Craig
Fleming
Hart Energy
Genesis Energy: First Oil at GoM Field Pushed Back to 2Q 2025
Genesis Energy’s is awaiting a floating production vessel to connect its SYNC pipeline in the Gulf of Mexico to the delayed Shenandoah deepwater project.
Dividends Declared in the Week of Aug. 2
Here is a selection of dividends declared for the week of Aug. 2 for a selection of upstream, midstream and service & supply companies.
US Drillers Cut Oil, Gas Rigs for First Time in Three weeks
The oil and gas rig count, an early indicator of future output, fell by three to 586 in the week to Aug. 2. Baker Hughes said that puts the total rig count down 73, or 11%, below this time last year.
Delek to Sell Retail Business to FEMSA for $385MM
Delek US Holdings will sell its subsidiary, Delek US Retail, to Mexico conglomerate FEMSA in a bid to unlock value, Delek’s CEO said.
Occidental Closes $12 Billion Acquisition of CrownRock
Occidental has already started the process of reducing debt incurred through its acquisition of CrownRock LP with an $817 million sale in late July of Delaware Basin assets to Permian Resources.
APA Ratchets Up Permian Activity to Stoke US Oil Growth
APA Corp. expects an 8% uptick in its U.S. oil production in fourth-quarter 2024 compared to second-quarter 2024 as the company continues to connect more wells in the Permian Basin.
Ovintiv to Boost 2024 Free Cash Flow to Nearly $2B
Ovintiv management reported its on track to generate $1.9 billion in 2024 free cash flow but skirted a question about the company’s possible pursuit of Midland Basin E&P Double Eagle.
Apollo Closes $1.85B Take-private Acquisition of U.S. Silica
Following Apollo’s acquisition of U.S. Silica, the company will be led by current management and CEO Bryan Shinn.
Viaro Energy to Buy Shell, Exxon’s North Sea Assets
When the transaction is completed, Viaro Energy will control 11 fields that produced 28,000 boe/d in 2023, 5% of the U.K.'s total gas production.
Comstock, Aethon’s 17 Western Haynesville Wildcats Make 112 Bcf to Date
Comstock Resources and Aethon Energy each added one well to Texas state production data on the new western Haynesville play, dubbed ‘The Waynesville.’ The oldest has surfaced 2.1 Bcf per 1,000 lateral ft to date.