Vital Energy reported record second-quarter 2024 production with 129.4 MBOE/d and 59.2 MBO/d in oil. The company achieved a net income of $36.7 million and increased its full-year 2024 production guidance to 127.0 – 131.0 MBOE/d.
HighPeak Energy’s Q2 2024 results showcase a significant increase in production and a reduction in operating costs, highlighting our commitment to operational excellence.
SM Energy Company (NYSE: SM) today announced robust financial and operational results for the second quarter of 2024, highlighting significant advancements in production and strategic acquisitions. The company reported strong net production and financial performance, driven by excellent operational execution in its core areas.
The Occidental Petroleum Corporation’s (OXY) second-quarter earnings conference call slides provide detailed insights into the company’s activities and performance in the Permian Basin.
regulatory pressure impacts the design and operation of storage tanks in the oil and gas industry, driving the adoption of more robust solutions like the 1000-barrel (bbl) tank with a 40-ounce (oz) differential pressure rating integrated with Vapor Recovery Systems (VRS).
Vital Energy, in partnership with Northern Oil & Gas, has announced the acquisition of Point Energy Partners from Vortus Investments in a deal valued at $1.1 billion. This significant transaction, expected to close by the end of the third quarter of 2024, marks a strategic expansion of Vital Energy’s footprint in the Delaware Basin.
The bullish ratings from Mizuho Securities and RBC Capital reflect confidence in Chevron’s strategic initiatives, robust operational performance, particularly in the Permian region, and commitment to shareholder returns. Mizuho Securities’ Nitin Kumar, CFA, emphasized Chevron’s production growth, strategic project advancements, and cost management as key drivers for his Buy rating and $205 valuation.
The U.S. Environmental Protection Agency (EPA) is undertaking another series of helicopter flyovers to survey oil and gas facilities in the Permian Basin.
Devon Energy Corporation (NYSE: DVN) has reported outstanding financial and operational results for the second quarter of 2024. Highlights include record oil production, a significant strategic acquisition, and an increase in shareholder returns.
ConocoPhillips has observed high single to low double-digit deflation in key spend categories such as pumping services, proppant, and OCTG (Oil Country Tubular Goods).
