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Shale Plays
Ovintiv to Boost 2024 Free Cash Flow to Nearly $2B
Ovintiv management reported its on track to generate $1.9 billion in 2024 free cash flow but skirted a question about the company’s possible pursuit of Midland Basin E&P Double Eagle.
Surge of Longer Lateral Drilling to Enhance Reservoir Recovery
With energy demand growing, operators look to supply hydrocarbons by drilling longer wells.
Found in Mitchell County, Permian Basin: 2.5-mile Wolfcamp Stepouts
Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”
CEO Darren Woods: What’s Driving Permian M&A for Exxon, Other E&Ps
Since acquiring XTO for $36 billion in 2010, Exxon Mobil has gotten better at drilling unconventional shale plays. But it needed Pioneer’s high-quality acreage to keep running in the Permian Basin, CEO Darren Woods said at CERAWeek by S&P Global.
More Top Stories in Shale Plays
Scott Sheffield Sues FTC for Abuse of Power Over Exxon-Pioneer Deal
A Federal Trade Commission majority opinion in May barred former Pioneer Natural Resources CEO Scott Sheffield from serving in any capacity with Exxon Mobil Corp. following its acquisition of the Permian Basin E&P.
January 21, 2025
Berry Announces Jeff Magids as New CFO
Jeff Magids was appointed as Berry Corp.’s new CFO on Jan. 21 in replacement of Mike Helm, effective immediately.
January 21, 2025
WaterBridge to Build Delaware Basin Produced Water Network for BPX
WaterBridge plans to develop 400,000 bbl/d of produced water capacity for BPX Energy by 2028.
January 21, 2025
Utica’s Infinity Natural Resources Seeks $1.2B Valuation with IPO
Appalachian Basin oil and gas producer Infinity Natural Resources plans to sell 13.25 million shares at a public purchase price between $18 and $21 per share—the latest in a flurry of energy-focused IPOs.
January 21, 2025
New Era Helium, Sharon AI Cement Permian Basin Data Center JV
New Era Helium and Sharon AI have created a JV, Texas Critical Data Centers, and are working on offtake gas supply agreements and site selection.
January 21, 2025
Enverus: M&A Set to Cool with Smaller Deals, Higher Breakevens
With fewer acquisition targets, Enverus Intelligence Research said the quality of acquired inventory is declining, with breakevens averaging $50/bbl in 2024 versus $45/bbl in 2022 and 2023.
January 21, 2025
AI-Shale Synergy: Experts Detail Transformational Ops Improvements
An abundance of data enables automation that saves time, cuts waste, speeds decision-making and sweetens the bottom line. Of course, there are challenges.
January 17, 2025
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
January 16, 2025
Pearl Again Backs Williston E&P Eagle Mountain Energy Partners
Private equity firm Pearl Energy Partners will back Eagle Mountain Energy Partners II, which last year exited its Williston Basin assets in a nearly $300 million deal with TXO Partners.
January 16, 2025
TXO Announces 3 Tcfe NatGas Potential in San Juan Basin
TXO Partners plans to exploit a 3,520-acre play as Phase 1 development in the Mancos Shale.
January 16, 2025