Comprehensive Energy Data Intelligence

Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...

$data['article']['post_image_alt']

A US-based oil company, Ameredev II, that EnCap Investments owns as part of its portfolio, is on the verge of being sold for over $4 billion including debt — at least according to some inside sources. As part of the plan, EnCap appointed an undisclosed bank to launch an auction for Ameredev II in the coming weeks.

It’s important to note, however, that both EnCap and Ameredev II alike are declining to comment further on the matter.

Yet in light of the conflict in Ukraine, this move isn’t surprising. Buyout firms are currently scurrying to make cash from U.S. crude prices reaching their highest level since 2008, therefore bolstering their assets' value.

But the reason why these assets warrant such a price is not exclusively related to geopolitical shifts: at the end of last year, Ameredev II saw a huge overhaul, when EnCap combined it with another portfolio company, Advance Energy Partners, thus virtually creating one of the largest privately-owned oil producers in the country. And now the company looks to reap the benefits, while the iron is hot. 

After selling its predecessor, Ameredev I, to Callon Petroleum Co. in 2017, EnCap invested $400 million in Ameredev II. And after continuous development, The company now operates the largest privately held contiguous land position in northern Delaware — the hub of the shale industry which spans Texas and New Mexico.

But EnCap is not the only one looking to earn a couple of brownie points off of its foresight. In addition to them, Aethon Energy Management, as well as NGP, are also currently exploring the sale of their acreage in North Louisiana for $6 billion. The two companies are aiming to exit Colgate Energy Partners III for more than $5 billion.

But tracking such movements is hard. In order to foresee possible opportunities or threats, one needs to be fully aware of not only the market, but assets, their locations, borders, and resource bases alike, which requires access to special energy data and deep analyses. And we at Rextag can provide it. If you are interested, reach out to our Houston sales office or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.

Tel. +1 713-203-3128

Email: treitmeier@hartenergy.com

As Countries Shun Russian Crude, Canada Plans to Boost Its Oil Exports

$data['article']['post_image_alt']

Canada is looking at ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its reliance on Russian oil At the moment, oil exports from Canada to the U.S. are approximately 4 million barrels of oil per day, with a portion reexported to other countries. At the end of 2021 Canadian oil companies exported a record amount of crude from the U.S. Gulf Coast, mostly to big importers India, China, and South Korea. And this will only increase in the future.

$1B Deal: Williams Buys Out Houston-based Midstream in Haynesville Basin

$data['article']['post_image_alt']

By purchasing the gathering and processing assets of Trace Midstream, Williams' existing footprint gains expanded capacity in one of the nation's largest growth basins, bringing its Haynesville gathering capacity to over 4 Bcf/d — increasing more than 200% from 1.8 Bcf/d. The deal also includes a long-term commitment from Trace and Quantum to support Williams' Louisiana Energy Gateway project (LEG), which is aimed to deliver responsibly sourced Haynesville’s naturalgas to markets along the Texas and Louisiana GulfCoast

$data['article']['post_image_alt']

Oil output in the Permian Basin in Texas and New Mexico is supposed to go up 88,000 bbl/d to a record 5.219 million bbl/d in June, as the U.S. Energy Information Administration (EIA) announced in its report on May 16. Additionally, gas productivity in the Permian Basin and the Haynesville in Texas, Louisiana and Arkansas will rise to record highs of 20 Bcf/d and 15.1 Bcf/d in June, respectively. Given that this growth has been expected, recent global market changes make forecasting the output even more challenging. Learning how production will change is easier with early activity tracking, a new service recently launched by Rextag – Pad Activity Monitor. With the help of PAM, you are able to monitor well pad clearing, drilling operations, fracking crew deployment and completions with new data collected approximately every 2 days. Additionally, it cuts down activity reporting lag times by at least 98%, from 120-180 days down to just 5-8 days. In order to access reports, charts, tables, and mapping visualizations via Rextag’s Energy DataLink use a web-based application allowing users to filter, download and identify activity on a map or data table. Moreover, customers will be able to set up daily, weekly, and monthly email report notifications.

$data['article']['post_image_alt']

The EIA forecasts that total output in the main U.S. shale oil basins will increase 142,000 bbl/d to 8.761 million bbl/d in June, the most since March 2020. Oil productivity in the Permian Basin in Texas and New Mexico is supposed to go up 88,000 bbl/d to a record 5.219 million bbl/d in June, as the U.S. Energy Information Administration (EIA) announced in its report on May 16. In the largest shale gas basin, the productivity in Appalachia in Pennsylvania, Ohio and West Virginia will grow up to 35.7 Bcf/d in June, its highest since beating a record 36 Bcf/d in December 2021. Gas output in the Permian Basin and the Haynesville in Texas, Louisiana and Arkansas will rise to record highs of 20 Bcf/d and 15.1 Bcf/d in June, respectively. Speaking of the Permian future output, putting hands on upcoming changes in production has recently been made easier with the new Rextag's service - Pad Activity Monitor. Thanks to satellite imagery and artificial intelligence, customers are able to monitor the oil and gas wells and are provided with near real-time activity reports related to drilling operations. However, it is noticed that productivity in the largest oil and gas basins has decreased every month since setting records of new oil well production per rig of 1,544 bbl/d in December 2020 in the Permian Basin, and new gas well production per rig of 33.3 MMcf/d in March 2021 in Appalachia.

$data['article']['post_image_alt']

No sooner had the crude prices soared above $100/bbl than the industry professionals believed in an incredible growth of drilling activity in North America’s largest shale patch. Analysts speculate that additional output of 500,000 barrels of oil daily would become a significant part (4%) of overall U.S. daily production. That is going to flatter oil and gasoline prices. Drilling permits in the Permian Basin are persistently growing, averaging approximately 210 at the beginning of April. Moreover, the permits trend is noticed as an all-time high as a total of 904 horizontal drilling permits were awarded last month. Nowadays, learning and analysing the current situation and predicting the future development become easier with early activity tracking, a new service recently launched by Rextag. Rextag's Pad Activity monitor (PAM) allows you to see well pad clearing, drilling operations, fracking crew deployment and completions with new data collected approximately every 2 days with the help of satellite imagery and artificial intelligence. While the increase in drilling will result in higher production, U.S. shale producers will have to overcome several hurdles including labor shortages and supply constraints.

NGLs Acquisitions TransCanada LNG Permian Basin Midstream Gathering Powder River Basin Careers in O&G Jordan Cove Power Plant Fuel Kinder Morgan Crude Oil Corpus Christi BridgeTex Magellan Pinnacle Midstream Sierra Grande Medallion Pipeline Offshore Appalachian Bakken EIA Mancos Shale GIS Midstream Delaware Gulf of Mexico Propane North-East Wholesale DCP NGL Energy Partners Eagle Ford ArcLight Capital Partners Nuevo Midstream Petroleum Production Upstream Analysis Data Webinar Permian Production Drilling Pipelines Wells Takeaway Gas Water Management Pipeline Questar Pipeline Energy Gas Plains Oryx PennEast Pipeline Chesapeake Energy Corporation Market Acquisition Of Vine Energy Inc. Exxon Mobil U.S. shale gas assets Mariner east expansion Energy transfer Pennsylvania Water management IPO ESG Acquisition Natural gas Aviation emissions SAF White House Aviation fuel Emissions Aviation Fuel Sustainability Pipeline Oil and energy M&A Merger and acquisition Pioneer Natural Resources Asset sale Upstream Acreage sale Midland DoublePoint Energy Crude oil E&P Oil output Oil market Crude oil production Forecast Growth Oil Bbl Exploration & production Penn Virginia Ranger Oil Rebranding Map of pipelines Energy maps Wells Natural gas production Comstock Resources Northern Oil and Gas Dominion Energy Berkshire Hathaway Southwest Gas Carl Icahn Rocky Mountains Uinta Greater Green River Piceance RSG Partnership LaBarge Carbon capture and storage CCS Natural gas maps Carbon footprint Onshore North Dakota Renewable energy Bioethanol Environmental Protection Agency Red Trail Energy Broom Creek Formation Geologic CO2 storage Carbon capture storage (CCS) Diamondback Energy Rattler Midstream Onshore Divestment Oil and natural gas assets Water management Produced water TC Energy Alberta Canada Carbon-free Greenhouse-gas emissions Emissions reduction Energy services GIS U.S. NG data U.S. hydrogen production Hydrogen pipeline maps Oasis Petroleum Crestwood Equity Partners Oasis Midstream Partners Petroleum infrastructure Pipeline maps Williston Basin Bakken Shale Delaware Basin Appalachian Basin Atural gas gathering Cheniere Energy Sinochem Group Cheniere Marketing Glencore U.S. LNG exports SPA LNG provider Natural gas producer Texas Gulf Coast Energy market LNG delivery GIS NG data U.S. ANR Pipelines Emission reduction Investment Energy provider CO2 reduction Midwest Electrification Asset renewal Greenhouse gas NG data Midland Basin Sempra Energy Vista Pacifico Costa Azul Louisiana Mexico Asia Europe LNG plant GIS U.S. data NG data U.S. NG pipeline maps Expansion Concho Valley Solar Targa Resources Merit SI Komipo America Ironwood Midstream EnCap Flatrock Midstream Eagle Ford Shale Assets merger Crude oil delivery Crude oil and natural gas output Midstream footprint Midstream infrastructure Natural gas gathering and processing Enbridge Line 3 project NGL Appalachia to Market and Middlesex Extension project Southern Access expansion Gas projects Natural gas pipelines Energy infrastructure Energy Transfer LP Mariner East Project Zacks Consensus NGL export Energy Assets NGL production Energy Projects Analytics Infrastructure William Companies Crowheart Energy Denver Green River Basin Wamsutter Field Assets Revenue Joint Venture Energy Infrastructure West Texas New Mexico Double E Pipeline Summit Midstream Partners Waha Hub Downstream Market Gas Flaring Gas Extraction Natural Gas Infrastructure New Fortress PHMSA Energy Transport Solutions LNG-by-rail New Jersey Transport Permit Liquefaction Plant Marcellus Shale LNG Delivery GIS U.S. NG Data Pipeline Maps BP BPX Energy MiQ Natural Gas Certification Gas Production South Haynesville Basin Methane Emissions Reduction of Greenhouse Emissions Well maps Zephyr Energy Paradox Basin Utah Hydrocarbon Reservoirs Horizontal Well Hydraulically Stimulated Resources Gas Rates Well maps Colgate Energy Pearl Energy Investments NGP Credit Suisse Group Shale Oil Producer Stock Market Energy Prices Warburg Pincus Enterprise Products Partners Navitas Midstream NGL logistics Natural Gas Natural Gas Liquids Infrastructure Acquisition Forecast Haynesville Basin LNG Demand Power Generation Coal Production Forecast Continental Resources Dividends Oil Prices Natural Gas Production Shale Evolution Petroleum Exaro Energy III Jonah Field Natural Gas Assets Non-Operated Assets Natural Gas Equivalent Energy Transfer Gulf Run Pipeline map Shale Field Lime Rock Resources Abraxas Petroleum Oil and Gas Properties Oil Equivalent BOED A&D sector GIS U.S. Devon Energy Anadarko Basin Midcontinent Powder River Williston Net-zero Production Emissions NGO Carbon Capture Sequestration Greenhouse Gas Emissions Ethanol Conversion Petro-Hunt Admiral Permian Resources Oil and Gas Production Leasehold Properties Assets Acquisition Pine Wave Energy Partners Silver Hill Energy Partners III Midstream NG gathering pipelines Haynesville Natural Gas Gathering Shale Gas Operated Wells NG Pipeline Maps Quantum Energy Partners Williams Trace Midstream LEG project Clean Energy Natural Gas Products Equity Investments NG gathering pipeline systems Endeavor Gathering Gemini Carthage Ameredev II EnCap Investments Buyout Firms Crude Prices Ukraine Assets Value Shale Industry Colgate Energy Partners III War Oil Sanctions Enbridge Inc Southern Lights Pipeline Mainline Pipeline System Liquids and Natural Gas Pipelines Export Import LNG Terminals Energy Crisis Hydrogen Bakken Formation Debt Restructuration Shares Assets Sale Oil companies Natural Gas Prices Crescent Energy EP Energy Uinta Basin Shale Formation Merge Antitrust Monopoly Leucrotta Exploration Vermilion Energy Equinor Energy Ireland Drilling Inventory Hydrocarbon Exploration Gas Holdings Mica Montney Shale NLG Renewable Energy Group Chevron Alternative Fuels Climate Change Global Emissions Biodiesel Renewable Diesel Carbon Footprints Decarbonized Fuel Great Western Petroleum PDC Energy Colorado D-J Basin Shareholder Returns Energy Production Flowing Gas Net Acres Pembina KKR Newco Western Canadian Sedimentary Basin Gas Processing Plants Gathering and Transportation Network Transportation Infrastructure Whiting Petroleum Merger Bakken shale Bankruptcy Strategic Resources Montana Acreage maps Carbon capture and storage Oxy Enterprise Subsurface characterization Subsurface CO2 sequestration U.S. energy maps U.S. Gulf Coast Oil and gas production Humble Midstream EIEC Drilling activity Baker Hughes Oil and Gas rigs O&G production forecasting Oil prices Gas prices Drilling permits Permian Basin 2022 O&G output records PAM