LM has begun constructing multiple new compressor stations and approximately 70 miles of new, large-diameter, low-and-high-pressure gas pipelines, including a 27-mile, 20-inch high-pressure pipeline that will connect the company’s existing Touchdown gas gathering system to multiple gas processing facilities near Loving,
Exxon Mobil Corp. is facing renewed criticism from environment-focused investors for not meeting its climate-related commitments. This annual contention has gained more intensity ahead of the company’s shareholder meeting on May 29, especially after Exxon sued climate-focused groups Arjuna Capital LLC and the nonprofit.
Kinetik has entered into an agreement to acquire Durango Permian LLC, expanding its footprint in Eddy and Lea Counties, New Mexico.
Matador’s drilling inventory with 406 gross drillable locations. They also own midstream assets, like pipelines and a saltwater disposal well, which could provide additional value to Matador’s operations.
In 2024, EOG plans to allocate a significant portion of its capital expenditure, about $4.2 billion, to drilling and exploration activities across its assets, with a substantial focus on the Delaware Basin. This investment is part of a broader $6.0 to $6.4 billion total expenditure plan for the year, which also includes environmental and infrastructure projects.
Matador Resources Company reported strong Q1 2024 results, with a net income of $193.7 million and an adjusted EBITDA of $505.4 million, exceeding expectations.
Unit Corporation’s contract drilling segment remained relatively stable during the first quarter of 2024 compared to the same period in 2023. The company’s BOSS rigs availability remained unchanged, with 14 rigs available at the end of both periods.
The Permian Basin, particularly its Southern Delaware position, played a significant role in Vital Energy’s first-quarter success. Results in this area exceeded industry standards, showcasing the company’s ability to drive sustainable gains in well productivity and lower capital costs.
Ovintiv Inc. posted strong financial results for the first quarter of 2024, with net earnings of $338 million and robust cash flow of $1,035 million.
Mike Wirth, Chevron’s CEO, discussed in a resent interview the robust and growing global demand for oil, driven by economic expansion in key regions like the U.S., China, and Europe.
