Jefferies: With Permian Locked Up, E&Ps Hunt for New L48 Runway
With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.
Exclusive: Why Family Offices Favor ‘Lower-Risk’ Oil, Gas Investments
Evan Smith, Stephens’ senior vice president for investment banking, describes growth in the company’s network of family offices, specifically those investing in the energy sector, in this Hart Energy Exclusive interview.
Harold Hamm: ‘Drill, Baby, Drill’ Faces Geology Barriers, Even Under Trump
Harold Hamm, Continental Resources founder and major Trump donor, says the U.S. faces real barriers to expanding production growth—even with Republicans controlling D.C.—as major shale basins mature.
Ovintiv Swaps the Uinta for Montney in Multiple M&A Moves
Ovintiv is expanding greatly in the Canadian Montney Shale play through a US$2.38 billion deal with Paramount Resources and exiting the newly booming Uinta Basin in Utah with a $2 billion sale to FourPoint Resources.
CEO: Ovintiv Passes on Permian Prices for More Montney Condensate
Rumored to be a potential buyer in the Permian Basin, Ovintiv instead struck a deal for lower-cost oil and condensate assets in Alberta’s Montney Shale.
EOG Greenlights Second Rig to Ohio Utica Oil Wildcatting
EOG Resources has put 25 modern stimulated horizontals to date in the oily Utica fairway in eastern Ohio with one rig and IPs of up to 3,250 boe/d, 70% oil and 85% liquids.
Oxy Divests Some Powder River Basin Assets to Anschutz
Occidental Petroleum and Anschutz Exploration confirmed the transaction but didn't disclosed details as, separately, Powder River Basin operator Peak Resources plans an IPO this week.
Analysts: A Growing Bakken Will Require a Stronger Pipeline Network
East Daley looks at potential courses as the basin continues to increase production.
SM, Crescent Testing New Benches in Oily, Stacked Uinta Basin
The operators are landing laterals in zones in the estimated 17 stacked benches in addition to the traditional Uteland Butte.
Proppant Suppliers Covia, Black Mountain Merge to Become Iron Oak Energy Solutions
Iron Oak Energy Solutions will supply proppant to E&P operations in basins across North America.