Occidental Petroleum Corp. will reduce spending on US shale operations as it seeks to improve cash flow to repay debt, resulting in largely flat production this year. OXY USA Inc. ranks #4 in wells drilled in 2023 with 590 wells drilled in the US
Houston’s Apache Corporation agreed recently to pay a $4 million fine for clean air violations of its more than 400 oil and gas wells in the Permian Basin. It led New Mexico officials to call for even more scrutiny of oil and gas operations.
Omnia Midstream Partners has been selected by the U.S. Department of Energy (DOE) to advance a large-scale carbon storage feasibility study in the Delaware Basin located in West Texas.
Comstock drilled 67 (55.5 net) operated horizontal Haynesville/Bossier shale wells in 2023, which had an average lateral length of 10,796 feet. Comstock also turned 74 (55.7 net) operated wells to sales in 2023, which had an average initial production rate of 25 MMcf per day.
ConocoPhillips Co. expects to pull the brake on its United States production in 2024 and will instead focus on operational and capital efficiency, company leaders said, after it delivered a company record for the Lower 48 with an annual average output of 1.1 million barrels of oil equivalent per day (MMboepd).
List of top 25 oil & gas companies.
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and Endeavor Energy Resources, L.P. (“Endeavor”), today announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge
Production from the basin is set to reach 6.4 MMbpd at the end of this year, up from 6.1 MMbpd at the end of 2023, Plains All American Pipeline LP said in its fourth-quarter earnings presentation.
Reports suggest Devon is in talks with Canadian-based Enerplus and made an acquisition offer. Devon declined comment. Enerplus did not immediately respond to a request for a comment reported Reuters.
Conoco U.S. oil firms are reporting higher-than-expected oil production in the country’s main shale basin, with Chevron Corp surprising analysts last week and Exxon Mobil also expanding its U.S. production.
