ConocoPhillips’ Stratagem: Permian, Bakken, Eagle Ford Dominance
ConocoPhillips is not just the largest unconventional producer, but its Midland, Delaware, Eagle Ford and Bakken positions average $32 WTI breakevens, the company’s Lower 48 chief said at Hart Energy’s SUPER DUG conference.
Gaspar: Energy ‘Not Going Out of Style’
Devon is thinking about energy ‘beyond oil and gas’ as it looks to supply future needs.
Carlson: As Haynesville Goes, So Goes the Gas Market
High storage inventory is likely to render the current trajectory of U.S. natural gas supply unsustainable, East Daley Analytics research has concluded.
Permian, Haynesville Driving U.S. Oil, Gas Production Growth
The prolific Permian Basin will lead gains in both crude oil and natural gas production next month, according to new figures from the U.S. Energy Information Administration.
NextEra to Sell Eagle Ford, Pennsylvania Pipelines, Shift to Renewables Only
NextEra Energy Partners will first launch a process to sell its Eagle Ford assets in 2023 and its Pennsylvania assets in 2025, John Ketchum, NextEra’s chairman, president and CEO said.
Marketed: VirTex, Faraday, Catalyst Drilling Eagle Ford Opportunity
VirTex Operating Company Inc., Faraday Midstream Co. and Catalyst Drilling Co. retained Bok Financial Securities for the sale of a vertically integrated operated upstream, midstream and well service assets in the Eagle Ford.
Marketed: Costa Energy Operated Opportunity in Texas Gulf Coast
Costa Energy retained PetroDivest Advisors to assist in the sale of its operated oil and gas leasehold along the Texas Gulf Coast.
Baytex Shareholders Approve $2.5 Billion Ranger Oil Acquisition
Baytex reported on May 15 that shareholders had approved the $2.5 billion deal to acquire Eagle Ford operator Ranger Oil Corp.
Tellurian to Cut Haynesville Production by 18%
Tellurian Inc. will halt drilling in the Haynesville owing to lower gas prices and has dialed back its production forecast by an average 18% compared to an earlier forecast just three months ago.
US Oil and Gas Rig Count Falls to Lowest Since June 2022: Baker Hughes
The oil and gas rig count fell to 731, the biggest decline since June 2020.