ConocoPhillips (COP), based in Houston, Texas, is set to announce its Q2 earnings before the market opens on Thursday, August 1. Analysts are anticipating a robust performance with an expected earnings per share (EPS) of $2.25, marking a 22.3% increase from the year-ago quarter.
The formation of this joint venture marks a strategic alignment between Energy Transfer LP and Sunoco LP, leveraging their respective strengths in crude oil and produced water gathering operations in the Permian Basin. With Energy Transfer’s extensive operational expertise and Sunoco’s valuable assets, the combined entity is poised to enhance operational efficiencies and create significant value for both partnerships.
Scotiabank reaffirmed its Sector Perform rating on Apache Corp (NASDAQ) with a price target of $30.00 after reviewing Apache’s latest quarterly information. Apache’s adjusted EPS and CFPS are projected at $0.93 and $2.99, respectively. The company reported higher-than-expected dry hole expenses and favorable outcomes in Egypt, with tax barrels surpassing…
The Permian Basin is a rapidly growing economic powerhouse, crucial for Texas, New Mexico, and the U.S., contributing significantly to jobs, taxes, and government functions. It’s a leading energy producer with low CO2 emissions, projected to generate $350 billion and 1.2 million jobs by 2050.
The latest Baker Hughes rig count shows the U.S. rig count decreased by one to 584
This detailed analysis focuses on Block 36 within the Permian Basin, specifically in the Midland Basin area, east of Midland, Texas.
Wolf Midstream (Wolf) has announced a positive final investment decision for its NGL North Phase Two project. This development will significantly boost the natural gas liquids (NGL) production capacity of Wolf’s existing NGL North System, which was commissioned in 2023.
Occidental’s extensive acreage in the Permian Basin and the technological advancements that are driving efficiency and long-term profitability. By examining these facets, we gain insight into how Occidental is positioning itself for sustained success in a competitive market landscape.
Devon Energy has acquired Grayson Mill Energy from EnCap Investments for $5 billion in cash and stock, becoming the fourth-largest producer in the Williston Basin. This acquisition marks Devon’s first significant move in the current consolidation cycle, emphasizing a conservative M&A strategy that values existing production over undeveloped inventory.
Patterson-UTI Energy is a major land rig drilling contractor in the U.S. Following its 2023 merger with NexTier, it significantly expanded its pressure pumping operations and now holds nearly 20% of the North American market for drilling and completions services.
