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Shale Plays
Ovintiv to Boost 2024 Free Cash Flow to Nearly $2B
Ovintiv management reported its on track to generate $1.9 billion in 2024 free cash flow but skirted a question about the company’s possible pursuit of Midland Basin E&P Double Eagle.
Surge of Longer Lateral Drilling to Enhance Reservoir Recovery
With energy demand growing, operators look to supply hydrocarbons by drilling longer wells.
Found in Mitchell County, Permian Basin: 2.5-mile Wolfcamp Stepouts
Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”
CEO Darren Woods: What’s Driving Permian M&A for Exxon, Other E&Ps
Since acquiring XTO for $36 billion in 2010, Exxon Mobil has gotten better at drilling unconventional shale plays. But it needed Pioneer’s high-quality acreage to keep running in the Permian Basin, CEO Darren Woods said at CERAWeek by S&P Global.
More Top Stories in Shale Plays
EOG Buys South Texas Gathering System, Divests in Delaware, Eagle Ford
EOG Resources added to its South Texas infrastructure in the first half of 2024 with the acquisition of midstream assets that increases the company’s market access at Agua Dulce hub.
August 2, 2024
Exxon Pairs Record Pioneer Output with Record Legacy Permian Volumes
After closing a $63 billion acquisition of Pioneer Natural Resources, Exxon is the largest producer in the Permian Basin—and the entire U.S.
August 2, 2024
ConocoPhillips’ Blowout: Permian, Eagle Ford, Bakken Output Rises
ConocoPhillips reported a notable uplift in Eagle Ford Shale production during the second quarter, while volumes in the Permian, Bakken and Canada’s Montney Shale also grew.
August 1, 2024
Appalachian Hydrogen Hub Secures Funding, Moves to Phase 1
Nearly one dozen projects, including ones by EQT Corp. and CNX Resources, are part of the Battelle-led hub in West Virginia, Ohio and Pennsylvania.
August 1, 2024
Occidental Closes $12 Billion Acquisition of CrownRock
Occidental has already started the process of reducing debt incurred through its acquisition of CrownRock LP with an $817 million sale in late July of Delaware Basin assets to Permian Resources.
August 1, 2024
Rising Phoenix Expands Oil, Gas Portfolio with D-J Basin Deal
The Denver-Julesburg Basin deal, which closed July 31, marks Rising Pheonix Royalties’ first non-operated drilling acquisition.
August 1, 2024
APA Ratchets Up Permian Activity to Stoke US Oil Growth
APA Corp. expects an 8% uptick in its U.S. oil production in fourth-quarter 2024 compared to second-quarter 2024 as the company continues to connect more wells in the Permian Basin.
August 1, 2024
Ovintiv to Boost 2024 Free Cash Flow to Nearly $2B
Ovintiv management reported its on track to generate $1.9 billion in 2024 free cash flow but skirted a question about the company’s possible pursuit of Midland Basin E&P Double Eagle.
August 1, 2024
Comstock, Aethon’s 17 Western Haynesville Wildcats Make 112 Bcf to Date
Comstock Resources and Aethon Energy each added one well to Texas state production data on the new western Haynesville play, dubbed ‘The Waynesville.’ The oldest has surfaced 2.1 Bcf per 1,000 lateral ft to date.
August 1, 2024
Oxy: Ecopetrol Declines to Buy Interests in Permian E&P CrownRock
Following discussions between Permian joint venture partners Occidental Petroleum and Ecopetrol, the Colombian oil company declined to acquire a 30% stake in CrownRock LP’s Midland Basin assets.
August 1, 2024