Coterra Energy CEO Tom Jorden Says Increase in Shale Spending Unlikely
Tom Jorden, CEO and president of Coterra Energy, is bullish on oil and natural gas prices, but said his company would concentrate on shareholder returns, including an ordinary and variable dividend.
BCCK Holding to Enhance Recoveries at Cryogenic Gas Facility in Marcellus-Utica Basin
The project will utilize a skidded BCCK patent-pending design, which will be available to enhance propane recoveries at many of the existing 200 MMscf/d GSP facilities operating throughout the U.S.
Chart: Eastern Rig Count as of January 7, 2022
Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia
Dallas-based Rising Phoenix Scores Marcellus Shale Acquisition
Rising Phoenix’s Marcellus Shale mineral acquisition spans 98 net royalty acres in Pennsylvania’s Washington County. Range Resources Corp. is the wellsite operator.
Analysts: High Appalachian Gas Production Will Stay That Way
Rystad charts a rise in demand for LNG and cites capital efficiencies by Appalachian producers that are resulting in record output.
Energy A&D Transactions from the Week of Jan. 5, 2022
Here’s a snapshot of recent energy deals including back-to-back deals by Lime Rock Resources in the Williston Basin and Eagle Ford Shale totaling $358.5 million plus a slew of transactions completed by the end of the year.
Spain’s Repsol to Buy Rockdale Marcellus Assets in $222 Million Bankruptcy Sale
Rockdale Marcellus, which filed for bankruptcy in September, was formed with the acquisition of Shell’s operated Marcellus properties in Tioga, Lycoming and Bradford counties in Pennsylvania.
UGI to Acquire Stonehenge Appalachia Gas Gathering System for $190 Million
The Stonehenge natural gas gathering system in Pennsylvania’s Butler County is located in “some of the most prolific production areas in the Appalachian Basin,” says UGI Executive Vice President Robert F. Beard.
Hart Energy Unconventional Activity Tracker (Week of Jan. 4, 2022)
The U.S. rig count is down 0.7% in the last month, but up 75% year-over-year, according to Enverus Rig Analytics.
Energy A&D Transactions from the Week of Dec. 29, 2021
Here’s a snapshot of recent energy deals including Earthstone Energy’s entry into the Delaware Basin plus the closing of Pioneer Natural Resources’ $3.25 billion exit from the Permian sub-basin.