Shale Plays , Acquisitions & Divestitures

NOG Closes Williston Basin Bolt-on Acquisition

The closing settlement was $158 million.

August 16, 2022

Natural Gas , Crude Oil , Shale Plays

EIA: Permian Oil Output to Reach Record High in September

Big production increases are also expected in other major plays, including Eagle Ford, Bakken, Appalachia and Haynesville, the agency said.

August 16, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Brigham Minerals Steps Up Permian Ground Game While Mum on Possible Sale

Brigham Minerals partially redeployed the proceeds from a divestiture in the Anadarko Basin during the second quarter into debt reduction and its acquisition ground game in the Permian Basin.

August 12, 2022

Shale Plays , Acquisitions & Divestitures

Earthstone Announces Closing of Titus Acquisition

Earthstone Energy's previously announced acquisition of Titus Oil & Gas' Delaware Basin assets will expand the company's acreage by 7,900 net acres.

August 11, 2022

Business , Shale Plays , Transactions

Chesapeake Gets Back to Black

Chesapeake ready to wrap return to its roots as a key U.S. natural gas-weighted E&P through a series of key acquisitions in late 2021 and early 2022, CEO Nick Dell'Osso shared in a second-quarter conference call.

August 10, 2022

Business , Exploration & Production , Shale Plays

Production Lending Closes $35 Million Loan to Private Permian Basin Operator

Proceeds from the Production Lending loan will be used by the private, Midland, Texas-based oil and gas company to drill and complete six horizontal wells in the northern Midland Basin.

August 9, 2022

Business , Shale Plays , Acquisitions & Divestitures

Devon Energy Doubles its Eagle Ford Footprint in $1.8 Billion Deal

Devon Energy’s acquisition of Eagle Ford operator Validus Energy is the firm’s second acquisition since June. 

August 9, 2022

Earnings , Shale Plays , Joint Ventures

Occidental Petroleum Extends Permian Basin JV through 2025

Occidental President and CEO Vicki Hollub said, among record earnings results, Oxy would extend its Permian JV with Ecopetrol in the Midland and Delaware basins to encompass 20,000 net acres.

August 7, 2022

Earnings , Exploration & Production , Shale Plays

EOG Resources Sticks to 4% Annual Output Growth

“Oilfield service capacity remains extremely tight and is further constrained by the limited availability of materials and experienced labor,” EOG Resources COO Billy Helms told investors.

August 5, 2022

Rig Counts , Shale Plays

US Oil Rig Count Falls by the Most Since September: Baker Hughes

Even though the total rig count in the U.S. has climbed for a record 24 months through July, weekly increases have mostly been in the single digits and oil production is only forecast to recover to pre-pandemic record levels next year.

August 5, 2022