North Dakota Approves First Class VI Carbon Capture, Storage Project
This approval allows RTE to commercially capture (dehydrate and compress) and inject the 180,000-metric-ton-per-year CO2 stream into the Broom Creek Formation on RTE property for permanent geologic CO2 storage.
Energy A&D Transactions from the Week of Oct. 20, 2021
Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.
On the Market Oil and Gas Quicklist (Week of Oct. 20, 2021)
Here’s a quicklist of oil and gas assets on the market including Chisholm Oil & Gas STACK nonop opportunity plus Merit Energy Anadarko Basin nonop and mineral/royalty position.
Hart Energy Unconventional Activity Tracker (Week of Oct. 18, 2021)
The Permian Basin led the way in the increase, adding seven rigs in the last week to reach 241, while Appalachia and the Gulf Coast also gained rigs. The Williston Basin had the largest drop though.
Energy A&D Transactions from the Week of Oct. 13, 2021
Here’s a snapshot of recent energy deals including Comstock Resources’ Bakken exit in a $154 million sale plus the $419 million cash acquisition of Tapstone Energy and SilverBow’s largest acquisition to date.
On the Market Oil and Gas Quicklist (Week of Oct. 13, 2021)
Here’s a quicklist of oil and gas assets on the market including Chevron legacy Permian operated assets in Andrews County, Texas, plus a Rockall Energy Bakken/Gulf Coast acquisition opportunity and Ganador Operating southern Midland Basin properties.
Hart Energy Unconventional Activity Tracker (Week of Oct. 11, 2021)
The U.S. rig count fell slightly in the last week with the largest week-over-week changes occurring in the Gulf Coast and Anadarko basins.
Marketed: Kirkpatrick Oil Midcon, Permian, D-J, Williston Nonop Properties
Kirkpatrick Oil Co. retained PetroDivest Advisors for the sale of its nonoperated oil and gas properties, leasehold and related assets in the Midcontinent, Permian, Denver-Julesburg and Williston basins.
Marketed: Dale/Peregrine Minerals Fund Multibasin Package
Dale/Peregrine Minerals Fund LP retained RedOaks Energy Advisors for the sale of its multibasin royalty properties comprising royalty acreage across premier oil and gas basins.
Unstoppable Devon: Executive Q&A with CEO Rick Muncrief
When Devon Energy Corp. and WPX Energy Inc. merged to combine strengths during the 2020 downturn, they proved one plus one equals three times the value. Looking ahead, could the new company be the next E&P juggernaut?