On 11 January 2024 Chesapeake Energy announced it would be combining with Southwestern Energy. This long-rumoured deal in some ways parallels ExxonMobil’s recent blockbuster purchase of Pioneer, and creates a US$24 billion company that will be the biggest player in US shale gas.
Chevron delivered a record 867,000 barrels per day (bpd) in the fourth quarter and, after a first-half dip in output, aims to pump about 900,000 bpd by year-end and reach 1 million bpd by 2025.
Exxon’s earnings in the latest quarter still beat estimates and Woods signalled optimism about the coming year. He raised Exxon’s spending target after boosting capital spending in the most recent quarter by 4 per cent from a year ago.
FORT WORTH, Texas, Feb. 1, 2024 /PRNewswire/ — U.S. Energy Development Corporation (U.S. Energy), an exploration and production (E&P) company focused on the development of energy projects throughout North America, today announced the results of its 2023 asset acquisition efforts and its plans for strategic growth in 2024. Oil & Gas Data Download U. S. Energy…
Silver Hill Energy Partners, LP announced today that it has signed definitive agreements with Liberty Resources II, LLC, a privately-held, Denver-based oil and gas company, to acquire Liberty’s interests in oil and gas properties, rights and related assets in North Dakota and 100% of Liberty Midstream Solutions, LLC, a midstream oil and gas company with gas gathering, gas processing and produced water logistics assets in North Dakota.
For the full year 2023, net income attributable to MPC was $9.7 billion, or $23.63 per diluted share, compared with net income attributable to MPC of $14.5 billion, or $28.12 per diluted share for the full year 2022. Adjusted net income was $9.7 billion, or $23.63 per diluted share for the full year 2023. This compares to adjusted net income of $13.5 billion, or $26.16 per diluted share for the full year 2022. Adjustments are shown in the accompanying release tables.
Nearly 600 wells are under contract to be plugged this year with the assistance of federal funds. Plugging orders have been issued for nearly 1,900 other abandoned wells.
SM Energy Company Production for the full year 2023 was 55.5 MMBoe or 152.0 MBoe/d, up 5% from 2022. Fourth quarter production was 14.1 MMBoe, or 153.5 MBoe/d, at 43% oil, which exceeded the high end of guidance.
Murphy Oil announced its financial and operating results for the fourth quarter ended December 31, 2023, including net income attributable to Murphy of $116 million, or $0.75 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $140…
The favorable economics and low nitrogen content of natural gas produced in the Eagle Ford Shale will drive strong production growth in the basin out to 2030 to meet rising demand from LNG terminals, Sital Mody, Kinder Morgan’s natural gas president, told investors Jan. 24.
