Chris
Mathews
Hart Energy
Shale Plays
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.
Silver Hill Energy Enters Bakken with Liberty Resources Acquisition
Silver Hill Energy Partners LP is getting into the Bakken in North Dakota through the acquisition of Liberty Resources II.
Analysts: Top-Tier Drilling Inventory Shrinking as Well Costs Rise
The cost of supply for North American shale producers is expected to continue rising, according to a recent analysis by Enverus Intelligence Research.
The Future of Shale: ‘The Brainiac Stuff is Coming’
Lab tests show that 90% of oil is still left in rock that’s drilled.
More Top Stories in Shale Plays
Service Contracts, Service & Supply, Field Development
ProPetro to Provide eFrac Services to Exxon’s Permian Operations
ProPetro has entered a three-year agreement to provide electric hydraulic fracturing services for Exxon Mobil’s operations in the Permian Basin.
April 29, 2024
Acquisitions & Divestitures
Phoenix Capital Group Acquires Uinta Basin Royalty Interests
Phoenix Capital Group’s acquisition of 1,500 net royalty acres in Duchesne County, Utah, brings the company's investment in the Uinta Basin to more than $60 million, the company said.
April 29, 2024
Exploration & Production, Shale Plays, Crude Oil, Natural Gas
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
April 29, 2024
Rig Counts, Natural Gas
Repsol to Drop Marcellus Rig in June
Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
April 28, 2024
Finance, Investment, Rig Counts, Service & Supply, Acquisitions & Divestitures, Trends
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
April 26, 2024
Earnings, Acquisitions & Divestitures, Crude Oil, Natural Gas
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
April 26, 2024
International, Shale Plays
Guyana’s Stabroek Boosts Production as Chevron Watches, Waits
Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.
April 25, 2024
Natural Gas, Liquefied Natural Gas (LNG), Health, Safety & Environment, Emissions, Shale Plays, Pipelines
Segrist: The LNG Pause and a Big, Dumb Question
In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.
April 25, 2024
Earnings, Natural Gas liquids (NGL), Natural Gas
Range Resources Holds Production Steady in 1Q 2024
NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
April 24, 2024
Acquisitions & Divestitures, Earnings
EQT Sees Clear Path to $5B in Potential Divestments
EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.
April 24, 2024