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.
Matador’s record production of over 135,000 barrels of oil equivalent (“BOE”) per day during the third quarter of 2023 was driven in part by the 21 Margarita wells that were acquired in connection with the purchase of Advance in April 2023.
The USDA on Nov. 1 awarded $145 million in loans and grants to 700 projects under the agency’s Rural Energy for America Program. Several biogas and bioenergy projects are among those selected for REAP awards.
Oil production in the Permian has grown over the past four months and will continue growing until the end of the year.
