Public Capital , Shale Plays

Harold Hamm Boosts Holdings in Continental Resources

Harold Hamm said increasing his holdings in Continental Resources stock underscored his confidence in the company, the value of which he believes is currently undervalued due to the COVID-19 pandemic.

June 30, 2020

Business , Crude Oil , Shale Plays

PATH FORWARD: Why Harold Hamm Fought for Pricing of US Light, Sweet Crude

There’s a new crude benchmark in town. Harold Hamm, founder and executive chairman of Continental Resources, joined Hart Energy to explain how American GulfCoast Select will help producers in the oil industry. 

June 30, 2020

Restructurings , Public Capital , Exploration & Production , Infrastructure , Shale Plays , Midstream

Bankrupt Chesapeake Asks to Cancel Pipeline Contracts, Sets Drilling Cuts

Chesapeake Energy separately said in a filing it plans to operate six to eight drilling rigs for the next two years, about half the 14 rigs active on average in the first quarter, as it battles a historic downturn in oil prices.

June 29, 2020

Restructurings , Public Capital , Shale Plays

Permian Basin Operator Lilis Energy Succumbs to Bankruptcy

The restructuring is expected to reduce Lilis Energy debt obligations by more than $34.9 million, rightsizing its bank indebtedness for future operations focused in the Permian Basin.

June 29, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of June 29, 2020)

Rig count, oil production falls over the past week.

June 29, 2020

Business , Exploration & Production , Policy & Regulations , Shale Plays

Oil Groups Boosted by Cuts to US Royalty Rates during Pandemic

The Trump administration has slashed amounts oil and gas companies must pay for access on government-owned land during the COVID-19 pandemic.

June 29, 2020

Private Equity , Company Profiles , Exploration & Production , Shale Plays , Trends

Camino Natural Resources Profile: Midcontinent Mover

Camino Natural Resources embraced scale, an out-of-favor shale play and a robust hedging strategy as a beacon through the darkness.

June 29, 2020

Restructurings , Public Capital , Shale Plays

US Shale Pioneer Chesapeake Energy Files for Chapter 11 Bankruptcy

“We are fundamentally resetting Chesapeake’s capital structure and business to address our legacy financial weaknesses and capitalize on our substantial operational strengths,” CEO Doug Lawler said in a statement.

June 28, 2020

Restructurings , Shale Plays

Sable Permian Resources Files for Bankruptcy

Sable Permian Resources was created last year when Aubrey McClendon's American Energy - Permian Basin LLC merged with its parent company in an attempt to avoid bankruptcy.

June 26, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (June 26, 2020)

Wolfcamp-Spraberry Trend wells completed by Earthstone Energy in the Permian Basin plus four strong Haynesville Shale discoveries from two separate pads in Louisiana’s Sabine Parish top this week’s drilling activity highlights from around the world.

June 26, 2020