Marathon Oil Corporation (NYSE: MRO) announced it has entered into a definitive purchase agreement to acquire the Eagle Ford assets of Ensign Natural Resources for total cash consideration of $3.0 billion. The transaction is subject to customary terms and conditions, including closing adjustments, and is expected to close by year-end 2022.
The following is a summary of oil & gas pipeline construction permits, well permits and facility permits approves in Western Canada last 7 days (report date Nov 2, 2022). Total Operators approved for permits 98 for 213 total permits.
Calgary-based electricity producer TransAlta Corp. is suing the Alberta government and the Alberta Energy Regulator to prevent oil and gas companies from fracking near its largest hydroelectric dam in the province because the technique can cause earthquakes.
Surge Achieved average daily production of 21,380 boepd (86 percent liquids) during Q3/22, an increase of over 21 percent as compared to Q3/21 production of 17,642 boepd (84 percent liquids)
Texas oil & gas pipeline and facility project permits last 7 days report dated Nov 1, 2022 is tracking 36 Oil & Gas and Mid Stream Operators that had 202 pipeline and facilities approved permits.
Advantage Energy Quarterly production of 54,168 boe/d (286 MMcf/d natural gas and 6,447 bbls/d liquids). Production remains on track to achieve corporate guidance for 2022 despite having shut-in an average of approximately 2,500 boe/d of AECO-exposed production during extremely low prices.
Discovery Operating Inc is a family owned, independent E&P company located at 2600 Mockingbird Lane Midland, Texas, United States, currently operating over 300 wells across Texas. Discovery Operating ranks #74 with 28 wells drilled in the Mid Continent (TX,OK,LA,NM) in 2022.
Oilfield services firm Baker Hughes said Friday the US rig count fell by three to 768. Still, the rig count rose by three rigs for the month and is 224 rigs or 41% higher than the 544 at work a year ago.
During 2022, the Company plans to operate an average of 22 to 24 horizontal drilling rigs in the Midland Basin, including a three-rig average program in the southern Midland Basin joint venture area. The 2022 capital program is expected to place 475 to 505 wells on production. Pioneer expects 2022 oil production of 350 to 365 thousand barrels of oil per day (MBOPD) and total production of 623 to 648 thousand barrels of oil equivalent per day (MBOEPD).
Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. announced the opening of Sprouts Energy Learning Center, an employee-exclusive childcare center in Midland, Texas. Sprouts Energy provides high-quality early education for the children of Diamondback and Endeavor employees.
