Bakken
Lease Sales
Marketed: Overland Energy Partners Bakken Shale, Three Forks Opportunity
Overland Energy Partners IV LLC et al retained EnergyNet for a Bakken shale/Three Forks opportunity for 95 frac’d/DUC/drilling/permitted wells (all not yet in pay) plus 38 producing wells (Producing MI/RI) and 30 PUD locations in Dunn and Williams Counties, North Dakota.
Acquisitions & Divestitures
Ovintiv to Acquire EnCap’s Midland Basin Assets for $4.2 Billion, Exit Bakken
Ovintiv will acquire three Midland Basin portfolio companies from EnCap Investments and exit the Bakken in a separate, $825 million transaction with EnCap.
Natural Gas , Crude Oil , Energy Transition , Shale Plays
DUG Haynesville: Equitable Origin's Jordan Sees Potential in Responsibly-sourced Oil
Equitable Origin's Corey Jordan said he sees responsibly-sourced certifications moving past just natural gas and into other commodities such as oil in an exclusive interview with Hart Energy's Deon Daugherty at DUG Haynesville in Shreveport.
Private Equity , Investment , Energy Transition , Shale Plays
Q&A: EnCap’s Thielemann: Private Equity ‘Survivors’ Poised to Thrive
EnCap private equity veteran Brad Thielemann discusses the role of private equity in traditional oil and gas investing — including the need to ramp up investments to meet demand — as well as its trajectory for financing the transitions ahead.
Markets , Shale Plays
US Shale Basins Boast $54/bbl Average Breakeven Price
The average full-cycle breakeven for U.S. shale basins is approximately $54/bbl, while the average for public E&Ps and private operators is $53/bbl and $58/bbl, respectively, Wells Fargo said, citing Rystad Energy data.
Exploration & Production , Natural Gas , Crude Oil , Shale Plays
April US Shale Production Set to Rise to Highest Since December 2019
Crude output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise to 5.62 MMbbl/d. Though that would be a record high, oil output from the region is expected to gain by 26,000 bbl/d from the previous month, it’s also the smallest increase since last December, the data showed.
Earnings , Exploration & Production , Acquisitions & Divestitures
Ovintiv Takes an ‘Encouraged but Measured Approach’ to 2023 Drilling, M&A
After a year of expansion in 2022, Ovintiv plans on a positive but cautious approach to M&A while bringing wells online in the Permian, Montney, Rockies and the Anadarko this year.
Acquisitions & Divestitures , Midstream
Hilcorp Affiliate Harvest Midstream to Purchase Paradigm’s Bakken, Eagle Ford Assets
Paradigm will sell three midstream gathering systems serving the Bakken, and another in the Eagle Ford, to Hilcorp-affiliate Harvest.
Investment , Exploration & Production , Acquisitions & Divestitures , NAPE
Devon Energy CEO Rick Muncrief Shares Secrets of Successful A&D
Devon Energy’s chief executive revealed the formula that made the firm’s merger with WPX Energy work.
Private Equity , Midstream
Intensity Infrastructure Partners Secures Equity Backing from EIV Capital
In February, EIV Capital raised $702 million in funding and said it had more than $900 million to deploy into new investments.