Ascent Resources Utica Holdings, LLC reported a strong first quarter in 2024, with net production averaging 2.2 billion cubic feet equivalent per day and liquids production up 38% year-over-year.
ATCO Ltd. is planning to build a 200-kilometre natural gas pipeline along the Yellowhead Highway west of Edmonton to support a major net-zero petrochemical project near the Alberta capital, the utilities company announced Wednesday.
The North Dakota Industrial Commission approved a pilot project from XTO Energy to start enhanced oil recovery (EOR).
Total revenues and other sources amounted to $887.7 million, indicating strong business activity and demand for the company’s services.
Operational efficiencies led to faster well completion, significantly contributing to the increased production volumes.
The company achieved an 11% increase in average daily crude oil production to 151,794 barrels and a total average production of 319,514 barrels of oil equivalent per day. Financially, Permian Resources generated $648 million in net cash from operating activities and $324 million in adjusted free cash flow.
Williams reported strong first quarter financial results for 2024, with an adjusted net income of $719 million and an adjusted EBITDA of $1.934 billion, marking significant increases from the previous year.
Occidental’s operational excellence and strategic execution across all business segments. Vicki Hollub, President and CEO, is quoted highlighting the fundamental importance of operational excellence to Occidental’s success.
The US Lower 48 market showed a disappointing activity level, contrary to expectations of a moderate increase. The land rig count declined slightly, with the industry rig count remaining essentially flat during the first quarter.
Occidental Petroleum (OXY.N), is exploring a sale of a part of its operations in the Permian Basin that could fetch more than $1 billion for the energy producer, according to people familiar with the matter.
