Williston

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.

August 4, 2023

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.

July 27, 2023

Dividends/Buybacks

Marathon Oil Declares Quarterly Dividend

Marathon Oil’s $0.10 per share quarterly dividend is payable to stockholders on Sept. 11.

July 26, 2023

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.

July 18, 2023

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.

July 14, 2023

Lease Sales

Marketed: Crystal Equity Energy and CEE II-owned Properties in Williston Basin

Crystal Equity Energy LLC and CEE II LLC have retained RedOaks Energy Advisors as the exclusive advisor in connection with the sale of certain non-operated working interest properties and an equity interest in a midstream entity located in the Williston Basin.

June 28, 2023

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.

June 24, 2023

Rig Counts

US Drillers Cut Oil and Gas Rigs for Eighth Week in a Row: Baker Hughes

The oil and gas rig count fell for the eighth week in a row to 682. 

June 23, 2023

Acquisitions & Divestitures

Riverbend Acquires Williston Non-Op Assets to Mark ‘Rebuilding’ Campaign

Houston’s Riverbend Energy Group said it acquired non-operated Williston Basin assets nearly a year after exiting the basin in a $1.8 billion deal.

June 19, 2023

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

June 13, 2023