Rigs targeting both crude and natural gas in the West Texas and southeast New Mexico region declined by 7 to 320 this week, according to data released Friday by Baker Hughes Co. It’s the biggest weekly drop in the Permian since June 2020.
Oil production in New Mexico hit a record high in a recent 12-month period, according to state economists, with even steeper heights expected in the coming years.
Crescent Point has agreed to sell its North Dakota assets to a private operator for US$500 million (approximately $675 million) in cash.
Last week BKV was approved by the Texas Commission on Environmental Quality (TCEQ) approved permit #RN111773610 for the construction of a “BARNETT ZERO CO2 COMPRESSOR STATION” to be built in Wise, CountyTX.
approved by the Railroad Commission of Texas (RRC) (Permit#10045) for the addition of 247 miles on new pipeline in the Eagle Ford.
As part of its second-quarter earnings report last week, Canadian Natural Resources (CNRL) updated investors on its plans for organic production growth out of its oil sands assets.
Texas–Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) and Earthstone Energy, Inc. (“Earthstone Energy” or “Earthstone”) (NYSE: ESTE) today announced that they have entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt.
Midland, Martin and Howard counties were the top-three producing counties in the state in April, according to the Railroad Commission of Texas.
North Dakota, the nation’s third-largest petroleum producer after Texas and New Mexico, pumped 1.17 million barrels of oil a day in June, its highest monthly output since December 2020, state data shows.
Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the parties have entered into a definitive merger agreement pursuant to which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion
