SUPER DUG: Enerplus Banks on ‘Underappreciated’ Bakken, Refracs
Enerplus COO Wade Hutchings expects the company to generate free cash flow of $475 million in 2023 with plans to launch refracturing efforts in the Bakken while easing down Marcellus Shale production.
Energy A&D Transactions from the Week of May 3, 2023
Here’s a snapshot of recent energy deals, including Cresent Energy Co.'s $600 million Eagle Ford deal and more Enbridge natural gas storage transactions.
Antero Deepens Marcellus Inventory, Acreage in A&D Moves
Antero Resources about 12,000 net acres and more than 50 equivalent incremental drilling locations in the Marcellus at an average cost of $1 million per location.
Not Your Shale Boomer’s M&A Strategy
Rumors of Pioneer Natural Resources and Range Resources exploring a merger is reflective of the state of energy M&A.
IOG Resources Boosts Appalachia Footprint with Acquisition
The Dallas-based investment firm is picking up non-operated oil and gas assets in Ohio and Pennsylvania.
DUG Haynesville: Equitable Origin's Jordan Sees Potential in Responsibly-sourced Oil
Equitable Origin's Corey Jordan said he sees responsibly-sourced certifications moving past just natural gas and into other commodities such as oil in an exclusive interview with Hart Energy's Deon Daugherty at DUG Haynesville in Shreveport.
DUG Haynesville: E&Ps Keeping Production Flat, Hedging Amid Gas Price Slump
Executives from E&Ps such as GeoSouthern Energy and New ASEAN Energy said they are adjusting drilling and hedging strategies in the Haynesville Shale after a rapid collapse in U.S. natural gas prices.
Oil, Gas Price Volatility Slows Upstream M&A Market
A flurry of oil deals kicked off a strong start to 2023, but upstream dealmaking has slowed to a crawl in recent weeks due to low commodity prices and a banking liquidity crisis.
Marcellus, Permian Add Rigs Despite Commodity Price Volatility
Gas-directed rig activity in key U.S. plays, including the Marcellus Shale and Permian Basin, increased in a big way last week, but analysts expect cuts to the rig count later this year.
Haynesville, Permian to Lead Natural Gas Production Growth in April
Despite recent price volatility, natural gas output from key regions including the Permian and Haynesville is expected to grow from March to April, according to the Energy Information Administration.