More Top Stories in Shale Plays

Joint Ventures

Red Leaf, Ute Energy to Collaborate on Uinta Basin Projects

Red Leaf Resources and Ute Energy will jointly develop Uinta Basin assets, including a refinery and proposed transloading facility. 

January 31, 2023

IPO, Shale Plays

Opinion: Fort Worth Barnett, 2023

BKV Corp. made the most of its time in the Barnett Shale before filing for IPO in November 2022.

January 31, 2023

Private Equity, Midstream

Intensity Infrastructure Partners Secures Equity Backing from EIV Capital

In February, EIV Capital raised $702 million in funding and said it had more than $900 million to deploy into new investments.

January 31, 2023

Lease Sales

Marketed: CrossRoads Horizon and Paladin Oil Non-Op WI Assets

CrossRoads Horizon LLC and Paladin Oil LLC retained EnergyNet for the sale of a non-operated working interest in three J. H. Kurth Jr. B-lease wells located in Newton County, Texas, and operated by Foundation Energy Management.

January 31, 2023

Lease Sales

Marketed: Erikson National Energy Corporate Divestiture

Erikson National Energy Inc. has retained Sayer Energy Advisors for the sale of the company's shares, with properties consisting primarily of operated, high working interest shale natural gas production from several formations in British Columbia and Alberta.

January 31, 2023

IPO, Transactions

Bob Simpson-led TXO Energy Partners IPO Exceeding Expectations

Formerly known as MorningStar Partners LP, TXO Energy is an MLP with primarily conventional-rock operations in the Permian Basin, New Mexico’s San Juan Basin and Colorado led by industry veteran Bob Simpson.

January 30, 2023

Earnings, Exploration & Production, Shale Plays

Chevron Says Venezuela Production Up Nearly 80%

Chevron Corp. reported a positive uptick in oil production in Venezuela while Permian Basin production grew 8% year-over-year.

January 30, 2023

Private Equity, Exploration & Production, Shale Plays

EnCap Upsizes Double Eagle Equity Commitment to $2.3 Billion

The upsized equity commitment and establishment of an RBL come as Double Eagle ramps up its development pace in the Permian Basin, including the recent addition of two drilling rigs.

January 30, 2023

Acquisitions & Divestitures, Trends, Mergers

Strange Brew: 2022 M&A Neared Two-decade Low, but Large-cap E&Ps Sitting Pretty

Despite large-cap publics such as Devon Energy, Diamondback and Marathon Oil dominating M&A in 2022, the overall deal count fell to the lowest level since 2005, according to Enverus.

January 30, 2023

Lease Sales

Marketed: SNR Operating Kansas WI Operated Properties

SNR Operating LLC retained RedOaks Energy Advisors as its exclusive advisor in connection with the sale of an operated working interest in certain operated properties in Sumner and Cowley counties, Kansas.

January 30, 2023