In 2023, majors Chevron and Exxon Mobil took four public names off the board—Pioneer Natural Resources, Denbury, PDC Energy and Hess Corp.— using all-equity takeout mechanisms with scant premiums.
Chord Energy appoints Susan Cunningham as independent chair of its board and Darrin Henke as executive vice president and COO of the company.
Following M&A in 2023, four companies are now positioned to control about 58% of future production in the Permian Basin.
At Hart Energy's 50th Anniversary Hall of Fame event, industry trailblazers Harold Hamm, Tom Petrie and Chris Wright gathered to discuss the state of the industry, the "shameless false marketing" of the energy transition, politics and oil and gas' next half-century.
Megadeals between Chevron and Hess and Exxon and Pioneer Natural Resources are under intensified scrutiny but the oil and gas firms say they will cooperate in the U.S. Federal Trade Commission’s “second request” for information.
California major Chevron Corp. is setting aside $6.5 billion to develop its U.S. shale portfolio next year, with the bulk of the spend allocated in the Permian Basin.
The beauty of the oil and gas field is well known by more than a century of wildcatters and oilfield-service professionals. Hart Energy shared it with the world, beginning in 1981.
With the continued success of its three-mile lateral wells, Williston Basin operator Chord Energy reported higher-than-expected production volumes in the third quarter and is exploring even longer horizontal drilling.
Chevron’s $53 billion acquisition of Hess Corp. will concentrate the California major even further in upstream oil and gas production—the part of its portfolio where Chevron sees the most future upside.
Energy Transfer’s merger-acquisition of Crestwood will strengthen the company’s position in Williston, Delaware and Powder River basins.