Marathon Oil Expects ‘Mass Layoff’ After ConocoPhillips Deal Closes
Marathon Oil’s merger with ConocoPhillips, which is to close by year-end, will trigger a layoff of more than 500 Houston employees, according to a state regulatory filing.
KKR, Solar Developer Birch Creek Close $150MM Credit Facility
KKR will provide a $150 million credit facility with Birch Creek Energy, which owns 160 megawatts of power projects, with more expected in place by year-end 2024.
First Solar’s Profit Rises Despite Chinese Dumping, Patent Disputes
First Solar executives said Chinese dumping and alleged patent infringements are among concerns for the solar panel maker.
Exxon Mobil to Sell Vaca Muerta Assets in Argentina to Pluspetrol
Exxon Mobil is divesting some assets, including plans to divest some of its Bakken holdings, following its $60 billion acquisition of Pioneer Natural Resources.
NatGas Powerhouse EQT Reaches Net Zero Feat Ahead of Schedule
EQT says it lowered Scope 1 and Scope 2 greenhouse gas emissions by more than 900,000 tons.
Expand ‘Having Tons of Conversations’ to Power Data Centers with Gas
Expand Energy, the largest U.S. gas producer, has some 1 Bcf/d of supply behind pipe that it can turn online when gas markets stabilize, though executives said Oct. 30 it might not be needed for some time.
EQT Flexes Midstream Muscles in 3Q After Equitrans Acquisition
Natural gas producer EQT Corp. says it has far more flexibility to respond to market prices following its acquisition of Equitrans Midstream.
Hess Goes Forth in Bakken with Chevron Deal Entangled in Dispute
Waiting to close a $55 billion sale to Chevron, Hess Corp. plans to continue running four rigs in the North Dakota Bakken shale play through the fourth quarter.
Report: ConocoPhillips Shopping Delaware Basin Assets for $1B Sale
ConocoPhillips has laid out a $2 billion divestiture campaign to reduce debt from a blockbuster acquisition of Marathon Oil.
Matador’s U-lateral Delaware Tests Outproduce 2-mile Straight Holes
Matador Resources' results from eight Loving County, Texas, tests include two 2-mile U-turn laterals, five 2-mile straight laterals and one 1-mile straight lateral, according to state data.