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Light, sweet crude oil closed slightly above $56/bbl on Feb. 19 after having briefly reached a 2019 high of $56.39/bbl, but prices fell in early trading Feb. 20 following a US government forecast that US production from unconventional plays will reach a record during March. The US Energy Information Administration forecast US shale production will reach 8.4 million b/d next month.

Targa Resources has agreed to sell a 45% interest in Targa Badlands, the entity that holds Targa’s North Dakota oil and natural gas assets, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities for $1.6 billion in cash. Targa will continue to operate and hold majority governance rights.

The Australia Pacific LNG (APLNG) combine has agreed to acquire the Ironbark coal seam gas project from Origin Energy for $231 million (Aus.). Ironbark—not to be confused with the BP PLC-led group’s conventional gas prospect of the same name offshore Western Australia—lies near Tara in the Surat basin of southeast Queensland.

Devon Energy Corp. plans by yearend to sell or spin off its heavy oil properties in Canada and gas production in the Barnett shale to focus on US oil. The company has hired advisors for each group of assets to be separated. It will open data rooms by this year's second quarter.

The American Petroleum Institute issued a new recommended practice that revises recommended procedures to promote and maintain safe and healthy working conditions for personnel in drilling and well servicing operations. First published in 1981, the latest version of Recommended Practice 54 applies to rotary drilling rigs, well servicing rigs, and special services as they relate to operations on location.


This week’s Inside Shale highlights Dominion Energy’s plan to reduce their GHG emissions by 50%! Check out the pod… https://t.co/WS6nrkuX0x

Guest editorial (Clarksburg): Dominion again works to set standard for 'greener' energy (Daily Mail Opinion) | Dail… https://t.co/V9aoEANV3Z

RT @AnteroResources: Antero Resources is active in the communities in which we operate, supporting local schools, conservation organization…

RT @AnteroResources: Antero Resources was formed in 2002 by Paul M. Rady and Glen C. Warren, Jr. following their success with Pennaco Energ…