Bakken
Acquisitions & Divestitures , Investment , Natural Gas , Private Equity
NGP’s Latest Fund to Stick with Existing Teams, Add Few Newcomers
NGP is targeting low breakeven upstream opportunities in the Permian Basin, Bakken and the Haynesville, Marcellus and Eagle Ford shales.
Earnings , Drilling , Mergers
The Third Mile: Chord Energy’s Longer Laterals Pay Off in Bakken
Chord Energy announces more divestitures and showcases results of longer laterals, which produce a third more than two-mile wells, CEO Daniel Brown said.
International , Markets , Exploration & Production
Hess Corp. Raises 2023 Production Guidance as Profits Fall
Hess Corporation raised its 2023 production forecast by 4.7% due to strong operational performance as well as the expected early fourth quarter startup of Payara, its third development offshore Guyana.
Dividends/Buybacks
Marathon Oil Declares Quarterly Dividend
Marathon Oil’s $0.10 per share quarterly dividend is payable to stockholders on Sept. 11.
Crude Oil , Natural Gas
EIA: Total Lower 48 Oil, Gas Output to Decrease in August
Oil and gas production is slated to fall in regions across the nation in August, including the Permian Basin, according to new EIA figures.
Crude Oil , Natural Gas liquids (NGL)
IEA: Permian, Bakken, Eagle Ford Hit Record NGL Production
The U.S. and Canada were the biggest drivers of non-OPEC+ supply with the Permian Basin, Eagle Ford Shale and the Bakken drove U.S. NGL production to a record high in April, the IEA said.
Deepwater , Shale Plays , Crude Oil
Hess: Cash Flow to Rise 25% Annually for Half Decade
U.S. oil producer Hess Corp. expects an increase in cash flow of 25% per year for the next five years, with oil remaining about $75 per barrel, CEO John Hess told an investor conference on June 25.
Acquisitions & Divestitures
Ovintiv Completes $4.2B Midland Basin Buy, Bakken Exit
Ovintiv closed its previously announced $4.2 billion Midland Basin acquisition adjacent to its current operations in the Permian, as well as the sale of the entirety of its Bakken position, the company said on June 12
ESG
Water Management in Shale Basins No Waltz
Water management and ESG goals move in tandem across the Permian, Eagle Ford, Bakken and Appalachian regions.
Super DUG , Exploration & Production
SUPER DUG: Enerplus Banks on ‘Underappreciated’ Bakken, Refracs
Enerplus COO Wade Hutchings expects the company to generate free cash flow of $475 million in 2023 with plans to launch refracturing efforts in the Bakken while easing down Marcellus Shale production.