Rockies
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.
Policy & Regulations , Acquisitions & Divestitures , Shale Plays
Utah’s Ute Tribe Demands FTC Allow XCL-Altamont Deal
More than 90% of the Utah Ute tribe’s income is from energy development on its 4.5-million-acre reservation and the tribe says XCL Resources’ bid to buy Altamont Energy shouldn’t be blocked.
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 , Gathering & Processing , Storage
ONEOK CEO: ‘Huge Competitive Advantage’ to Upping Permian NGL Capacity
ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.
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.
Shale Plays , Acquisitions & Divestitures
Uinta Basin's XCL Seeks FTC OK to Buy Altamont Energy
XCL Resources is seeking approval from the Federal Trade Commission to acquire fellow Utah producer Altamont Energy LLC.
Earnings , Crude Oil , Exploration & Production
Uinta Basin: 50% More Oil for Twice the Proppant
The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.
Lease Sales
Marketed: Amati Royalties Powder River Basin Opportunity
Amati Royalties has retained EnergyNet for the sale of a Powder River Basin opportunity with four wells and two pending wells in Campbell County, Wyoming.
Acquisitions & Divestitures
Sitio Royalties Dives Deeper in D-J with $150MM Acquisition
Sitio Royalties is deepening its roots in the D-J Basin with a $150 million acquisition—citing regulatory certainty over future development activity in Colorado.
Lease Sales
Marketed: Stone Hill Minerals Holdings 95 Well Package in Colorado
Stone Hill Minerals Holdings has retained EnergyNet for the sale of a D-J Basin 95 well package in Weld County, Colorado.