ConocoPhillips (NYSE) is a top undervalued energy stock, noted for its strategic $17.1 billion acquisition of Marathon Oil and strong financial projections, including a projected $18 billion in free cash flow next year.
The debate over produced water in New Mexico highlights a critical balance between utilizing a potential resource and protecting public health and the environment.
Pembina Pipeline Corp. plans to make its final investment decision for the proposed Cedar LNG floating gas-export project in British Columbia within two weeks, according to people familiar with the matter.
Brazos Midstream was issued a pipeline addition permit of 55 additional miles in in Glasscock and Reagan counties by the The Railroad Commission of Texas. The permit number is #10517.
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas (the “Ameredev Acquisition”).
Diamondback Energy’s FANG joint venture (JV) with Five Point Energy LLC, Deep Blue Midland Basin, has acquired the water infrastructure assets from Lagoon Operating Midland. The acquisition underscores the JV’s commitment to sustainable water management practices at the heart of the Midland Basin. The financial details of the transaction have not been disclosed.
quick overview of important breaking energy news for june 10 2024
Chevron’s factory model approach, involving drilling multiple wells from a single pad, has significantly increased efficiency and reduced costs. Looking ahead, Chevron aims to enhance secondary recovery techniques to further boost production, continuing the trend of innovation in shale development.
WildFire Energy I LLC has significantly expanded its presence in the East Texas Eagle Ford by acquiring approximately 16,000 net acres of leasehold and 58 operated wells from an undisclosed seller.
According to Rystad Energy’s analysis, six firms – ExxonMobil, Chevron, Diamondback (including Endeavor), ConocoPhillips (even before Marathon), Oxy (including CrownRock) and EOG – control about 62% of remaining net tight oil resources in the basin.
