The Latest
Company Profiles, DUG Permian, Exploration & Production, Health, Safety & Environment, Shale Plays, Technology, Acquisitions & Divestitures
PATH FORWARD: WPX Energy’s Clay Gaspar Talks Permian Outlook, ESG, Tech
Clay Gaspar, president and COO at WPX Energy, sat down with Hart Energy’s Jessica Morales for an in-depth look at the shale producer’s outlook for the Permian and Williston basins along with the importance of ESG.
Public Capital, Shale Plays, Acquisitions & Divestitures
Antero Resources Nears 2020 Divestiture Target with $220 Million Asset Sale
Antero Resources’ latest asset sale is a volumetric production payment transaction comprised of dry gas producing properties in West Virginia with a seven-year term ending 2027.
Infrastructure, Construction, Pipelines
N.C. Regulator Denies Water Quality Certification for MVP Southgate
State rejects extension to the Mountain Valley Pipeline.
Public Capital, Earnings, Exploration & Production, Shale Plays
Occidental to Cut Debt Before Boosting Oil Production, CEO Vicki Hollub Says
Occidental is restarting some activity in the Permian Basin and Gulf of Mexico, but its focus is to "ensure that we have the liquidity to go forward so we have the ability to meet our maturities," CEO Vicki Hollub says.
Lease Sales
Marketed: Williston Basin ORRI Assets in Montana, North Dakota
Eagle River Energy Advisors has been retained for the divestiture of overriding royalty interest (ORRI) assets in the Williston Basin in Montana and North Dakota with bids due Aug. 19.
Infrastructure, Pipelines
Federal Judge Gives Army Corps Three Weeks to Detail DAPL Options
The U.S. Army Corps of Engineers is exploring four options, including some that would not require the Dakota Access pipeline to shut, said Ben Schifman, an attorney representing the Army Corps.
Public Capital, Earnings, Pipelines
Duke Takes $1.6 Billion Charge to Exit Atlantic Coast Pipeline
Duke Energy said it took a $1.6 billion after-tax charge for the cancellation of the Atlantic Coast natural gas pipeline. Project partner Dominion already took a $2.8 billion charge related to the cancellation.
Lease Sales
Marketed: Private Seller Delaware Basin Minerals Opportunity
A private seller retained Detring Energy Advisors to market for sale the associated mineral interests of the historic Hanging H Ranch asset located in the Delaware Basin in Reeves and Loving counties, Texas.
Rig Counts, Unconventional, Shale Plays
Hart Energy Unconventional Activity Tracker (Week of Aug. 10, 2020)
U.S. energy firms cut the number of oil and gas rigs over the past week to a record low for a 14th week even as higher oil prices prompt some producers to start drilling again.
Public Capital, Shale Plays, Acquisitions & Divestitures, Mergers
Montney Shale Consolidation Continues with Canadian Natural Resources Deal
Canadian Natural Resources’ agreement to acquire Montney producer Painted Pony follows the acquisition of Kelt Exploration’s position in the shale gas play by ConocoPhillips late last month.