ELGi, IESS System Reinjects NatGas into Reservoirs Following Bakken Flaring Ban
Industrial Equipment Sales & Services and ELGi North America have developed a technology that upgrades compressed air systems to be able to capture and reinject excess gas in lieu of flaring.
CEO: Range Passes On M&A Fervor For Now: ‘We Didn’t Have To’
While the rest of the E&P sector bought, merged and consolidated, Range Resources sat on the sidelines in Appalachia because it already has plenty of drilling inventory, CEO Dennis Degner says.
Devon Ups Delaware Basin Ante With 21-Well Pad, Secondary Zones
Devon Energy is producing record volumes from the Delaware Basin—its biggest asset—where the company drilled a 21-well pad targeting six different intervals in recent months.
Analysts: A Growing Bakken Will Require a Stronger Pipeline Network
East Daley looks at potential courses as the basin continues to increase production.
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.
Exxon Mobil to Sell Vaca Muerta Assets in Argentina to Pluspetrol
Exxon Mobil is divesting some assets, including plans to divest some of its Bakken holdings, following its $60 billion acquisition of Pioneer Natural Resources.
Hess Goes Forth in Bakken with Chevron Deal Entangled in Dispute
Waiting to close a $55 billion sale to Chevron, Hess Corp. plans to continue running four rigs in the North Dakota Bakken shale play through the fourth quarter.
'A Renewed Look': Central Basin Platform's Old Rock Gains New Interest
As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.
Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’
Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.
Finding a Niche: Midstream Giants Target Private G&P Assets
Smaller, non-publicly owned midstream companies are moving quickly for a position in a consolidation-driven market.