Williston
Earnings , Acquisitions & Divestitures , Crude Oil , Natural Gas
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
International , Shale Plays
Guyana’s Stabroek Boosts Production as Chevron Watches, Waits
Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.
Dividends/Buybacks , Midstream
Hess Midstream Increases Class A Distribution
Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Shale Plays , Natural Gas , Crude Oil
EIA: Permian, Bakken Associated Gas Growth Pressures NatGas Producers
Near-record associated gas volumes from U.S. oil basins continue to put pressure on dry gas producers, which are curtailing output and cutting rigs.
Acquisitions & Divestitures , Trends
Chord, Enerplus’ $4B Deal Clears Antitrust Hurdle Amid FTC Scrutiny
Chord Energy and Enerplus Corp.’s $4 billion deal is moving forward as deals by Chesapeake, Exxon Mobil and Chevron experience delays from the Federal Trade Commission’s requests for more information.
Lease Sales
Marketed: Williston, Powder River Basins 247 Well Package
A private seller has retained EnergyNet for the sale of a Williston and Powder River basins 247 well package in Sheridan, Montana, Burke and McKenzie counties, North Dakota and Campbell County, Wyoming.
Lease Sales
Marketed: Stone Hill Minerals Holdings Williston Basin 10 Well Package in North Dakota
Stone Hill Minerals Holdings has retained EnergyNet for the sale of a Williston Basin 10 well package opportunity in Williams County, North Dakota.
Acquisitions & Divestitures , Earnings , Crude Oil
Continental Resources Makes $1B in M&A Moves—But Where?
Continental Resources added acreage in Oklahoma’s Anadarko Basin, but precisely where else it bought and sold is a little more complicated.
Acquisitions & Divestitures , Shale Plays , Crude Oil
Williston Warriors: Enerplus’ Long Bakken Run Ends in $4B Chord Deal
Chord Energy and Enerplus are combining to create an $11 billion Williston Basin operator. The deal ends a long run in the Bakken for Enerplus, which bet on the emerging horizontal shale play in Montana nearly two decades ago.
Acquisitions & Divestitures
Report: Devon Energy Targeting Bakken E&P Enerplus for Acquisition
The acquisition of Enerplus by Devon would more than double the company’s third-quarter 2023 Williston Basin production.