With the effects of Canada’s rail strike up in the air, the newly opened Trans Mountain Pipeline offers an alternative route for crude headed south.
Chevron aims to grow Permian volumes past 1 MMboe/d in 2025—less than a decade after it averaged less than 100,000 boe/d from legacy holdings in West Texas and New Mexico, Chevron CEO Mike Wirth said.
The decision will enable the industry to challenge an array of federal regulatory actions.
At the EnerCom Denver conference, an APA Corp. executive didn’t address reports that APA was shopping up to $1 billion in Permian Basin assets, but he said the company is looking to shed $2 billion in term loans associated with its purchase of Callon Petroleum.
Civitas Resources poured billions of dollars into Permian M&A, but the company still sees room to run in its foundational portfolio in Colorado.
APA Corp. is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion.
For the upcoming week, Stratas Advisors are expecting that oil prices will move sideways with the positive factors being offset by the negative factors.
Loaded with cash, Saudi oil powerhouse Aramco has embarked on a net-zero quest.
Diversified will pay $106 million for the natural gas assets through the issuance of 2.24 million new shares and $71 million cash.
Crude prices will strengthen through 2024 before falling in 2025 due to lower liquid fuels consumption, particularly in China, the U.S. Energy Information Administration reported.