Whiting Petroleum Corp., an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum Corp., two people familiar with the matter told Reuters.
A deal would increase Whiting's acreage in the second-largest U.S. shale field by output and spread its overhead costs over greater production, according to one of the people, who spoke on the condition of anonymity as the talks are not yet public.
Recommended Reading
Baker Hughes, SOCAR Partner to Limit Flaring at Azerbaijan Oil Refinery
2024-11-14 - Baker Hughes and SOCAR expect to recover flare gas equivalent up to 7 million normal cu. m of methane per year and further reduce CO2 emissions by up to 11,000 tons per year.
Don’t Get Distracted by Emissions Politics, Energy Executives Say
2024-11-20 - Eyeing profit with a keep-it-in-the-pipe mentality, executives’ thoughts are on lowering emissions, getting premiums and producing compliance-ready molecules for the EU.
Cheniere: GHG Emissions Less Than Government Estimate
2024-11-12 - A report from Cheniere Energy found its supply chain to have fewer emissions than what the Department of Energy reported in 2019.
Kimmeridge, Commonwealth LNG Seeking MiQ Certification
2024-11-01 - The guidance provided by MiQ will support Kimmeridge’s initiative to deliver “wellhead-to-water” gas that is net-zero on Scope 1 and 2 greenhouse-gas emissions.
WoodMac Sees Lighter Hand on Emissions, Departure From Paris Under Trump
2024-11-19 - Much of the Inflation Reduction Act is likely to remain in place, forecasting firm Wood Makenzie says.