US E&Ps Could Drop Up to 100 Rigs at New Low Oil Price
Private operators are likely to let rigs go first, beginning in the Midcontinent and Powder River Basin, then the Eagle Ford, Bakken and Permian, according to J.P. Morgan Securities.
Kinder Morgan Sees Strong Gas Market, Despite Political Noise
Kinder Morgan is undeterred by “perceived ups and downs” in the natural gas market, said Executive Chairman Rich Kinder during the company’s first earnings call of 2025.
Intensity Calls Open Season for Extension of Bakken NatGas Line
Intensity Infrastructure Partners said the proposed 344-mile line would move natural gas to the eastern side of North Dakota.
Analysts: Will E&Ps Redraw Plans as WTI Dips Below $60/bbl?
As WTI hovers near $60/bbl, U.S. E&Ps could be pushed to drop rigs and cut drilling in exploratory resource plays, analysts say.
Energy Transfer Prevails Against Greenpeace, Wins $660MM in Damages
A jury in North Dakota has ruled in favor of Energy Transfer with a $660 million blow to environmental group Greenpeace.
Exxon’s Dan Ammann: Bullish on LNG as Permian Drilling Enters ‘New Phase’
Dan Ammann, Exxon Mobil’s new upstream president, is bullish on the long-term role of LNG in meeting global energy demand. He also sees advantages of scale in the Permian Basin.
Vitesse Energy Closes $220MM Acquisition of Bakken Pureplay Lucero
Vitesse Energy Inc. agreed to purchase Bakken E&P Lucero Energy Corp. in December in an all-stock transaction valued at $222 million.
Chord Drills First 4-Mile Bakken Well, Eyes Non-Op Marcellus Sale
Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania.
Targa Buys Back Bakken Assets After Strong 2024
Targa Resources Corp. is repurchasing its interest in Targa Badlands LLC for $1.8 billion and announced three new projects to expand its NGL system during its fourth-quarter earnings call.
Kinder Morgan Completes Bakken G&P Acquisition from Outrigger Energy II
Kinder Morgan closed on a $640 million deal for a Bakken natural gas gathering and processing network in the Williston Basin.