Public Capital , Acquisitions & Divestitures

Diversified Energy CEO Expects Company to Grow ‘Substantially’ by Acquisitions

Unlike most U.S. producers, Diversified, which this month changed its name from Diversified Gas & Oil, does not drill new wells, but buys mature gas fields and focuses on slowing their decline rates.

May 14, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Callon Petroleum Discloses $40 Million Permian Basin Divestiture

The divestiture primarily comprise natural gas-producing properties in the western Delaware Basin of the Permian and also include a small undeveloped acreage position, Callon Petroleum said.

May 14, 2021

Business , Natural Gas , Emissions , Energy Transition , Shale Plays

Project Canary Forms Partnership with Colorado’s Largest Energy Provider

Its latest pilot project includes a deal with electric and gas utility Xcel Energy to buy natural gas for its Colorado customers produced by Crestone Peak Resources and certified as “responsibly sourced” by Project Canary.

May 14, 2021

Lease Sales

Marketed: PetroRock Cat Canyon Oil Field, Santa Barbara County, California

PetroRock LLC retained TenOaks Energy Advisors for the sale of certain operated properties in the Cat Canyon oil field in the Santa Maria Basin in California’s Santa Barbara County.

May 14, 2021

Influential Women , Shale Plays

Women in Energy: Jennifer McCarthy, Alta Resources

Today’s featured 25 Influential Women in Energy honoree is Jennifer McCarthy, president and COO of Alta Resources LLC based in Houston.

May 14, 2021

Public Capital , Earnings

California Resources Launches $150 Million Share Buyback Program

As California Resources is tracking to the high end of 2021 free cash flow guidance, the company will look for additional ways to return capital to our shareholders as the year progresses, CEO Mac McFarland says.

May 14, 2021

Public Capital , People , Shale Plays

Chesapeake Energy Says No Board Members Interviewing for CEO Post

Chesapeake Energy Interim-CEO Mike Wichterich said the search for a replacement would take a few months, adding that former CEO Doug Lawler had not left because of any action and strategy was unchanged.

May 14, 2021

Rig Counts , Unconventional

Chart: Gulf Coast Rig Count as of May 14, 2021

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

May 14, 2021

Energy Transition , Technology

Mitsubishi, Texas Brine Enter Pact to Develop Hydrogen Storage Solutions

This collaboration expands Mitsubishi Power’s capability to store hydrogen safely and cost effectively in salt caverns in strategic locations across North America.

May 13, 2021

Energy Transition

Spain’s Repsol Invests in US Renewables Developer Hecate

Repsol will buy 40% of the Chicago-based business, which is one of the largest privately-owned developers and operators of solar power plants in the United States.

May 13, 2021