Appalachia
Lease Sales
Marketed: Gulfport Appalachia Utica Oil Opportunity
Gulfport Appalachia LLC has retained EnergyNet for the sale of three EOG operated Utica wells in Noble County, Ohio.
Lease Sales
Marketed: Stone Hill Minerals Holdings Mineral & Royalty Package in Pennsylvania
Stone Hill Minerals Holdings LLC has retained EnergyNet for the sale of a mineral and royalty 99 well package in Susquehanna and Greene counties, Pennsylvania.
Emerging Plays , Heavy Oil , Earnings
EOG: Utica Oil Can ‘Compete with the Best Plays in America’
Oil per lateral foot in the Utica is as good as top Permian wells, EOG Resources told analysts May 3 as the company is taking the play to three-mile laterals and longer.
IPO , Shale Plays , Exploration & Production
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
Acquisitions & Divestitures , Gathering & Processing , Compression
Antero Midstream Buys Summit Midstream Assets in $70M Deal
The deal by Antero Midstream strengthens Antero Resources’ gathering and compression in Marcellus Shale.
Natural Gas , Earnings , Mergers , Exploration & Production
Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal
Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.
Shale Plays , Crude Oil , Natural Gas , Natural Gas liquids (NGL) , Earnings
Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests
Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.
Unconventional , Wind , Shale Plays , Acquisitions & Divestitures
Equinor Says EQT Asset Swap Upgrades International Portfolio
Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.
Acquisitions & Divestitures , Mergers , Investment
M&A Spotlight Shifts from Permian to Bakken, Marcellus
Potential deals-in-waiting include the Bakken’s Grayson Mill Energy, EQT's remaining non-operated Marcellus portfolio and some Shell and BP assets in the Haynesville, Rystad said.
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.