Bakken
Earnings , Acquisitions & Divestitures , International
Chevron CEO: Upstream Returns to be ‘Structurally Higher’ than Downstream
Chevron’s $53 billion acquisition of Hess Corp. will concentrate the California major even further in upstream oil and gas production—the part of its portfolio where Chevron sees the most future upside.
Acquisitions & Divestitures
Which Assets Will Chevron Shop After $53B Hess Deal?
Chevron is entering the Bakken Shale play in a big way through its $53 billion acquisition of Hess Corp. After closing, will the supermajor be in North Dakota to stay?
Dividends/Buybacks , Midstream
Hess Midstream Increases Cash Distribution
Hess Midstream upped its quarterly distribution 2.7%, which will be payable on Nov. 14 to Class A shareholders on record by Nov. 2.
People
Bakken’s Vitesse Energy Appoints James Henderson as CFO
James Henderson’s new role at Vitesse Energy follows financial leadership roles at Williston Basin E&Ps including Whiting Petroleum Corp. and Kodiak Oil & Gas.
Acquisitions & Divestitures
Crescent Point Sells North Dakota Assets to Private E&P
Crescent Point Energy is optimizing its portfolio as it looks to pay down debt associated with acquisitions in the Kaybob Duvernay and Alberta Montney.
Unconventional
Haynesville DUC Count Questioned as US Gas Production Forecast to Slip
The U.S. Energy Information Administration sees natural gas output falling by 147 MMcf/d in September, but the Haynesville Shale and Appalachia region continue to pump out more gas than last year.
Acquisitions & Divestitures , Investment , Natural Gas , Private Equity
NGP’s Latest Fund to Stick with Existing Teams, Add Few Newcomers
NGP is targeting low breakeven upstream opportunities in the Permian Basin, Bakken and the Haynesville, Marcellus and Eagle Ford shales.
Earnings , Drilling , Mergers
The Third Mile: Chord Energy’s Longer Laterals Pay Off in Bakken
Chord Energy announces more divestitures and showcases results of longer laterals, which produce a third more than two-mile wells, CEO Daniel Brown said.
International , Markets , Exploration & Production
Hess Corp. Raises 2023 Production Guidance as Profits Fall
Hess Corporation raised its 2023 production forecast by 4.7% due to strong operational performance as well as the expected early fourth quarter startup of Payara, its third development offshore Guyana.
Dividends/Buybacks
Marathon Oil Declares Quarterly Dividend
Marathon Oil’s $0.10 per share quarterly dividend is payable to stockholders on Sept. 11.