Exclusives

OPEC Production Cut Could Signal Win For OFS Shale Spending

Shale oilfield services (OFS) could see an estimated $10 billion bump in spending, a report shows. However, challenging times may continue offshore.

2:32 pm

Analysts: Oil And Gas Primed For Success In Trump Years

The possibility of a trade war worries ICF analysts, but the new administration’s policies are expected to help the energy industry.

December 7, 2016
Gulfport Energy, Utica, shale, dry gas, acquisition, bolt on, Ohio, Monroe County, Capital One Securities, analyst, acreage price, fracking, Hart Energy, Oil and Gas Investor, Emily Patsy

Gulfport Expands Utica Acreage At ‘Right’ Price

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)

December 7, 2016
Noble Energy, Delaware, acquisition, Reeves County

Noble Energy’s $350 Million Bolt-On Adds Delaware Length

The company paid about $30,000 per acre, in line with recent transactions in the Delaware Basin.

December 6, 2016
Protesters gather in front of the United States Courthouse in New York on Dec. 2, 2016.

Dakota Access Players Confident New President Will Trump Protests

Despite denial of the permit by the Army Corps of Engineers, Energy Transfer and Sunoco insist the Bakken-area pipeline will be built.

December 6, 2016
Chesapeake Energy, Haynesville, shale, divestiture, sale, 450 million, oil, natural gas

Chesapeake Sells First Of Two Haynesville Packages For $450 Million

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)

December 5, 2016
Permian, Delaware, SM Energy, acquisition, Oasis Petroleum, Bakken, Three/Forks

SM Energy Offering 11% Of Shares For Midland Bolt-On, Capital

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.

December 2, 2016
Williston Basin, Royale Energy, Matrix Oil, M&A, acquisition, merger, California

Deal Blotter: California Merger; German Firm Buys Williston Interests

Deutsche Rohstoff AG foots a $38.1 million Williston purchase that will generate $200 million in revenue. 

December 2, 2016
Baker Hughes, frack fleet, fracking, hydraulic fracturing, pressure pumping, shale, North America, acquisition, divestiture, private equity, CSL Capital Management, Goldman Sachs, West Street Energy Partners, BJ Services, Allied Energy Services, GE Oil Ga

Baker Hughes’ Frack Fleet Deal Pays Pennies On The Dollar

Baker Hughes retains a minority stake in the new company, but analysts are skeptical the transaction was a fair bargain.

December 2, 2016

OPEC Just Made A Deal: Now What?

The OPEC deal could change the landscape of the oil market for the foreseeable future, but the specifics have yet to be determined.

December 1, 2016
OPEC, production, U.S. shale, Vienna, Russia

OPEC, Allies Aim To Cut 1% Of Global Production

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)

November 30, 2016

Hilcorp Buys Swift Energy’s Oily Louisiana Assets

Despite emerging from bankruptcy in April 2016, Swift was among the top Texas natural gas producers in 2015.

November 29, 2016

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