A call to transition energy systems away from fossil fuels – the first time oil and gas had been included in a COP agreement – won over those demanding strong action; but oil producers and developing countries were reassured by assertions that countries are free to follow their own paths to net zero.
Rig count in the Mid Con last 30 days, report date Dec 4th 2023. We are tracking 164 Oil & Gas Operator and 486 drilling rigs that drilled wells in 104 counties located in the Mid-continent.
Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has robust infrastructure and is known for high productivity and large undeveloped reserves.
Natural gas takeaway capacity from the US Gulf Coast region’s prolific Permian Basin increased by 550 MMcf/d with the in-service of an expansion of Kinder Morgan’s Permian Highway Pipeline.
Occidental (NYSE:OXY) announced on Monday it will acquire CrownRock and its significant Permian basin assets in a deal valued at around $12B.
Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin, the top US oilfield, at between US$25bil and US$30bil, according to a source.
One country provides an instructive example. For decades, the US has dedicated billions of dollars in federal government spending — both grants and tax credits — to propel carbon capture ventures at power plants and industrial facilities, but it has little to show for that largesse. Just 14 projects are operating today, with half of them tied to the very cheapest applications — gas processing and ethanol production — according to a database by the non-governmental organization Clean Air Task Force.
Canada Rig Count Report Dec 11, 2023 we are tracking 95 Oil & Gas Operators and 200 drilling rigs that spud wells last 30 days in Alberta, BC and Saskatchewan.
St. Albert is a city located just northwest of Edmonton, Alberta and is close to the emerging Clearwater Formation. It is a geological formation in Western Canada that has gained attention for its potential as an oil and gas reservoir. It is part of the Western Canada Sedimentary Basin (WCSB), one of the largest and most prolific sedimentary basins in the world.
Drayton Valley is a town located in central Alberta, Canada, and it has been historically associated with the oil and gas industry. The region around Drayton Valley is part of the Western Canada Sedimentary Basin, a major hydrocarbon-producing area in North America.
