More Top Stories in Shale Plays

Shale Plays, Acquisitions & Divestitures, Trends

With Permian M&A Cooling, Will Other Basins Catch a Cold?

An analyst by Mercer Capital showed production per acreage deals have skyrocketed 10x in the past six months, pushing the limits of what could constitute an economically feasible deal in the Permian Basin.

August 3, 2022

DUG Bakken and Rockies

DUG Bakken & Rockies 2022: A Special Address

Liberty Energy chairman and CEO Chris Wright gives a special address on the state of supply and demand in the U.S. and global markets, in addition to other pressing topics.

August 3, 2022

Markets, Shale Plays, Pipelines

MPLX Ups Pipeline Throughput by 6% in Second Quarter

MPLX said it is expanding several projects, including in the Permian Basin where the Whistler pipeline is increasing from 2 Bcf/d to 2.5 Bcf/d.

August 3, 2022

Lease Sales

Marketed: Rimrock, Cornerstone Midcontinent Divestiture

Rimrock Resource Partners LLC and Cornerstone Petroleum Midcon LLC retained RedOaks Energy Advisors for the for sale of certain operated and nonoperated properties in the Midcontinent.

August 3, 2022

Infrastructure, Shale Plays, Construction

Equitrans to Complete Mountain Valley Pipeline in 2023, Shares Soar

U.S. Senator Joe Manchin said Aug. 1 that he secured a commitment from President Joe Biden, Senate Majority Leader Chuck Schumer and House of Representatives Speaker Nancy Pelosi to allow the long-delayed Mountain Valley to be completed.

August 3, 2022

Lease Sales

Marketed: Bissell Oil South Green River Basin Development Opportunity

Bissell Oil was retained by Energy Advisors Group (EAG) to source capital for the development of their Green River vertical development prospect located in Summit and Daggett Counties, Utah.

August 2, 2022

Lease Sales

Marketed: Sabine Oil and Gas Upton County, Texas Property Package

Sabine Oil and Gas Corp., as trustee for the Forest Oil Corp. Pension Trust, retained EnergyNet for the sale property package in Upton County, Texas, through an auction closing Aug. 16.

August 2, 2022

Public Capital, Earnings, Shale Plays

Devon, Diamondback Energy Power Past Estimates on Oil Price Surge

Both U.S. shale producers sweetened the pot for investors by announcing higher returns, with Devon Energy raising its quarterly dividend to $1.55 from $1.27 and Diamondback Energy hiking share repurchases by $2 billion to $4 billion.

August 1, 2022

Public Capital, Earnings, Exploration & Production

Exxon Mobil Eyes Flat Production, Increased Dividends and Share Buybacks

Despite Exxon Mobil’s pledge to return approximately $30 billion via share repurchases and a nearly equivalent amount via dividends in 2022, some analysts highlighted at least one issue with the oil major’s plans.

August 1, 2022

Shale Plays, Technology

Callon Petroleum Awards USA Compression Dual Drive Contract for Eagle Ford Shale System

Through USA Compression's Dual Drive system, Callon Petroleum will be able to reduce its greenhouse-gas emissions natural gas or electric-powered compression services.

August 1, 2022