- Tight Gas & Oil
- Gas Hydrates
Shale oilfield services (OFS) could see an estimated $10 billion bump in spending, a report shows. However, challenging times may continue offshore.
The possibility of a trade war worries ICF analysts, but the new administration’s policies are expected to help the energy industry.
The acreage price for the bolt-on compares favorably to the 141,000 net Utica dry gas acres already held by Gulfport, Capital One says. (Updated 4:05 p.m. CT Dec. 7)
The company paid about $30,000 per acre, in line with recent transactions in the Delaware Basin.
Despite denial of the permit by the Army Corps of Engineers, Energy Transfer and Sunoco insist the Bakken-area pipeline will be built.
The deal covers 78,000 net acres, with slightly more than half—40,000 net acres—considered core to Chesapeake. (Updated: 10:54 a.m. CT Dec. 6)
The company is overselling shares to pay for a $120 million deal, shore up capex and gain additional time to divest in the Eagle Ford.
Deutsche Rohstoff AG foots a $38.1 million Williston purchase that will generate $200 million in revenue.
Baker Hughes retains a minority stake in the new company, but analysts are skeptical the transaction was a fair bargain.
The OPEC deal could change the landscape of the oil market for the foreseeable future, but the specifics have yet to be determined.
The devil remains lurking in the details and non-OPEC countries such as Russia will shoulder a large portion of the burden. (Last updated 12:43 p.m. CT Nov. 30)
Despite emerging from bankruptcy in April 2016, Swift was among the top Texas natural gas producers in 2015.