Cenovus has been piloting solvent co-injection technologies that have the potential to reduce the greenhouse gas (GHG) emissions of Cenovus oil sands operations.
Cenovus lower emissions with solvent co-injection
West Lake first-of-its-kind carbon-neutral transaction in the Lloydminster
West Lake will collaborate with the Prax Group to measure, reduce and mitigate greenhouse gas (“GHG”) emissions across West Lake’s value-chain to deliver these hydrocarbons with an operational “net zero” carbon impact.
Hawkwood Energy Announces Acquisition by WildFire Energy
Hawkwood Energy LLC (“Hawkwood”), an independent exploration and production company, announced today that is has entered into definitive agreements to be acquired by WildFire Energy I LLC (“WildFire”),
SilverBow Resources Inc.
SilverBow Resources Inc. Aaprominent player in South Texas capital guidance includes $100 million-$110 million with a strategy of reinvesting 70%-80% of cash flow.
EOG Resources 2021 Update
EOG expects to spend $3.7 billion-$4.1 billion this year to maintain oil production at 440,000 boe/d and complete approximately 500 net wells as it continues to increase shareholder value and returns with a focus on wells that generate a 60% rate of return at $40 oil in 2021
Continental Resources Inc. Powder River Basin Update
Continental Resources Inc. plans to maximize $215 million purchase of 130,000 net acres from Samson Resources II in the Powder River Basin, Oklahoma
Devon Energy Corp. WPX Energy Merger Update
Devon Energy Corp. has emerged as one of the Permian’s most prominent players after completing a “merger of equals” with WPX Energy in January get the latest update.
IEA is forecasting natural gas demand will increase 3.6 percent this year
The outlook sees Asia remaining the primary driver of global demand growth of natural gas, with China, India and emerging Asia together accounting for over half of the net increase in 2019-25
Patterson-UTI Energy to acquire Pioneer Energy Services in $295MM deal
Patterson-UTI Energy Inc. has entered into an agreement to acquire Pioneer Energy Services Corp. for approximately $295 million
Oil prices could top $100 a barrel
Oil prices could “very easily” hit $100 a barrel in the aftermath of the failed OPEC+ talks, former U.S. Energy Secretary Dan Brouillette told CNBC on Tuesday.