Public Capital , Shale Plays , Acquisitions & Divestitures

Antero Resources Nears 2020 Divestiture Target with $220 Million Asset Sale

Antero Resources’ latest asset sale is a volumetric production payment transaction comprised of dry gas producing properties in West Virginia with a seven-year term ending 2027.

August 11, 2020

Lease Sales

Marketed: Williston Basin ORRI Assets in Montana, North Dakota

Eagle River Energy Advisors has been retained for the divestiture of overriding royalty interest (ORRI) assets in the Williston Basin in Montana and North Dakota with bids due Aug. 19.

August 11, 2020

Unconventional , Drilling

Empire Taps Schlumberger to Help Unlock Potential Northern Territory Shale Resources

Plans are for Schlumberger Land Rig 183 to drill to a depth of about 2,900 m, allowing Empire to evaluate the targeted Velkerri Shale and Kyalla Shale, the company said in a news release.

August 11, 2020

Digital Oilfield

Total Investment, Alibaba Partner to Drive Digital Transformation

Total (China) Investment has signed a memorandum of understanding (MOU) on Aug. 11 in order to pursue strategic collaboration with Alibaba Group and leverage the company’s respective resources to drive the digital transformation of Total’s operations in China.

August 11, 2020

Well Stimulation

National Energy Services Bags UAE Contracts Worth $100 Million

National Energy Services Reunited Corp. reported multiple contract awards in the United Arab Emirates valued at up to $100 million for coiled tubing, nitrogen and stimulation services for a period of three years with two optional one-year extensions.

August 11, 2020

Infrastructure , Pipelines

Federal Judge Gives Army Corps Three Weeks to Detail DAPL Options

The U.S. Army Corps of Engineers is exploring four options, including some that would not require the Dakota Access pipeline to shut, said Ben Schifman, an attorney representing the Army Corps.

August 11, 2020

Public Capital , Earnings , Pipelines

Duke Takes $1.6 Billion Charge to Exit Atlantic Coast Pipeline

Duke Energy said it took a $1.6 billion after-tax charge for the cancellation of the Atlantic Coast natural gas pipeline. Project partner Dominion already took a $2.8 billion charge related to the cancellation.

August 10, 2020

Lease Sales

Marketed: Private Seller Delaware Basin Minerals Opportunity

A private seller retained Detring Energy Advisors to market for sale the associated mineral interests of the historic Hanging H Ranch asset located in the Delaware Basin in Reeves and Loving counties, Texas.

August 10, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Aug. 10, 2020)

U.S. energy firms cut the number of oil and gas rigs over the past week to a record low for a 14th week even as higher oil prices prompt some producers to start drilling again.

August 10, 2020

Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers

Montney Shale Consolidation Continues with Canadian Natural Resources Deal

Canadian Natural Resources’ agreement to acquire Montney producer Painted Pony follows the acquisition of Kelt Exploration’s position in the shale gas play by ConocoPhillips late last month.

August 10, 2020