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.
Mach Natural Resources divested Western Anadarko acreage after making an $815 million acquisition from Paloma Partners IV last year.
Berry Corp., which has a large footprint in California’s San Joaquin Basin, might be more excited about deals and drilling near its Uinta Basin acreage.