The latest rig count from Baker Hughes Co. showed the national total gained four rigs to reach 585
Rig count from Baker Hughes – National total gained four rigs to reach 585
Devon Energy to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion
Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction is subject to customary terms and conditions, including various purchase price adjustments, and is expected to close by the end of the third quarter of 2024, with an effective date of June 1, 2024.
Ascent Resources 2023 Sustainability Report: Commitment to Excellence in Environmental, Social, and Governance Practices
Key highlights of the report include Ascent’s continued commitment to environmental stewardship, social responsibility, and robust governance practices. The company has made significant strides in emissions management, water conservation, land use, and community engagement. Ascent’s efforts are underpinned by a strong governance structure, a dedicated and talented workforce, and a relentless pursuit of operational excellence.
AI and ML Workflows Enhance ConocoPhillips’ Decision-Making for Permian Basin Assets
ConocoPhillips is leveraging automated artificial intelligence (AI) and machine learning (ML) workflows to make more efficient and economically sound decisions for its nonoperated assets in the Permian Basin. According to Tom Williford, a reservoir engineer at ConocoPhillips, these tools are crucial for rapidly evaluating opportunities and responding to asset operators within the required decision-making window, typically 30 days.
New Mexico Cracks Down on Air Quality Violations Amid Oil and Gas Boom in Permian Basin
As oil and gas production surges in New Mexico’s Permian Basin, state and federal regulators are intensifying their enforcement of environmental laws.
Diamondback Energy (FANG): Approaching Buy Point Amid Oil Price Recovery and Strong Q1 Earnings
Diamondback Energy (FANG) has been highlighted as the IBD Stock of the Day, nearing a buy point amidst a recovery in oil prices and rising demand heading into the July Fourth holiday.
Continental Resources – Block 21
Continental Resources Block 21 located in West Texas. We review the permit, drilling and completions activities relates to full stack development of Block 21.
U.S. Oil and Gas Rig Count Continues to Decline: Latest Baker Hughes Report
The latest Baker Hughes Rig Report indicates a continuing decline in the active number of oil and gas rigs both in Oklahoma and across the U.S.
Partisan Divide and Consumer Dissatisfaction Threaten Clean Energy Progress in the U.S.
The McKinsey & Co. survey, alongside the Pew Research Center’s findings, illustrates a complex and challenging landscape for the future of renewable energy and electric vehicles (EVs) in the U.S. The significant partisan divide, declining support for renewable energy sources, and the unexpected dissatisfaction among EV owners all contribute to uncertainty in the progress of clean energy initiatives.
Who is Permian Resources?
Permian Resources is a leading exploration and production (E&P) company focused on the Delaware Basin, which spans parts of Texas and New Mexico.
