Onshore

Exploration & Production , Shale Plays

Permian Basin Oil Output Forecast to Hit Record High in June: EIA

Gas output in the Permian Basin and the Haynesville in Texas, Louisiana and Arkansas will rise to record highs of 20 Bcf/d and 15.1 Bcf/d in June, respectively.

May 17, 2022

Lease Sales

Marketed: White Rock Oil & Gas Northern Midland Basin Waterflood Properties

White Rock Oil & Gas retained PetroDivest Advisors for the sale of the Welch Unit waterflood properties in the northern Midland Basin of the Permian Basin in Dawson and Terry counties, Texas.

May 16, 2022

Shale Plays , Acquisitions & Divestitures , Midstream

Diamondback Energy to Acquire Rattler Midstream in $575 Million Roll-up

“This merger will allow both companies to benefit from the simplicity and scale of the combined entity going forward,” says  Diamondback Energy CEO Travis Stice.

May 16, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Grey Rock Agrees to $1.3 Billion Business Combination with Paul Ryan-backed SPAC

Grey Rock will contribute oil and gas assets in the Permian Basin, Bakken, Eagle Ford Shale, D-J Basin and Haynesville Shale plays to form Granite Ridge Resources.

May 16, 2022

Lease Sales

Marketed: EOG Resources Operated Eagle Ford Properties

EOG Resources Inc. retained RedOaks Energy Advisors for the sale of certain operated properties located in the Eagle Ford consisting of operated HBP leasehold with significant running room in Atascosa County, Texas.

May 16, 2022

Lease Sales

Marketed: Lincoln Energy Partners D-J Basin Producing, Undeveloped Minerals

Lincoln Energy Partners retained Meagher Energy Advisors for the sale of D-J Basin producing and undeveloped minerals in Colorado’s Weld, Adams and Arapahoe counties and Laramie County, Wyoming.

May 13, 2022

Lease Sales

Marketed: Kaiser-Francis Operated Well Package, Divide County, North Dakota

Kaiser-Francis Oil Co. retained EnergyNet for the sale of operated working interest in North Dakota wells plus leasehold acreage located in the Spyglass area in Divide County.

May 13, 2022

Exploration & Production , Shale Plays , Technology

Dynamic Routing: A New Shale Operating Model

Eagle Ford Shale operator Ensign Natural Resources has taken the operate by exception model a step further into the future, by developing what the company refers to as a dynamic routing operating model.

May 13, 2022

IPO , Shale Plays , Technology

ProFrac Prices IPO Below Target Range to Raise $288 Million

ProFrac’s listing, which raised $288 million from the issue of 16 million new shares, comes in a rocky year for U.S. capital markets and underscores the challenges facing IPO-bound companies.

May 13, 2022

Lease Sales

Marketed: Eagle Oil & Gas Bryan Field Unit Divestment

Eagle Oil & Gas Co. retained BOK Financial Securities for the sale of operated working interest in the Bryan Field Unit in Mississippi’s Jasper and Jones counties

May 12, 2022