- Joe Barone, Shale Directories
- Blog
- June 14, 2019
Callon closes southern Midland Basin sale
Independent producer Callon Petroleum said Thursday it closed on the previously announced divestiture of non-core assets in the southern Midland Basin to Sequitur Permian LLC for net cash proceeds of $245 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 14, 2019
Prime Rock, New Dawn partner in the Austin Chalk
Prime Rock Resources and New Dawn Energy are partnering to develop assets contributed by each company in central Louisiana, targeting the Austin Chalk play, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Jumar Energy inks development pact with Mongoose
Oil and gas investment company Jumar Energy Capital said this week it’s entered into a joint development agreement with two-year-old independent producer Mongoose Energy, which is backed by EnCap Investments.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
Crude little changed as Opec+ cuts counter growth concerns
Crude oil prices were little changed Tuesday, continuing to be negatively impacted by concerns about a global economic slowdown that could lower crude demand, but supported by expectations Opec+ will extend its supply curbs, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
Shell to sell California refinery for $1B
Oil supermajor Royal Dutch Shell has agreed to sell its Martinez, California, refinery, 30 miles northeast of San Francisco, to independent refiner PBF Energy for up to $1 billion, the two companies announced Tuesday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
ExxonMobil to proceed with oil development in Argentina
ExxonMobil said Tuesday it will develop an onshore oil project in Argentina that could produce up to 55,000 barrels of oil-equivalent per day (Boe/d) within five years, Kallanish Energy reports.US line pipe prices sink again
U.S. line pipe prices sunk in May, Kallanish Energy’s sister publication, Kallanish, learns from analyst Pipe Logix. Average U.S. line pipe prices fell by 1.5% from April to May, reaching a combined $1,757/short ton at the distribution level.- Joe Barone, Shale Directories
- Blog
- June 11, 2019
US, Brent crudes fall amid supply-cut uncertainty, US-China tariffs
Crude oil prices settled lower Monday after a choppy trading session, as Saudi Arabia and Russia have not yet agreed to extend the Opec+ output-cutting deal, and U.S.-China trade tensions continued to threaten crude demand, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Oil rallies with stocks after report US may delay Mexican tariffs
Crude oil futures turned sharply higher heading into Thursday’s settlement, tracking a rally in equities on a report the Trump administration may delay Mexican import tariffs, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Horizontally drilled wells dominate U.S. O&G production
Wells drilled horizontally into tight oil and shale gas plays continue to account for an increasing share of crude oil and natural gas production in the U.S., the Energy Information Administration said Thursday.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Gazprom Neft signs with Novatek, Shell
Russia’s third largest oil producer, Gazprom Neft, Thursday revealed three joint ventures to develop hydrocarbon projects in Russia, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
Maine Senate passes offshore drilling ban
The Maine Senate overwhelmingly passed an offshore drilling ban this week by a 31-4 vote, with Bill LD 955 sitting on Gov.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
US crude stockpiles surge 6.8 Mmbbl
U.S. commercial crude oil inventories surged 6.77 million barrels (Mmbbl) in the week ended May 31, the Energy Information Administration reported Wednesday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
Crude oil plummets after US crude stockpiles surge
Crude oil prices plummeted Wednesday, with futures falling to their lowest since January, after the Energy Information Administration reported an unexpected surge in the nation’s crude inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
WTI, Brent crudes rise on Fed comments
Crude oil prices rose Tuesday, following a rally in global stock markets, with Brent crude recovering from a four-month low briefly touched earlier in the session, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
Brent slips to 4-month low, as trade fears persist
Crude oil futures ended Monday’s trading session lower after unsettled trading, as Saudi comments indicated Opec+ would extend supply cuts supported prices, but concerns U.S.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
Petrobras to sell onshore fields
Brazilian multinational corporation Petrobras Monday launched the sale of two sets of onshore concessions, Kallanish Energy learns. The concessions are located in the northeastern state of Bahia, where Petrobras is operator and fully owns all but two concessions.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Icahn challenges Oxy’s ‘hugely overpriced’ Anadarko deal
Billionaire activist investor Carl Icahn last week filed a lawsuit against Occidental Petroleum, looking for board seats and eventually a sale of the company, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Canadian oil production halts as fires spread
Canadian Natural Resources last week evacuated its Pelican Lake and Woodenhouse operations in northern Alberta, the first major shut-in of oil production triggered by wildfires in 2019, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 31, 2019
Crude plunges nearly 4%
Crude oil prices plunged Thursday on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Crude drops as trade war worries outweigh supply disruptions
Crude oil prices fell in roller coaster-like trading Wednesday, impacted by equity markets, as China signaled it’s prepared to raise the stakes in the trade war with the U.S., raising concerns such a situation could hurt demand.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Tortoise acquires Piper’s midstream advisory business
Investment firm Tortoise Capital Advisors said Wednesday it’s acquiring the midstream asset management business of Advisory Research Inc. from parent company Piper Jaffray Cos.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Pdc wins proxy fight with Kimmeridge Energy
Colorado-based Pdc Energy won its proxy battle with Kimmeridge Energy Management, according to a preliminary vote count released Wednesday after Pdc’s 2019 annual stockholder meeting.- Joe Barone, Shale Directories
- Blog
- May 29, 2019
US crude prices settle up due Midwest flooding
U.S. crude oil futures gained nearly 1% Tuesday after flooding throughout the Midwest constricted crude flow from the storage hub in Cushing, Oklahoma, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
Oil rises on Mideast tensions, supply cuts
Crude oil prices rose Monday, supported by Middle East tensions and Opec+ supply cuts, as well as continued crude disruptions from Russia after a pipeline contamination problem discovered last month, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
Permian crude production may finally have met its match
HOUSTON – It may be hard to believe, but there could be a big transportation change coming to the Permian Basin of West Texas/southeast New Mexico.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
‘Brave new world’ for U.S. crude, gas, NGL industry: RBN
HOUSTON – It’s quite clear U.S. crude oil, natural gas and natural gas liquids production only goes up, and since the U.S.- Joe Barone, Shale Directories
- Blog
- May 24, 2019
Icahn-backed refiner considers potential sale
Independent refiner/nitrogen fertilizer provider CVR Energy, which has been controlled for roughly seven years by billionaire activist investor Carl Icahn, said this week the company is considering selling itself and other “strategic alternatives,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 24, 2019
Alberta introduces bill to repeal carbon tax
Canada’s Alberta Province Wednesday introduced a bill to repeal the provincial carbon tax, setting up a legal battle between recently-seated Premier Jason Kenney’s United Conservative Party, and Justin Trudeau’s Liberal government in Ottawa.- Joe Barone, Shale Directories
- Blog
- May 23, 2019
U.S. crude inventories jump surprising 4.7 Mmbbl
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 4.7 million barrels during the week ended May 17, vs.- Joe Barone, Shale Directories
- Blog
- May 22, 2019
Pakistan ends failed drilling in the Arabian Sea
Pakistan and its partners have ended offshore drilling after no usable oil or natural gas was found in the Arabian Sea, Kallanish Energy reports The announcement came Sunday from the Pakistan ministry of petroleum and was seen as a major setback for the country, the Associated Press reported.- Joe Barone, Shale Directories
- Blog
- May 22, 2019
Petrobras approves addendum for $9 billion compensation
The board of directors of Brazilian state-owned Petrobras approved Tuesday an addendum to a transfer-of-rights oil contract which establishes a $9 billion reimbursement, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
Venezuela’s crude production lowest in 16 years
In April 2019, Venezuela’s crude oil production averaged 830,000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, according to the Energy Information Administration.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
Roan hires Citi, Jefferies to assist in review
Independent producer Roan Resources said Monday it’s hired Citigroup Global Markets and Jefferies to assist the company in evaluating “strategic alternatives,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
KKR, Western partner to pursue deals in the Williston
Global investment behemoth KKR and privately-held Western Natural Resources Monday announced they are partnering to acquire producing and undeveloped oil and gas assets in the Williston Basin.- Joe Barone, Shale Directories
- Blog
- May 20, 2019
Crude prices slip Friday, post weekly gains
Crude oil prices slipped Friday, but West Texas Intermediate and Brent both posted a weekly gain on rising concerns over more Middle East supply disruptions due to U.S.-Iran political tension, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 17, 2019
South Dakota sues Texas O&G company for $15.5M
The state of South Dakota is suing a privately-held Texas-based exploration and production company for $15.5 million for abandoning 40 natural gas wells in Harding County, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 17, 2019
US, Brent crudes rise on Middle East tensions
Crude oil prices jumped as much as 2% Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its oil infrastructure.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
Oil rises as market shrugs off jump in US crude inventories
Crude oil futures rose slightly Wednesday as worries that rising tensions in the Middle East could impact global supplies overshadowed an unexpected rise in U.S.- Joe Barone, Shale Directories
- Blog
- May 15, 2019
Crude prices mixed as hope lingers for U.S.-China deal
Crude oil prices were mixed Tuesday as tensions in the Gulf appeared to stop short of a military showdown and both sides in the U.S.-China trade talks sounded conciliatory tones, signaling a deal may be possible, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 15, 2019
E.ON calls for a CO2 tax in Germany
The CEO of German utility E.On is calling for a new carbon tax in Germany, saying Tuesday a “better and fairer energy transition” was possible, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 15, 2019
Duc total falls in latest EIA survey
The number of drilled, but uncompleted wells located in the Lower 48 U.S. states’ seven most productive, unconventional basins and plays fell by a half-percent between March and April, Kallanish Energy reports.Working-rig count falls for 5th straight week
The number of rigs working onshore in the Lower 48 U.S. states last week fell by two, and brought to five the number of consecutive weeks the count has slipped, data from Baker Hughes, a GE company, reveals.- Joe Barone, Shale Directories
- Blog
- May 9, 2019
Chevron walking away from Anadarko, with $1B in its pocket
In a much expected move, oil supermajor Chevron said this morning it will not counter the higher bid made for Anadarko Petroleum by Occidental Petroleum, contrent to walk away from the deal with a $1 billion breakup fee, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 9, 2019
U.S. crude inventories fall by 4 Mmbbl in latest survey
The draw on U.S. crude oil inventories for the week ended May 3, totaled 3.97 million barrels (Mmbbl), vs. a 9.94 Mmbbl stockpile increase one week earlier, according to Energy Information Administration data, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 8, 2019
Iraq planning $53B megaproject with Xom, PetroChina
Iraq is planning a $53 billion megaproject with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil production, Iraqi prime minister Adel Abdul-Mahdi announced Tuesday, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- May 8, 2019
Oil plummets 1+%, as U.S.-China trade war intensifies
Crude oil prices dropped Tuesday as renewed doubts of a U.S.-China trade pact stoked concerns over global growth, while U.S. sanctions on Iran and Venezuela tightened supply and helped to curtail losses, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 7, 2019
Anadarko tells Chevron it’s been replaced
Anadarko Petroleum’s board said Monday Occidental Petroleum’s buyout offer is “superior” to its purchase deal with Chevron, Kallanish Energy reports. The oil supermajor is now on the clock.- Joe Barone, Shale Directories
- Blog
- May 6, 2019
Occidental revises Anadarko bid, offers mostly cash
Occidental Petroleum, continues to tinker with its offer to buy Anadarko Petroleum, late Sunday putting a revised bid in front of the independent producer, offering mostly cash as it looks to wrest its prey from Chevron, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 6, 2019
Opec is ‘likely to collapse,’ Iran’s oil minister warns
Iran’s oil minister last week warned Opec is “likely to collapse” because some members of the 14-nation group are working against their fellow producers, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 6, 2019
Crude rises Friday, falls for the week
Crude oil prices inched up Friday, as strong U.S. economic data boosted demand feelings, and as production drops in sanctions-hit Iran and Venezuela tightened the market, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 3, 2019
Chevron completes $350M refinery deal
Oil supermajor Chevron’s Chevron U.S.A. unit said it’s completed the $350 million buy from Petrobras America of all outstanding shares and equity interests of Pasadena Refining System (Prsi) and Prsi Trading, Kallanish Energy reports.Baker Hughes delivers ‘solid’ 1st quarter
Oilfield services firm Baker Hughes, a GE company, delivered what chairman and CEO Lorenzo Simonelli called a “solid” first quarter, due to stabilizing global oil and natural gas markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 2, 2019
Crude oil slips, as U.S. inventories jump
Crude oil prices slipped Wednesday after U.S. crude inventories soared to their highest point in 19 months, as production set a record, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 2, 2019
Thousands of miles of O&G wells to be drilled over next 5 years
More than 1 million kilometers (621,371.192 miles) of new oil and gas wells will be drilled over the next five years, analytics/consulting firm Rystad Energy projects.- Joe Barone, Shale Directories
- Blog
- May 1, 2019
Correction
The story in the May 1 issue of Kallanish Energy entitled “BLM releases report on 5,000-well Wyoming project,” incorrectly stated Northwood Energy is a partner in the project.- Joe Barone, Shale Directories
- Blog
- May 1, 2019
Samson Resources II selling Wyoming assets
Independent producer Samson Resources II said this morning its board approved the sale of its 47,000 acres in Johnson County, Wyoming, in which it holds a 75% working interest in the leasehold, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 1, 2019
Rangeland Midstream Canada announces pipeline project
Rangeland Energy III’s Rangeland Midstream Canada unit Tuesday announced plans to design, construct and operate new crude oil and condensate pipelines in the Marten Hills region of north central Alberta, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 30, 2019