A federal judge has thrown out a lawsuit filed by the Center for Biological Diversity and WildEarth Guardians against the federal Department of Interior, state of Wyoming, Petroleum Association of Wyoming and others to shut down hundreds of oil and gas drilling permits.
The Ark-La-Tex active rig count was over 80 for most of 2H22 and 1Q23. However, throughout 2H23, activity has been stuck in a 50- to 60-rig range. Meanwhile, the EIA reported that just 43 wells were completed in the Haynesville in October, down by 19 from last December’s peak.
Oxy is in talks to buy closely held shale driller CrownRock LP, which is managed by Crownquest
During Q3 2023, the acquired properties reported average net daily production of approximately 29,000 barrels of oil equivalent (boe). SilverBow Resources has acquired oil and gas assets in South Texas, US, from Chesapeake Energy in a deal worth $700m.
U.S. shale developers have been on a relentless chase to drill for oil as cheaply as possible.
Federal agencies are poised to release a battery of rules in the coming months that crack down on the oil and gas sector for releasing the potent greenhouse gas.
Chevron 2024 plan related to oil & gas
The company said it plans to open its EV offering at key markets by the end of the year and have the charging stations available at a total of 31 hubs by the end of 2024.
Vital Energy delivered across the board in the third quarter,” stated Jason Pigott, President and Chief Executive Officer. “We had the powerful combination of higher-than-expected production and lower-than-planned capital investments. These exceptional results translated directly to strong financial performance, driving $91 million of Free Cash Flow.”
Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday.
