Acquisitions & Divestitures - Exploration & Production

Headlines: OPEC Considers Output; US Shale Producers Talk Tariffs

Allen Gilmer discusses DrillingInfo's bevy of recent deals.

10:17 am

Hess CEO: Focus On Returns Now Will Hurt Long-Term US Shale Investment

"Investor sentiment in the last year has really, markedly changed. I'd say it's gone from, 'drill, baby, drill,' to 'show me the money,'" says Hess CEO John Hess speaking at the OPEC International Seminar.

10:15 am

US Oil Producers Face Output Squeeze As Permian Pipelines Fill

Pioneer's Scott Sheffield said this week that overall Permian output could flatten in the 12-month period ending September 2019, when proposed pipelines are completed.

9:30 am

Venezuela Says US Sanctions Hurt Oil Market Stability

U.S. sanctions on Venezuela are an attack against the stability of the global oil market, Venezuelan Oil Minister Manuel Quevedo said on June 21.

9:13 am

Marketed: Permian Basin Position, Eddy And Lea Counties, New Mexico

Jalapeño Corp. retained EnergyNet as its exclusive adviser to market their interest within the Permian Basin located in Eddy and Lea counties, N.M.

8:55 am

DUG East: Update – Record-Breaking Utica Wells

Eclipse Resources has broken several laterals records in the Utica Shale and CEO Ben Hulburt told DUG East attendees he expects the company to break even more records.

June 20, 2018

Shell Sells $1.3 Billion Of Assets In Norway, Malaysia

Shell committed to the ambitious three-year sale plan following the decision to acquire BG Group in 2015 and the latest announcements bring its total asset sales to around $27 billion.

June 20, 2018

US Shale Executive Pushes OPEC To Gradually Boost Output

U.S. shale producers and OPEC have started talking after years of acrimony, conscious that a balanced market is in their mutual interest.

June 20, 2018

Exxon Mobil Makes Eighth Discovery Offshore Guyana

Exxon Mobil encountered about 78 m (256 ft) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 5,504 m (18,057 ft) depth in 1,940 m (6,365 ft) of water. The Stena Carron drillship commenced drilling on May 25.

June 20, 2018

Eclipse Resources: Storming Utica's Castle

Eclipse Resources looks for new Utica returns in Pennsylvania's Tioga County within an area CEO Ben Hulburt calls Flat Castle.

June 20, 2018

Carl Icahn Gains Control Of SandRidge Board In Proxy Fight

SandRidge's poison pill and executive compensation plan were rejected by shareholders, another victory for activist investor Carl Icahn, who had urged a 'no' vote for both.

June 19, 2018

US Approves Work On EQT Mountain Valley Natural Gas Pipe

U.S. federal energy regulators approved EQT Midstream Partners LP's request to proceed with construction along various segments of its $3.5 billion Mountain Valley natural gas pipeline from West Virginia to Virginia.

June 19, 2018

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