Onshore
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.
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.
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.
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.
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.
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.
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.
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
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.
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.