Nissa
Darbonne
Oil and Gas Investor
More Trouble for Shale: US Oil Gains Slow, Costs Rise
Diamondback Energy CEO Travis Stice said the top U.S. shale field has stretched to volumes of between 5.3 million to 5.5 million bbl/d. But the industry “is going to be challenged to continue to grow that into the future.”
Diamondback Energy Quarterly Profit Beats Market Estimates
Diamondback Energy raised its full-year net production guidance to 385,000-386,000 boe/d, to reflect the additional 7,400 boe/d the FireBird acquisition is expected to add. It also raised its capex for the year.
Natgas-Bagging: Chesapeake’s Choking Back Haynesville Growth for Now
Chesapeake Energy is teeing up for more natural gas takeaway and LNG demand in late 2023 and into 2024. Plans have been canceled for adding an eighth rig in the Haynesville.
EOG Resources Unveils New Ohio Utica Combo Position
EOG Resources established a new position in the Ohio Utica Combo play for a combined cost of entry of less than $500 million, the company said in its Nov. 3 earnings release.
Marathon Oil to Acquire Ensign in $3 Billion Eagle Ford Deal
Through its acquisition of Ensign Natural Resources, Marathon Oil is gaining 130,000 net acres adjacent to the Houston-based company’s existing Eagle Ford position in South Texas.
Permian Shale Output is Losing Steam for Top US Oil Producers
Pioneer Natural Resources told investors it will reshuffle its drilling portfolio next year to target wells with potentially higher returns, a move to boost lagging productivity levels. Chevron and Exxon Mobil also offered cautious notes on their Permian oil and gas volumes.
Hot Waha: Pioneer’s Looking at Permian Deep Gas
The targets are the Barnett and Woodford shales, as the Waha has a hotter outlook than it appears today, Pioneer Natural Resources reveals during the Permian operator’s earnings call.
UK’s New PM Rishi Sunak Plans to Ban Fracking Again
The U.K.’s new young Prime Minister Rishi Sunak gave his first speech this week promising to fix mistakes by the former minister while saying he’ll again ban fracking.
You Can't Spell Permian Without 'PE'
Private equity sees continuing opportunities in the prolific basin.
Estonia Turns Back to Shale Oil as It Cuts Off Russian Power
“It is an insurance ticket for Estonia because the oil shale is there,” said Hando Sutter, CEO of Estonian state-run energy group Eesti Energia. “This is just to replace the missing power supplies and compensate for high power prices.”