Unconventional , Enhanced Oil Recovery

Bakken EOR Trial Increased Output by 25%

Pilot project shows alternating produced gas with water/surfactant EOR mix boosts production and cuts costs in the Bakken shale.

November 29, 2022

Exploration & Production , Methane , Legislation

US Seeks to Limit Flaring, Methane Leaks from Public Lands Drilling

The proposal would place monthly limits on flaring and require oil and gas companies to undertake methane leak detection programs on federal land.

November 28, 2022

Lease Sales

Marketed: Canyon Creek Energy - Arkoma, Hughes County, Oklahoma, Package

Canyon Creek Energy - Arkoma LLC retained EnergyNet for the sale of operated working interest in two producing horizontal wells in Oklahoma’s Hughes County.

November 28, 2022

Private Equity , Unconventional , Acquisitions & Divestitures

Appalachia Assets Operated by Seneca Resources Sold to IOG Resources

The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d. 

November 22, 2022

Field Development

Nigerian State-Owned Company Starts Oil Drilling at Field in North

No oil major is involved in the project being developed by NNPC, local firm Sterling Global Oil and New Nigeria Development Commission, a conglomerate owned by 19 northern states.

November 22, 2022

Public Capital , Executive Oil Conference , Acquisitions & Divestitures

Permian Resources Could Entertain Value Propositions Next Year, Co-CEO Says

Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.

November 22, 2022

Unconventional , ESG , Completions

E-Frac ‘Better at Being a Neighbor’ than Traditional Systems

Changing capital cost models make e-frac systems within reach for more operators, according to Baker Hughes’ Steve Goldstein.

November 21, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Texas Shale Producer Ranger Oil Explores Sale, Sources Say

Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.

November 21, 2022

IPO , Shale Plays

Barnett Shale’s Largest Producer BKV Corp Files for IPO

The company, which also has assets in the Marcellus, has an integrated approach that includes upstream, midstream, power generation and carbon capture business lines.

November 18, 2022

Public Capital , Unconventional , Acquisitions & Divestitures

Diamondback Flexes Equity Muscles in $3.3 Billion Lario, FireBird Deals

Diamondback, Marathon Oil and Devon have dominated second-half M&A thanks to higher EBITDA multiples and yields than smaller E&P competitors can offer.

November 18, 2022