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.
Frigid weather cut North Dakota oil production in half
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.
Amid Increasing Earthquakes, Texas Forces Reduction in Fracking Disposal
From November 8 to December 17, 2023, there were seven recorded earthquakes in Culberson and Reeves counties, near Guadalupe Mountains National Park.
U.S. drilling day rates end slide
U.S. drilling day rates appear to have turned the corner, moving higher in November across all the Enverus Day Rate Survey’s seven regions amid cautious optimism as 2024 approaches. The U.S. composite rate rose $58 to $23,679 from October after sliding $840 over the previous five months.
Williams expands natural gas operations in $2 billion deal
Williams announced that it has reached an agreement to acquire a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion.