Permian Basin Oil Output Forecast to Hit Record High in March
Gas output in both the Permian Basin and the Haynesville Shale in Texas, Louisiana and Arkansas will also rise to record highs of 20.4 Bcf/d and 14.5 Bcf/d in March, respectively.
Energy A&D Transactions from the Week of Feb. 9, 2022
Here’s a snapshot of recent energy deals including Whiting Petroleum’s $237 million expansion in the Williston Basin’s Sanish Field.
On the Market Oil and Gas Quicklist (Week of Feb. 9, 2022)
Here’s a quicklist of oil and gas assets on the market including an EOG Resources western Anadarko Basin opportunity and a Callon Petroleum Eagle Ford Shale package.
As Oil Nears $100 a Barrel, US Drillers Get Busy in Costly Shale Basins
Some executives say current high prices and relatively low service costs make production economics the best in years.
Whiting Expands Position in Williston Basin’s Sanish Field for $237 Million
Whiting Petroleum said it entered into separate agreements with two private companies to acquire the nonoperated assets in the Williston Basin’s Sanish Field in Mountrail County, North Dakota.
Continental Resources Executive Q&A: Continental Shift
CEO Bill Berry said he was gratified Continental’s 2021 deals caught most observers off guard since he sees a close-to-the-vest approach as a key to successful M&A.
Vitol Backs New Shale Firm with Formation of VTX Energy Partners
VTX Energy Partners will complement Vencer Energy, Vitol’s existing upstream partnership in the Midland Basin, says Ben Marshall, head of Vitol Americas.
US Carbon Pipeline Proposals Trigger Backlash over Potential Land Seizures
The companies behind the projects seek to negotiate voluntary easements with landowners that would give them the legal right install the lines for carbon transport.
Marketed: Arkoma Drilling Williston Basin Nonop Working Interest
Arkoma Drilling II LP retained EnergyNet Indigo for the sale of a 113 well package of nonoperated working interest located in the core areas of the Williston Basin in North Dakota’s Dunn, McKenzie, Mountrail and Williams counties.
Energy A&D Transactions from the Week of Feb. 2, 2022
Here’s a snapshot of recent energy deals including Maverick’s $440 million acquisition of ConocoPhillips Permian Basin assets plus further M&A activity in the Permian and D-J basins.