Reuters: Northern Oil and Gas in Bid to Acquire Smaller Rival Granite Ridge, Sources Say
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, according to people familiar with the matter.
Marketed: ConocoPhillips 5 Well Package in Niobrara Shale
ConocoPhillips Co. has retained EnergyNet for the sale of working interest participation in five wells located in Weld County, Colorado.
Novel EOR Process Could Save Shale from a Dry Future
Shale Ingenuity’s SuperEOR, which has been field tested with positive results, looks to remedy the problem of production declines.
Wildcatting is Back: The New Lower 48 Oil Plays
Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.
CEO: Berry Gears Up for Horizontal Drilling in Uinta Stacked Pay
Berry Corp.’s legacy roots are in California’s Central Valley—but its growth engine is in Utah’s emerging Uinta Basin, CEO Fernando Araujo told Hart Energy.
J. Douglas Schick Succeeds PEDEVCO Majority Owner Simon Kukes as CEO
Simon G. Kukes, who took over PEDEVCO in 2018, said the company has since worked toward entering joint development agreements in the Permian and Denver-Julesburg basins.
Hirs: The High Cost of Overreaching Regulation, Secrecy
Energy regulators have withheld critical information that’s resulted in damage to markets and competition.
Uinta’s Scout Energy Likely Not for Sale as Takeaway to Gulf Rises
Despite the Uinta Basin’s recent flurry of M&A activity, Scout Energy Partners isn’t looking to sell anytime soon, said the company’s executive vice president, Juan Nevarez, at Hart Energy’s Executive Oil Conference.
Anschutz Explores Utah Mancos Shale Near Red-Hot Uinta Basin
Outside of the Uinta Basin’s core oil play, private E&P Anschutz Exploration is wildcatting in Utah’s deeper, liquids-rich Mancos shale bench, according to a Hart Energy analysis.
Devon CEO Muncrief to Retire, COO Gaspar to Take Top Job in March
Devon Energy President and CEO Rick Muncrief, who has led Devon during past four years, will retire March 1. The board named COO Clay Gaspar as his successor.