Restructurings , Private Equity , Shale Plays

Houston-based Bruin E&P Emerges from Bankruptcy with $230 Million Revolver

Bruin E&P Partners also emerged from Chapter 11 bankruptcy with a newly constituted board of directors comprised of  Kevin Asarnow, Mark Bisso, Richard J. Doleshek and Mike Wichterich as well as Bruin CEO Matt Steele.

September 8, 2020

Public Capital

Northern Oil and Gas Investors Approve Reverse Stock Split

At a special meeting of stockholders on Aug. 17, 95% of Northern Oil and Gas stockholders voted in favor of the 1-for-10 reverse stock split.

September 3, 2020

Restructurings , Public Capital , Shale Plays

Shale Producer Whiting Petroleum Emerges from Bankruptcy

Whiting Petroleum had become the first publicly traded shale producer to file for bankruptcy in April after the historic crash in crude prices in the previous month.

September 1, 2020

Unconventional , Top IP Wells

Table: Top 12 IP Wells in Three Forks

May 2020 update: Upper Three Forks Well Tested Flowing 6.028 Mbbl of Oil, 5.644 MMcf of Gas Per Day

September 1, 2020

Unconventional , Top IP Wells , Shale Plays

Updated: Top 12 IP Wells in the Bakken

February 2020: Middle Bakken Discovery By Marathon: 9.347 MMcf Of Gas, 9.014 Mbbl Of Oil Per Day

September 1, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Aug. 31, 2020)

U.S. energy firms kept the number of oil and gas rigs operating unchanged this week with some analysts expecting producers to have shut rigs ahead of Hurricane Laura.

August 31, 2020

Infrastructure , Shale Plays , Midstream

US Army Corps Asks Appeals Court to Reverse DAPL Ruling

The U.S. Army Corps of Engineers on Aug. 26 asked an appeals court to reverse a ruling which scrapped an environmental permit that allows the Dakota Access crude oil pipeline, known as DAPL, to operate on U.S. land.

August 27, 2020

Public Capital , Unconventional , Shale Plays

Equinor Halts US Shale Drilling for 2020 Amid Significant Job Cuts

Equinor plans to not drill any new unconventional wells this year in the U.S., where it has acreage in the Bakken and Marcellus shale formations, a spokesman for the Norway-based oil and gas company said.

August 26, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Aug. 24, 2020)

Weekly oil and gas rig count in the U.S. increases for the first time since March with the Midcontinent region making the largest percentage and absolute gains.

August 24, 2020

Lease Sales

On the Market Oil and Gas Quicklist (Week of Aug. 19, 2020)

Here’s a quicklist of oil and gas assets on the market including an XTO Energy operated Permian Basin well package plus a Midland Basin asset operated by Vermilion Cliffs Partners.

August 19, 2020