Hess’ Guyana Assets Set to Dethrone Bakken Around 2025
Hess Corp.’s new assets offshore Guyana are on track to dethrone its Bakken shale assets around 2025 to become the New York-based company’s top North American producing asset.
EIA: Permian Basin to Hit Record Oil, Gas Production in May
Crude and associated gas volumes coming from the Permian, the Lower 48’s premier shale play, are expected to hit new records in May, the U.S. Energy Information Administration reported.
Energy A&D Transactions from the Week of April 19, 2023
Here’s a snapshot of recent energy deals, including Matador Resources' $1.6 billion acquisition of Midland Basin E&P Advance Energy Partners and Kimbell Royalty Partners deal to bolt-on more Northern Midland Basin acreage.
Analysis: Wells in Top U.S. Oil Basins Getting Gassier
Associated gas from oil wells in major basins, including the Permian Basin and the Eagle Ford, is on the rise.
On the Market Oil and Gas Quicklist (Week of April 5, 2023)
Here’s a quicklist of oil and gas assets on the market including mineral and royalty interests the Bakken/ Three Forks, East Texas non-operated working interests and a Maverick Natural Resources' package in the Permian Basin.
Marketed: Overland Energy Partners Bakken Shale, Three Forks Opportunity
Overland Energy Partners IV LLC et al retained EnergyNet for a Bakken shale/Three Forks opportunity for 95 frac’d/DUC/drilling/permitted wells (all not yet in pay) plus 38 producing wells (Producing MI/RI) and 30 PUD locations in Dunn and Williams Counties, North Dakota.
Ovintiv to Acquire EnCap’s Midland Basin Assets for $4.2 Billion, Exit Bakken
Ovintiv will acquire three Midland Basin portfolio companies from EnCap Investments and exit the Bakken in a separate, $825 million transaction with EnCap.
DUG Haynesville: Equitable Origin's Jordan Sees Potential in Responsibly-sourced Oil
Equitable Origin's Corey Jordan said he sees responsibly-sourced certifications moving past just natural gas and into other commodities such as oil in an exclusive interview with Hart Energy's Deon Daugherty at DUG Haynesville in Shreveport.
Q&A: EnCap’s Thielemann: Private Equity ‘Survivors’ Poised to Thrive
EnCap private equity veteran Brad Thielemann discusses the role of private equity in traditional oil and gas investing — including the need to ramp up investments to meet demand — as well as its trajectory for financing the transitions ahead.
US Shale Basins Boast $54/bbl Average Breakeven Price
The average full-cycle breakeven for U.S. shale basins is approximately $54/bbl, while the average for public E&Ps and private operators is $53/bbl and $58/bbl, respectively, Wells Fargo said, citing Rystad Energy data.