Acquisitions & Divestitures , Shale Plays , Crude Oil , Natural Gas
Exxon Closes $60B Pioneer Deal, Reshaping Permian Basin
After facing regulatory scrutiny, Exxon Mobil closed a roughly $60 billion acquisition of Pioneer Natural Resources. The largest shale oil transaction ever signed will reshape the order of power in the vast Permian Basin oil field.
Shale Plays , Crude Oil , Natural Gas , Natural Gas liquids (NGL) , Earnings
Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests
Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.
Shale Plays , Acquisitions & Divestitures , Exploration & Production , Drilling
Decoding the Delaware: How E&Ps Are Unlocking the Future
The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
Unconventional , Wind , Shale Plays , Acquisitions & Divestitures
Equinor Says EQT Asset Swap Upgrades International Portfolio
Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.
Shale Plays , Acquisitions & Divestitures , Earnings
Chevron CEO: Permian, D-J Basin Production Fuels US Output Growth
Chevron continues to prioritize Permian Basin investment for new production and is seeing D-J Basin growth after closing its $6.3 billion acquisition of PDC Energy last year, CEO Mike Wirth said.
Exploration & Production , Shale Plays , Crude Oil , Natural Gas
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
International , Shale Plays
Guyana’s Stabroek Boosts Production as Chevron Watches, Waits
Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.
Exploration & Production , Shale Plays , Natural Gas
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Natural Gas , Liquefied Natural Gas (LNG) , Health, Safety & Environment , Emissions , Shale Plays , Pipelines
Segrist: The LNG Pause and a Big, Dumb Question
In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.
Shale Plays , Transactions , Private Equity
Novo II Reloads, Aims for Delaware Deals After $1.5B Exit Last Year
After Novo I sold its Delaware Basin position for $1.5 billion last year, Novo Oil & Gas II is reloading with EnCap backing and aiming for more Delaware deals.