Companies - Exclusives
Production from the company’s unconventional assets in the Eagle Ford, Bakken and Delaware Basin jumped in the third quarter to 313,000 barrels of oil equivalent per day.
Long-time Bakken pure-player Oasis Petroleum expanded its portfolio into the competitive Delaware Basin. Is the deal an expansion of its program, or the prelude to an eventual portfolio makeover? Or both?
The BP tieback project adds a new subsea manifold and connects two wells to existing flowlines about 3 km north of the platform in the U.S. Gulf of Mexico.
Head of Shell’s U.S. business, Gretchen Watkins, says oil and gas output from shale reserves will act as ‘balance’ for deepwater projects.
Earthstone Energy agreed to acquire EnCap-backed Sabalo, which is expected to more than double the company’s Midland Basin footprint.
As a result of the $75 million sale of its Utah asset, Ultra’s portfolio now consists only of its Pinedale Field position in Southwest Wyoming.
Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.
Perceptions have changed for the better for the emerging oil and gas play as activity increases and others move into the neighborhood.
Diversified Gas & Oil, known as DGO, said it acquired Core Appalachia Holding, a conventional producer and processor of natural gas in the southern Appalachian Basin.
Antero Midstream is set to combine with its general partner and emerge as a C-corp entity under a new moniker.
Analysts estimate Earthstone tacked on a net increase of 2,677 acres to its position in the Midland Basin for less than $6,000 per acre.
The Denver-based independent Sundance typifies the new Eagle Ford narrative where technically astute private equity-backed younger management teams are revitalizing the play.