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Analysts: Long Canadian Rail Strike Could Exponentially Affect US NGLs, Crude
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.
Mike Wirth: The ‘Remarkable’ Rise Of Chevron’s Permian Portfolio
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.
Belcher: How Overturning the Chevron Deference Will Impact Energy Regs
The decision will enable the industry to challenge an array of federal regulatory actions.
APA Executive: After Recent Divestitures, ‘More to Come’
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: 4-mile Colorado Laterals A ‘Competitive Edge’ in D-J Basin
Civitas Resources poured billions of dollars into Permian M&A, but the company still sees room to run in its foundational portfolio in Colorado.
Oil Producer APA Explores $1B Sale of Permian Assets, Sources Say
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.
What's Affecting Oil Prices This Week? (Aug. 19, 2024)
For the upcoming week, Stratas Advisors are expecting that oil prices will move sideways with the positive factors being offset by the negative factors.
Pitts: LNG Sector, Beware! Aramco is Coming
Loaded with cash, Saudi oil powerhouse Aramco has embarked on a net-zero quest.
Diversified Energy Closes on 170,000-acre Deal in East Texas
Diversified will pay $106 million for the natural gas assets through the issuance of 2.24 million new shares and $71 million cash.
EIA: Natural Gas Prices to Increase in November
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.