Powder River Basin

Permian, Eagle Ford and Powder River Requests to Develop Natural Gas, Oil Declining 

Permian, Eagle Ford and Powder River Requests to Develop Natural Gas, Oil Declining 

Permits to develop natural gas and oil in the Lower 48 slumped in August, with the biggest operating area, the Permian Basin, off by double-digits from July and 12% year-to-date.  “Permian permitting continues to slow,” down by 407 or 37% month/month (m/m), with year-to-date permits declining by 820, according to Evercore ISI analysts led by…

September 20, 2023
Wyoming Nets $13.2M for Oil, Natural Gas Leases in Powder River, Green River

Wyoming Nets $13.2M for Oil, Natural Gas Leases in Powder River, Green River

The latest Wyoming oil and natural gas lease sale garnered $13.2 million for more than 35,700 acres in the Powder River and Green River basins, and at least two more quarterly lease sales are planned.  The Bureau of Land Management (BLM) offered 81 parcels in the quarterly sale, with 53 sold. The highest bid per…

September 11, 2023
Western Midstream Betting $885M on Powder River Basin Natural Gas with Meritage Midstream Tie-up

Western Midstream Betting $885M on Powder River Basin Natural Gas with Meritage Midstream Tie-up

Western Midstream Partners LP (WES) has signed a deal to acquire privately held Meritage Midstream Services II LLC in an all-cash, $885 million transaction.  Denver-based Meritage owns and operates an extensive natural gas gathering and processing (G&P) business in the Powder River Basin (PRB) of Wyoming. The assets, located in Converse, Campbell and Johnson counties,…

September 6, 2023
Federal, Wyoming Officials Proposing to Revamp Sage Grouse Protection Areas

Federal, Wyoming Officials Proposing to Revamp Sage Grouse Protection Areas

The Bureau of Land Management (BLM) and Wyoming officials have proposed updating the state’s sage grouse core area protection map as the bird’s population has steadily improved. The protection areas were initially developed in 2008 and revised in 2015 and 2019. The updated map includes additional protection areas that cover a total of 15 million…

July 5, 2023
Business Booming for Natural Gas G&P in Oily Onshore Basins, Says Crestwood CEO

Business Booming for Natural Gas G&P in Oily Onshore Basins, Says Crestwood CEO

It’s a good time to be in the natural gas gathering and processing (G&P) business, particularly in oil-weighted basins such as the Permian, Powder River and Williston, according to Crestwood Equity Partners LP CEO Robert Phillips. Phillips hosted a conference call on Tuesday to discuss first quarter results. Through a series of mergers and acquisitions…

May 3, 2023
Lower 48 Oil and Natural Gas Permitting Rises, but Not Everywhere

Lower 48 Oil and Natural Gas Permitting Rises, but Not Everywhere

Nearly 3,000 permits were issued in February to explore for U.S. oil and gas, a slight increase from January but down nearly 9% from a year ago, according to state and federal data. Evercore ISI, which tracks oil and gas permitting data, said 2,929 permits gained approval in February, up by 211 or 8% from…

March 21, 2023
EOG Resources Strikes Upbeat Tune on Natural Gas, Oil Volumes

EOG Resources Strikes Upbeat Tune on Natural Gas, Oil Volumes

EOG Resources Inc., a multi-basin exploration and production firm, said its strong fourth quarter and full-year 2022 results were powered by robust natural gas and oil demand, price spikes and steady production activity. For the year, EOG said, the natural gas prices it fetched jumped 49% from a year earlier, while crude prices increased 42%.…

February 27, 2023
Lower 48 Oil, Natural Gas Permitting Slumps, but Up from Year Ago

Lower 48 Oil, Natural Gas Permitting Slumps, but Up from Year Ago

August natural gas and oil permitting across the Lower 48 reversed course from July, particularly in the Permian Basin, but activity still was higher than a year ago, according to data compiled by Evercore ISI. New well permitting declined in August by 3,106 month/month (m/m). Still, the tally last month was 27% higher than in…

September 19, 2022
After Dealmaking, Crestwood Looking to ‘Big Year’ in Permian, Williston

After Dealmaking, Crestwood Looking to ‘Big Year’ in Permian, Williston

After a series of acquisitions, Crestwood Equity Partners LP is now in “harvest mode,” with a focus on generating strong growth in the core areas of the Williston, Permian Delaware and Powder River basins, management said. Crestwood earlier this month closed on the acquisition of Permian-focused Sendero Midstream Partners LP, boosting its natural gas processing…

July 29, 2022
Devon Eyeing LNG Opportunities, Maintaining Focus in Permian

Devon Eyeing LNG Opportunities, Maintaining Focus in Permian

Oklahoma City-based Devon Energy Corp. reported steady growth in the first quarter, especially from its Permian Basin assets. However, the company is holding firm to its “value over volume” approach, choosing to maintain its production and capital investment levels. Despite heightened global oil and gas prices because of the Russian invasion of Ukraine and calls…

May 3, 2022
‹ Previous 1 2 3