Bakken
Trends , Mergers , Policy & Regulations
Feds Dig Deeper into Chevron-Hess Merger Amid Oil, Gas M&A
Megadeals between Chevron and Hess and Exxon and Pioneer Natural Resources are under intensified scrutiny but the oil and gas firms say they will cooperate in the U.S. Federal Trade Commission’s “second request” for information.
Business , Shale Plays
Chevron Plans $6.5 Billion US Shale Capex, Permian Growth in ‘24
California major Chevron Corp. is setting aside $6.5 billion to develop its U.S. shale portfolio next year, with the bulk of the spend allocated in the Permian Basin.
Exploration & Production , Crude Oil , Natural Gas , Hall of Fame
Column: All the Pretty Oil & Gas
The beauty of the oil and gas field is well known by more than a century of wildcatters and oilfield-service professionals. Hart Energy shared it with the world, beginning in 1981.
Earnings , Field Development , Mergers
Chord Energy Goes Long: Bakken E&P Investigating Four-mile Laterals
With the continued success of its three-mile lateral wells, Williston Basin operator Chord Energy reported higher-than-expected production volumes in the third quarter and is exploring even longer horizontal drilling.
Earnings , Acquisitions & Divestitures , International
Chevron CEO: Upstream Returns to be ‘Structurally Higher’ than Downstream
Chevron’s $53 billion acquisition of Hess Corp. will concentrate the California major even further in upstream oil and gas production—the part of its portfolio where Chevron sees the most future upside.
Acquisitions & Divestitures
Which Assets Will Chevron Shop After $53B Hess Deal?
Chevron is entering the Bakken Shale play in a big way through its $53 billion acquisition of Hess Corp. After closing, will the supermajor be in North Dakota to stay?
Dividends/Buybacks , Midstream
Hess Midstream Increases Cash Distribution
Hess Midstream upped its quarterly distribution 2.7%, which will be payable on Nov. 14 to Class A shareholders on record by Nov. 2.
People
Bakken’s Vitesse Energy Appoints James Henderson as CFO
James Henderson’s new role at Vitesse Energy follows financial leadership roles at Williston Basin E&Ps including Whiting Petroleum Corp. and Kodiak Oil & Gas.
Acquisitions & Divestitures
Crescent Point Sells North Dakota Assets to Private E&P
Crescent Point Energy is optimizing its portfolio as it looks to pay down debt associated with acquisitions in the Kaybob Duvernay and Alberta Montney.
Unconventional
Haynesville DUC Count Questioned as US Gas Production Forecast to Slip
The U.S. Energy Information Administration sees natural gas output falling by 147 MMcf/d in September, but the Haynesville Shale and Appalachia region continue to pump out more gas than last year.