Chevron Corp. has begun marketing its Duvernay shale holdings in Alberta as the oil giant divests assets following its agreement to buy Hess Corp.
Chevron Seeks to Sell Duvernay Shale Assets
Bakken Oil Production Up Strongly Last Year
Forecasters at Enverus Intelligence Research (EIR) said the unexpectedly strong growth led them to increase their annual forecast for US production growth by 100,000 B/D to 1.2 million B/D.
New energy firm Ellipsis explores more acreage opportunities in the Permian
Ellipsis U.S. Onshore, formed in June 2023, is considered a newcomer to the Delaware Basin which makes up the western part of the Permian. It acquired 3,000 non-operated acres in the Delaware with production of about 3,000 barrels of oil equivalent a day. The production was expected to grow to 7,000 by year’s end.
Frigid weather cut North Dakota oil production in half
Oil production fell between 600,000 and 650,000 barrels a day as of Tuesday due to cold weather, reported the North Dakota Pipeline Authority.
Atlas Energy to build a 42 mile conveyor belt
The energy company is introducing the Dunne Express which is a 42-mile conveyor belt that will help move sand across the Permian Basin.
Frigid forecast for West Texas raises alarm over Permian gas freeze-off risk
Sub-freezing temperatures forecast for West Texas in mid-January are threatening production freeze-offs in the Permian Basin
Chesapeake and Southwestern Energy announced they have merged
Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced that they have entered into an agreement to merge in an all-stock transaction valued at $7.4 billion
Shell Signs 20-year Supply Deal with Canadian LNG Upstart
Shell Plc. signed a long-term deal to buy liquefied natural gas from a Canadian floating export facility to serve energy markets in Asia.
EOG to keep capital spending, production in line with 2023
EOG Resources Inc., Houston, will this year keep its capital spending in line with 2023’s roughly $6 billion as it prioritizes returns over production volumes, president Lloyd “Billy” Helms Jr. said Jan. 4.
APA CORPORATION TO ACQUIRE CALLON PETROLEUM COMPANY IN ALL-STOCK TRANSACTION
APA Corporation (“APA” or the “Company”) (NASDAQ: APA) and Callon Petroleum Company (“Callon”) (NYSE: CPE) have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt.