http://www.worldoil.com WorldOil U.S. oil output plunges as Arctic air freezes Permian shale fields https://www.worldoil.com/news/2021/2/16/us-oil-output-plunges-as-arctic-air-freezes-permian-shale-fields U.S. oil production has plunged by more than 2 million barrels a day as the coldest weather in 30 years brings havoc to key producing states that rarely have to deal with frigid Arctic blasts. Oil prices rally as record winter storms hit Texas shale supplies https://www.worldoil.com/news/2021/2/15/oil-prices-rally-as-record-winter-storms-hit-texas-shale-supplies The Arctic blast gripping the central U.S. may threaten crude exports from one of the world’s top producers, amid rapidly-normalizing global stockpiles that point to the success OPEC has had in draining a surplus left in the wake of the pandemic. Equinor exits Bakken shale with $900MM sale to Grayson Mill Energy https://www.worldoil.com/news/2021/2/10/equinor-exits-bakken-shale-with-900mm-sale-to-grayson-mill-energy Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD $900 million. Devon Energy joins shale producers pledging restraint as oil rallies https://www.worldoil.com/news/2021/1/7/devon-energy-joins-shale-producers-pledging-restraint-as-oil-rallies “I have a hard time seeing the need for U.S. producers over the next several years to get back to double-digit growth,” Devon Energy CEO Rick Muncrief said in an interview. “For this management team, if we really think about 2021, let’s keep it flat.” Pioneer’s CEO sees shale output flat for the foreseeable future https://www.worldoil.com/news/2021/1/7/pioneer-s-ceo-sees-shale-output-flat-for-the-foreseeable-future “I really don’t see much increase in the Permian basin or the U.S. shale over the next several years,” said Scott Sheffield, chief executive officer of Pioneer Natural Resources Co. Diamondback to buy QEP Resources in $2.2 billion all-stock deal https://www.worldoil.com/news/2020/12/21/diamondback-to-buy-qep-resources-in-22-billion-all-stock-deal Diamondback Energy and QEP Resources have entered into a definitive agreement under which Diamondback will acquire QEP in an all-stock transaction valued at approximately $2.2 billion, including QEP’s net debt of $1.6 billion as of September 30, 2020. North Dakota regulator sees Bakken shale growth stalled until 2022 https://www.worldoil.com/news/2020/12/15/north-dakota-regulator-sees-bakken-shale-growth-stalled-until-2022 Home to the Bakken shale formation, North Dakota won’t see any sustained growth in production sooner than the second half of 2022, Lynn Helms, director of the state’s Department of Mineral Resources, said. Lufkin Industries acquires Schlumberger’s North American rod lift business https://www.worldoil.com/news/2020/11/2/lufkin-industries-acquires-schlumberger-s-north-american-rod-lift-business Lufkin Industries announced that it has completed the acquisition of the North American Land Rod Lift Business of Schlumberger. Executive orders would give Biden options to limit oil and gas production https://www.worldoil.com/news/2020/10/22/executive-orders-would-give-biden-options-to-limit-oil-and-gas-production There are several ways Biden could halt fracking on federal lands using executive power. He could ban new oil and gas leases, halt new permits, or seek a specific regulatory ban on fracking, all of which Biden has telegraphed at one point or another on the campaign trail. U.S. shale mergers reshuffle the oil production landscape https://www.worldoil.com/news/2020/10/21/us-shale-mergers-reshuffle-the-oil-production-landscape “There’s only going to be three or four independents that are investable by shareholders” after the recent market rout, Pioneer CEO Scott Sheffield said on a conference call with analysts. “The best companies have been picked off the past few weeks.”