Company Profiles , Shale Plays , Acquisitions & Divestitures

Petro-Hunt: The Searchers

Despite the Hunt family’s famous patriarch—legendary oil tycoon H.L. Hunt—Petro-Hunt LLC’s dealings, including a recent Permian Basin acquisition, remain a family affair.

June 29, 2022

ESG , Shale Plays

Chevron Achieves Top Environmental Scores for Texas, Colorado Upstream Assets

Project Canary's environmental assessment in Chevron's Permian and Denver-Julesburg basins positions the company to excel in the responsibly sourced natural gas market.

June 29, 2022

Exploration & Production , Shale Plays , Acquisitions & Divestitures

Exxon Mobil, Imperial Sell Canada Shale Assets for $1.5 Billion Cash

Imperial and Exxon Mobil agreed to sell XTO Energy Canada, a jointly owned shale producer in Western Canada, in an all-cash transaction to Whitecap Resources.

June 28, 2022

Crude Oil , Shale Plays , Midstream

US Gulf Coast Crude Oil Exports to Touch Record High This Quarter

Crude oil exports from the U.S. to Europe are expected to average 1.4 MMbbl/d this quarter after U.S. exports rose since the release of 180 MMbbl of oil from the Strategic Petroleum Reserve.

June 28, 2022

Exploration & Production , Shale Plays , Acquisitions & Divestitures

Earthstone Launches Another Deal to Add Titus’ Delaware into the Fold

The $627 million deal adds 86 net locations in the Permian Basin and boosts Earthstone Energy’s production by an estimated 26%.

June 28, 2022

Exploration & Production , Shale Plays , Technology

How Shale Producers Can Deliver Oil and Gas for the Future

Because oil and gas will still be part of the energy mix, executives said it also makes sense to incentivize lower-carbon basins like the Bakken.

June 28, 2022

Exploration & Production , Emissions , Shale Plays

EPA Faces Backlash for New Regulations Threatening Permian Production

Texas Gov. Greg Abbott said EPA’s actions could limit Permian Basin production, which could substantially increase pump prices.

June 28, 2022

Private Equity , Shale Plays , Acquisitions & Divestitures

Tug Hill, Quantum Energy Explore $5 Billion Sale: Sources

THQ Appalachia, which focuses on the Marshall and Wetzel counties in West Virginia, is expected to fetch bids of more than $5 billion due to the worth of its existing production and potential value of its undeveloped acreage, sources said.

June 27, 2022

Shale Plays , Acquisitions & Divestitures

Sitio Royalties Unveils Pair of Permian Basin Acquisitions Worth Nearly $550 Million

On June 27, Sitio Royalty said it completed the acquisition of Permian Basin acreage from Foundation Minerals for approximately $323 million and entered an agreement to acquire additional Permian acreage from Momentum Minerals for $224 million.

June 27, 2022

Shale Plays , Acquisitions & Divestitures , Gathering & Processing

DCP Midstream Expands Permian Basin Footprint with $160 Million Bolt-on Acquisition

Denver-based DCP Midstream recently agreed to acquire the James Lake System from Woodland Midstream II, which increases DCP’s gathering capacity in the Permian Basin.

June 27, 2022