BPX Energy CEO Kyle Koontz discusses the company’s role as the “nimble entrepreneurial” arm of supermajor BP in the Permian Basin and Haynesville and Eagle Ford shales.
What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?
Formation Minerals purchased Haynesville Shale interests on acreage operated by Aethon Energy Management.
While U.S. E&Ps squabble for pieces of the Permian Basin, international energy giants are all-in on the Eagle Ford Shale in South Texas.
Refracs and other redevelopment projects might not be needle-moving growth drivers—but they’re becoming more common for E&Ps levered in maturing plays like the Eagle Ford and Bakken, experts discussed at URTeC 2024.
Aramco looks to offtake LNG from NextDecade Corp.’s Rio Grande LNG Train 4 in Brownville, Texas. A move that will source feed-gas from the Permian and Eagle Ford.
The Permian Basin will drive U.S. oil production growth for the foreseeable future, according to the U.S. Energy Information Administration. But Permian associated gas growth continues to pressure the natural gas industry.
Excess Energy has retained EnergyNet for the sale of a Austin Chalk and Eagle Ford Shale, 207 well package in La Salle and Webb counties, Texas.
SilverBow Resources, ConocoPhillips and Devon are among E&Ps seeing positive results from restimulating mature Eagle Ford wells, although no operator is sold on the idea.
ConocoPhillips and Marathon Oil—which both trace their roots to the breakup of John D. Rockefeller’s Standard Oil Trust more than a century ago—are combining in a $22.5 billion deal.