As the 2024 U.S. presidential race heats up, the oil and gas industry has thrown significant financial weight behind Donald Trump’s campaign. Leading figures such as Kelcy Warren (Energy Transfer), Harold Hamm (Continental Resources), and Jeff Hildebrand (Hilcorp Energy) have become key financial backers, drawn by Trump’s pro-energy stance and…
The latest Baker Hughes rig count report has revealed a minor decline in the number of active oil and gas rigs across the U.S., a signal that the energy industry is continuing to navigate through fluctuating market conditions and shifting priorities.
In a significant move, Chevron Corp. has announced the sale of its stakes in the Athabasca Oil Sands Project and the Duvernay shale to Canadian Natural Resources Ltd. for a total of $6.5 billion.
Paramount Resources Ltd. has significant operations in the Elmworth field, which ranks as the company’s most active field with 108 combined records across well, facility, and pipeline data.
A central tank battery (CTB) is a facility that centralizes the separation and storage of oil, gas, and water from multiple wells in close proximity. CTBs help operators handle high production volumes by providing a central location to process hydrocarbons efficiently. In the Permian Basin, where numerous horizontal wells often produce from the same formation, CTBs play a critical role in managing large quantities of produced fluids.
EOG Resources is rapidly expanding its operations in Ohio’s Utica shale play, with activity concentrated in Carroll, Noble, Harrison, and Belmont counties. The company is partnering with key drilling contractors like H&P and Patterson to support its increased rig deployment and steady monthly activity growth throughout 2024. EOG’s COO, Jeff Leitzell, emphasized the strategic importance of the Utica shale and plans for further capital investment if current successes continue.
Chevron has been making waves in the U.S. Gulf of Mexico, a region that is fast becoming a cornerstone of the company’s production growth. With ambitious plans to increase production to 300,000 net barrels of oil equivalent (BOE) per day by 2026, Chevron is leveraging advanced technology and strategic project execution to unlock the region’s vast potential.
In a significant move reflecting its ongoing commitment to Alaska’s North Slope, ConocoPhillips has announced a $300 million deal to acquire portions of the Kuparuk and Prudhoe Bay oil fields from Chevron USA. This transaction is expected to close by the end of 2024 and reinforces ConocoPhillips’ position as a key player in the region, even as other major oil companies have gradually withdrawn.
Oklahoma City-based Mach Natural Resources LP has successfully completed the acquisition of oil and gas assets across Oklahoma and Kansas, further solidifying its position as a key player in the region.
SM Energy Company (the “Company”) (NYSE: SM) announced today that it has closed the previously announced Uinta Basin acquisition of an 80% undivided interest in the oil and gas assets of XCL Resources, LLC
