The Latest

Investment, Exploration & Production, Shale Plays, Acquisitions & Divestitures

U.S. Energy Development Continues Permian Basin Expansion with Recent Acquisitions

U.S. Energy Development acquired interests in oil development projects that the company’s CEO described as “instrumental” in U.S. Energy’s continued growth and expansion in the Permian Basin.

February 26, 2021

Lease Sales

Marketed: Operated Acquisition / Farm-in Opportunity in Wyoming D-J Basin

Eagle River Energy Advisors LLC has been retained by WOV LLC to divest or farm-out certain operated leasehold assets in the Denver-Julesburg (D-J) Basin of Wyoming’s Laramie County.

February 26, 2021

Rig Counts, Unconventional

Chart: Eastern Rig Count as of February 26, 2021

Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia

February 26, 2021

Rig Counts, Unconventional

Chart: Gulf Coast Rig Count as of February 26, 2021

Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore

February 26, 2021

Rig Counts, Unconventional

Chart: Western Rig Count as of February 26, 2021

California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming

February 26, 2021

People, Exploration & Production, Shale Plays

ConocoPhillips COO Matt Fox to Retire after 35 Years with Houston Company

Matt Fox, who served in several leadership roles at ConocoPhillips before becoming COO in 2018, helped guide the company’s “successful transformation” into an independent E&P, says CEO Ryan Lance.

February 25, 2021

Shale Plays, Drilling

E&P Case Study: Addressing Wellbore Quality in the Bakken Shale

Wellbore tortuosity logging provides in-depth information on rod lift challenges in the Bakken Shale as the importance of understanding wellbore quality grows for E&P companies moving forward.

February 25, 2021

Private Equity, Natural Gas, Acquisitions & Divestitures, Midstream

Tailwater Capital Strikes Midstream Deal With NorTex

The NorTex Midstream deal follows the acquisition of Tall Oak II and III by Tailwater Capital last month in Oklahoma’s Arkoma STACK.

February 24, 2021

Acquisitions & Divestitures, Trends, Mergers

Energy A&D Transactions from the Week of Feb. 24, 2021

Here’s a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources’ Powder River Basin position.

February 24, 2021

Public Capital, Exploration & Production, Shale Plays

Pioneer Says Output Dip Won’t Derail Variable Dividend Plans

Most Pioneer Natural Resources production in the Permian Basin is back online and storm damage repairs are “minor in the grand scheme of things,” CFO Neal Shah said.

February 24, 2021