

US Drillers Add Gas Rigs, Hold Oil Rigs Steady This Week

The combined oil and gas rig count rose two to 432 in the week to April 9, its highest since April 2020, Baker Hughes said in its weekly report.

April 9, 2021

Infrastructure , Shale Plays , Pipelines

Fate of Dakota Access Pipeline to be Decided at Court Hearing

The market has been increasingly worried about a possible shutdown of the Dakota Access pipeline, which ships up to 570,000 barrels of North Dakota's crude oil production to the U.S. Midwest and Gulf Coast.

April 8, 2021

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Hess Sells Bakken Acreage in $312 Million Deal to Enerplus

The sale to Enerplus consists of non-strategic interests in Bakken acreage in North Dakota that CEO John Hess said the company wasn’t planning on drilling before 2026.

April 8, 2021

Earnings , Shale Plays , Construction , Pipelines

Phillips 66 Partners Cancels Rockies, Bakken Oil Pipeline Project

The roughly $1.6 billion project, which was proposed to support oil production growth in the Rockies and the Bakken shale regions, had been put on hold more than a year ago.

April 7, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of April 7, 2021)

Here’s a quicklist of oil and gas assets on the market including Starboard, Max Permian Northern Delaware Basin leasehold plus an Antrim Shale ORRI well package and a state lease sale in New Mexico’s Lea County.

April 7, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 31, 2021

Here’s a snapshot of recent energy deals including Ovintiv’s Eagle Ford Shale exit through the $880 million sale of its South Texas assets to Validus Energy plus the all-stock merger of Noble Corp. with Houston-based Pacific Drilling.

March 31, 2021