The Latest
Investment, Exploration & Production, Policy & Regulations
Biden’s Energy Policy Will Benefit Middle East, Says Wyoming Governor
Mark Gordon, Wyoming’s governor, said the U.S. Interior Department’s moratorium on issuing new permits to drill for oil and gas on public land under its control would “send capital elsewhere.”
Public Capital, People, Shale Plays
Antero Resources Adds Former Concho Exec Brenda Schroer to Board
Brenda Schroer previously served as senior vice president, CFO and treasurer of Concho Resources, where she oversaw the company’s ESG reporting.
Lease Sales
Marketed: Henry Resources Permian Basin Nonop Divestiture
Henry Resources LLC has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its nonoperated working interest properties in the Permian Basin across West Texas and southeastern New Mexico.
Public Capital, Shale Plays, Acquisitions & Divestitures
EQT Expands Marcellus Position in Nearly $3 Billion Acquisition
EQT projects the acquisition, which adds a new operating position in the northeast Marcellus Shale play in Pennsylvania, will increase its free cash flow by 55%, or $2 billion, through 2026.
Public Capital, Shale Plays, Trends, Mergers
Pioneer’s Recent Multibillion-dollar Buying Spree Strengthens US Shale, CEO Says
Pioneer Natural Resources’s acquisition of privately backed DoublePoint Energy “helps the situation,” CEO Scott Sheffield said in reference to rising fears of a U.S. shale drilling binge.
Lease Sales
Marketed: Barnett Shale Nonop Working Interest Package
Black Falcon Energy retained EnergyNet for the sale of a Barnett Shale opportunity that includes interest in nearly 1,000 wells across North Texas.
Acquisitions & Divestitures, Trends, Mergers
Energy A&D Transactions from the Week of May 5, 2021
Here’s a snapshot of recent energy deals including a Bakken deal between Oasis Petroleum and Diamondback Energy plus the sale of Hunt Oil’s Permian Basin asset in a transaction believed to be worth over $1 billion.
Lease Sales
On the Market Oil and Gas Quicklist (Week of May 5, 2021)
Here’s a quicklist of oil and gas assets on the market including Fairway Resources Oklahoma properties and Kaiser-Francis Oil well package in Louisiana plus the offer from Centennial Resource Production to acquire or farm in certain operated assets in the Permian Basin of Reeves County, Texas.
Infrastructure, Construction, Pipelines
Mountain Valley Pipeline Start Delayed, Cost Rises to $6.2 Billion
The natural gas pipe’s delay to summer 2022 is due to regulators’ request for time to review certification applications.
Lease Sales
Marketed: Eagle Oil & Gas East Texas Operated Divestiture
Eagle Oil & Gas retained RedOaks Energy Advisors for the sale of certain East Texas properties comprising roughly 13,000 net acres in Henderson and Anderson counties.