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

Energy Transition , Shale Plays , Storage

CapturePoint, Energy Transfer to Evaluate Haynesville Carbon Capture Project

CapturePoint Solutions and Energy Transfer's partnership is anticipated to capture millions of tons of CO2 emissions annually from the Haynesville shale to be permanently sequestered in its facilities.

August 5, 2022

Shale Plays , Tankers , Trucks

Sunbridge Energy Services Launches Natural Gas Compression Station in Midland Basin

Sunbridge Energy Services will help meet Permian operators’ emission reduction goals through its natural gas compression station, coming online this month in the North Midland Basin, with a partnership with Hanwha Cimarron.

August 5, 2022

Shale Plays , Water Management , Acquisitions & Divestitures

Aris Water Solutions Acquires Delaware Energy Assets in Exchange for Stock

Aris Water Solutions said in its earnings release that it had acquired all of Delaware Energy’s assets on Aug. 1 in exchange for 3.37 million Class A shares and a small, volumetric-based contingent consideration paid over five years. 

August 4, 2022