Occidental Petroleum Corp. has signed a deal to buy Canadian company Carbon Engineering Ltd. for US$1.1 billion.
Occidental signs deal to buy Carbon Engineering for US$1.1 billion
Vaquero Midstream buys Chevron assets in ECTOR & ANDREWS Counties
Vaquero Midstream is an independent, large-scale rich gas gathering and processing business that traverses the core of the Southern Delaware Basin buys facilities from Chevron
CHESAPEAKE ANNOUNCES SALE OF FINAL EAGLE FORD PACKAGE FOR $700 MILLION
Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. (NYSE:SBOW) for $700 million, bringing the total proceeds from its Eagle Ford exit to more than $3.5 billion.
Continental Resources reports 1,800 barrel production off two Ratliff City wells
Southern Oklahoma exploration by Continental Resources paid off earlier this year with a two-well, single-pad effort that resulted in 1,800 barrels of oil a day.
Occidental Petroleum Win DOE Grant for $1.2 billion Carbon Capture Project
The DOE said it will spend up to $1.2 billion on the development of two commercial-scale direct air capture (DAC) facilities in Texas and Louisiana. The South Texas DAC Hub in Kleberg County, Tex. will be handled by Occidental’s subsidiary, 1PointFive, and its partners.
Permian Resources Announces Q2 2023 Results
Permian Resources had a strong operational and financial quarter, driven by robust well results across both Texas and New Mexico.
Earthquake in Oklahoma results in temporary shutdown of completion of Paloma Resources well
A small earthquake early Thursday morning near Union City in Canadian county resulted in state regulators enforcing their earthquake mitigation plan and the temporary shutdown of a well completion process.
Vital Energy Reports Q2 2023 Financial and Operating Results
Vital Energy expects to operate three drilling rigs and approximately 1.7 completions crews across the Company’s Midland and Delaware basin assets in 2024. The Company expects to complete and TIL 70 – 75 gross (58 – 62 net) wells in 2024, a slight increase versus 2023.
First-quarter capital spending by public U.S. oil companies up, cash from operations down
Financial results for 40 publicly traded U.S. oil exploration and production (E&P) companies show capital expenditure in the first quarter of 2023 increased from the fourth quarter of 2022
Coterra Tentatively Plans to Drop $200M/Yr from Marcellus Budget
During a conference call with analysts, company management floated a potential plan to free up around $200 million from Marcellus operations in 2024 and reallocate it to other plays (the Permian or the Anadarko) by continuing to run just two rigs and one frac crew in the Marcellus.
