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.
A&D Minute: High-dollar Deals in South Texas [WATCH]
In this week's A&D Minute, Callon Petroleum unveils plans to exit the Eagle Ford Shale, Crescent Energy looks to expand its Eagle Ford inventory and Diamondback Energy completes divestitures of assets both upstream and midstream.
Energy A&D Transactions from the Week of May 10, 2023
Here’s a snapshot of recent energy deals, including Callon Petroleum Co. bolt-on of Percussion Petroleum in the Delaware Basin and Eagle Ford exit and Permian Resources recent acquisitions, including a bolt-on.
Poten Execs Talk Driftwood’s Customer Problem, Permian Gas for Asia
The proposed 27.6 mtpa Driftwood LNG LLC project has one fundamental problem: a lack of customers, according to Poten & Partners senior adviser Gordon Shearer, who also highlighted the potential for Permian gas to reach Asia via Mexico.
Analysts: Callon’s $1.1 Billion A&D Aids Debt Reduction, Investor Returns
Callon’s exit from the Eagle Ford Shale will refocus the E&P as a Permian pure-play and should help reduce debt and return capital to investors, analysts say.
EOG May DUC Eagle Ford’s Dorado Gas Wells After June
The Dorado wells in the Eagle Ford are so prolific, EOG Resources said, the additional gas supply isn’t urgently needed to meet a long-term LNG sales contract.
Newest Giant North Houston Bossier Wildcat Won’t Sputter Out
Driller Comstock Resources Inc. says it plans to keep it strong-choked to remain at its first-24-hour rate of 36 MMcf/d.
Callon Adds Delaware Assets, Exits Eagle Ford in Deals Worth $1.1 Billion
Callon will acquire Percussion Petroleum’s Delaware assets for $475 million and offload its Eagle Ford assets to Ridgemar for $655 million.
A&D Minute: Expansions, Investments and Acquisitions Aplenty [WATCH]
In this week's A&D Minute, Suncor expands in the Canadian oil sands with a $4 billion TotalEnergies deal, U.S. Energy invests $225 million in the Midland Basin and Elk Range closes on its third Eagle Ford acquisition.
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.