Williston
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.
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.
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.
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.
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.
Super DUG , Natural Gas , Enhanced Oil Recovery
SUPER DUG: Liberty CEO Pearson Talks EOR in the Bakken
At the SUPER DUG conference in Fort Worth, Texas, Liberty Resources CEO C. Mark Pearson sat down with Hart Energy's Jordan Blum to discuss his company's usage of Bakken-produced gas and EOR in the Bakken.
Super DUG , Exploration & Production , Shale Plays
Chord Energy Comes Together With Deals, Drilling
Chord is consolidating in the Williston Basin, including through a recent deal with Exxon Mobil, while finetuning its well spacing and three-mile laterals.
Acquisitions & Divestitures , Midstream , A&D Minute
A&D Minute: Pushing Through More Public-to-Public Deals [WATCH]
In this week's A&D Minute, Chevron acquires PDC Energy, Chord Energy pushes a deal forward with XTO Energy and Next Era Energy Partners sells its midstream assets.