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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
Permian Operators Cut Methane Emissions by 26% in 2023, S&P Global Says
S&P Global credits improved equipment and technology for helping with methane emissions reductions in the Permian Basin.
December 23, 2024
NOG: Company Not in ‘Formal Negotiations’ to Buy Granite Ridge
Northern Oil and Gas, responding to media reports that it has made two offers for Granite Ridge Resources, said it’s not engage in formal negotiations to buy the company.
December 23, 2024
Vermilion Energy to Acquire Canada's Westbrick for $745MM
Canada’s Vermilion Energy Inc. will acquire Westrbrick Energy’s Alberta Deep Basin assets, including 700 locations, for CA$1.075 billion.
December 23, 2024
Reuters: Northern Oil and Gas in Bid to Acquire Smaller Rival Granite Ridge, Sources Say
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, according to people familiar with the matter.
December 20, 2024
LandBridge Closes Deal for 46,000 Surface Acres in Delaware Basin
LandBridge Co., which held a successful IPO in August, added about 53,000 acres and now holds about 273,000 acres.
December 20, 2024
Surge Closes on Divestment of Alberta Non-Core Gas Assets
Surge Energy said it has focused on developing its core Sparky and southeast Saskatchewan crude oil assets, leaving the Alberta non-core assets undercapitalized.
December 20, 2024
Marketed: ConocoPhillips 5 Well Package in Niobrara Shale
ConocoPhillips Co. has retained EnergyNet for the sale of working interest participation in five wells located in Weld County, Colorado.
December 19, 2024
Matador’s Stake in San Mateo JV Rises to $1.5B After Pipeline Deal
Matador Resources closed a deal adding subsidiary Pronto Midstream to its 51%-owned joint venture with Five Point Energy.
December 19, 2024
Diamondback Subsidiary to Invest $50MM in Verde Clean Fuels
Diamondback Energy subsidiary Cottonmouth Ventures LLC’s investment will consist of buying 12.5 million shares of Verde Class A common stock, making Cottonmouth the company’s second largest shareholder.
December 19, 2024
Power Co. Proposes NatGas Plants Near Texas Haynesville Shale
An American Electric Power (AEP) subsidiary plans to develop two natural gas-fired generation projects near the prolific Texas Haynesville shale play.
December 18, 2024