Williston
Crude Oil , Natural Gas
EIA: Oil, Gas Output to Fall Across Lower 48 in February
Daily oil and gas output is forecasted to decline from shale basins across the Lower 48 in February—except from the mighty Permian Basin, according to new Energy Information Administration figures.
Acquisitions & Divestitures
Phoenix Capital Group Acquires Bakken Mineral Interests
Phoenix Capital Group acquired about 600,000 net mineral acres across four states from AgWest Farm Credit.
Exploration & Production , Trends
Deckelbaum: US Shale Landscape Taking on New Shape Through M&A
In 2023, majors Chevron and Exxon Mobil took four public names off the board—Pioneer Natural Resources, Denbury, PDC Energy and Hess Corp.— using all-equity takeout mechanisms with scant premiums.
People
Chord Energy Appoints New COO, Board Chair
Chord Energy appoints Susan Cunningham as independent chair of its board and Darrin Henke as executive vice president and COO of the company.
Trends
Big Oil Enters 2024 Strengthened by Shale M&A
Following M&A in 2023, four companies are now positioned to control about 58% of future production in the Permian Basin.
Hall of Fame , Hart Energy Exclusive
Energized: Hart Energy's 50th Anniversary Fireside Chat
At Hart Energy's 50th Anniversary Hall of Fame event, industry trailblazers Harold Hamm, Tom Petrie and Chris Wright gathered to discuss the state of the industry, the "shameless false marketing" of the energy transition, politics and oil and gas' next half-century.
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.