List of top 25 oil & gas companies.
25 Most Valuable Oil Companies in the World
Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to Merge to Create a Premier Permian Independent Oil and Gas Company
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and Endeavor Energy Resources, L.P. (“Endeavor”), today announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge
Permian oil production to hit fresh record in 2024
Production from the basin is set to reach 6.4 MMbpd at the end of this year, up from 6.1 MMbpd at the end of 2023, Plains All American Pipeline LP said in its fourth-quarter earnings presentation.
Devon interested in acquiring Canadian-based Enerplus
Reports suggest Devon is in talks with Canadian-based Enerplus and made an acquisition offer. Devon declined comment. Enerplus did not immediately respond to a request for a comment reported Reuters.
ConocoPhillips Q4 beats profit views on higher output
Conoco U.S. oil firms are reporting higher-than-expected oil production in the country’s main shale basin, with Chevron Corp surprising analysts last week and Exxon Mobil also expanding its U.S. production.
Apache use oilfield technology advances exponentially
“At Apache, we focus on delivering top operational performance,” an Apache spokeswoman said from Houston. “Over the last three years we have made significant strides to more efficiently and responsibly extract hydrocarbons including the elimination of routine flaring across U.S. onshore operations.
Chevron is targeting 1 million b/d from the Permian basin by 2025
Chairman and chief executive officer Mike Wirth and his team are forecasting that California-based Chevron will exit this year with Permian production of about 900,000 boe/d, a figure projected to grow to 1 million boe/d in 2025. Driving that “strong momentum,” they said, is work to build the company’s inventory of drilled-but-uncompleted (DUC) wells and the planned addition of a fourth fracturing crew to go with its 12 rigs in the basin.
Eagle Ford’s Core can still achieve sub-$45/bbl breakeven
Despite significant development to date, energy companies drilling in the Eagle Ford’s Core can still achieve sub-$45/bbl breakeven at 20 or more wells per section.
Texas Oil, Gas Employs Almost 500,000 People
In 2023, the Texas oil and natural gas industry employed 480,176 people, according to the Texas Oil & Gas Association’s (TXOGA) 2023 annual energy and economic impact report, which was released recently.
Another record-setting year for oil production in Alberta
Oil production in Alberta rose to 3.82 million barrels per day in 2023 to set a new annual record.
