Double Eagle has garnered almost $2 billion in equity commitments for its Double Eagle IV partnership which could bring upwards to 25,000 net acres under its ownership in the Permian Basin by year-end, CFO Joshua A. Gregg told attendees at Hart Energy’s annual Executive Oil Conference.
American Electric Power (AEP) Chief Sustainability Officer Sandra Nessing spoke with Hart Energy about the difference between CSR and ESG as well as the excitement around AEP’s incoming female CEO.
BP expects its production to slip slightly in the fourth quarter of 2022 but foresees a pricing environment that supports higher oil and gas realizations owing to Russian supply issues.
Colombia’s oil giant Ecopetrol is taking steps to decelerate plans related to two fracking pilots with Exxon Mobil owing to opposition from President Gustavo Petro but continues to eye low single-digit production growth next year amid positive results at home and in the Permian Basin.
France’s TotalEnergies SE said a ban on imports of Russian petroleum products will keep refining margins strong, while gas prices should remain robust amid Europe’s need to import LNG to replace Russian gas.
Brazil’s state-owned Petrobras looks to start up an FPSO unit this year ahead of schedule followed by four others in 2023 with combined capacity to produce 630,000 bbl/d.
Shell’s CEO and CFO remain optimistic about long-term demand for LNG while continuing to lead the conversations with governments about the energy crisis, windfall taxes and ways to still stimulate energy investments.
California-based Sempra looks to take final investment decision (FID) on its Port Arthur LNG project Phase 1 in Jefferson County in southeast Texas in the first quarter of 2023.
Exxon Mobil slashed its growth expectations for the Permian Basin this year to 20%, the company’s CFO announced during Exxon’s third-quarter earnings call.
Companies with global influence and interests control more than half the acreage in the Permian Basin. Here is a rundown of the major player’s operations in the Permian including acreage, production and near-term plans.
