Kinetik has entered into an agreement to acquire Durango Permian LLC, expanding its footprint in Eddy and Lea Counties, New Mexico.
Kinetik (KNTK) to Expand Operations in North Delaware Basin
Protected: Chevron U.S.A. Inc.
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Protected: Blackbeard Operating – Evers
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Matador Resources – Delaware Basin
Matador’s drilling inventory with 406 gross drillable locations. They also own midstream assets, like pipelines and a saltwater disposal well, which could provide additional value to Matador’s operations.
Canada Rig Count Report May 13th, 2024
Canada Rig Count Report May 13th, 2024 we are tracking 51 Oil & Gas Operators and 109 drilling rigs that spud wells last 30 days in Alberta, BC and Saskatchewan.
EOG Delaware Basin – new gas plant and drilling increased efficiencies
In 2024, EOG plans to allocate a significant portion of its capital expenditure, about $4.2 billion, to drilling and exploration activities across its assets, with a substantial focus on the Delaware Basin. This investment is part of a broader $6.0 to $6.4 billion total expenditure plan for the year, which also includes environmental and infrastructure projects.
Matador Resources Q1/2024 Results – ‘trimul-frac’ technology fuels growth
Matador Resources Company reported strong Q1 2024 results, with a net income of $193.7 million and an adjusted EBITDA of $505.4 million, exceeding expectations.
Unit Corporation Q1/2024 results – drilling segment average dayrate $30,891
Unit Corporation’s contract drilling segment remained relatively stable during the first quarter of 2024 compared to the same period in 2023. The company’s BOSS rigs availability remained unchanged, with 14 rigs available at the end of both periods.
Vital Energy, Inc. Q1/2024 – record production in the Permian
The Permian Basin, particularly its Southern Delaware position, played a significant role in Vital Energy’s first-quarter success. Results in this area exceeded industry standards, showcasing the company’s ability to drive sustainable gains in well productivity and lower capital costs.
Ovintiv Inc. Q1/2024 results – $1.45 billion investment in the Permian 2024
Ovintiv Inc. posted strong financial results for the first quarter of 2024, with net earnings of $338 million and robust cash flow of $1,035 million.
