Devon Energy’s 10-K filing reveals a deep concern over the Biden administration’s policies toward oil and gas. The company points out the administration’s push to move away from fossil fuels and impose stricter environmental regulations, foreseeing increased operating costs and potential restrictions on its operations.
The New Mexico Environment Department imposed a fine of $24.5 million on Ameredev II, LLC, which is the largest fine ever issued by the department for a civil oil and gas violation.
CNX has focused on enhancing drilling efficiencies and reducing costs. They have successfully implemented proprietary technology to automate the gas flowback process, which is significant for high pressure, high-rate wells. This technology helps reduce costs and emissions.
The USACE application for the proposed project includes two natural gas liquefaction trains capable of producing approximately 600,000 gallons per day of LNG; two 3-million-gallon full containment LNG storage tanks; natural gas liquids and refrigerant storage; feed gas pre-treatment facilities; a bunker vessel loading berth and associated marine and loading facilities.
In West Texas, companies like Texas Pacific Water Resources are proposing to treat and discharge oilfield wastewater, known as “produced water,” into the Pecos River instead of using traditional underground injection methods.
Exxon recorded earnings of $8.2 billion, a decrease from $11.4 billion in the first quarter of 2023. This was largely due to lower industry refining margins and natural gas prices.
Exxon Mobil Corp. expects U.S. antitrust regulators to approve its $60 billion acquisition of Pioneer Natural Resources Co. by the end of June despite increased government scrutiny of corporate mergers.
Chevron Corporation reported a decrease in first quarter 2024 earnings to $5.5 billion from $6.6 billion the previous year, attributed to lower margins on refined products and natural gas realizations.
Helmerich & Payne, Inc. (NYSE: HP) reported a fiscal second quarter net income of $85 million, or $0.84 per diluted share, on operating revenues of $688 million.
Exxon ecently took delivery of 10 brand-new all-electric pickup trucks for use in our Permian Basin oil and natural gas operations.
