Chord Energy announces more divestitures and showcases results of longer laterals, which produce a third more than two-mile wells, CEO Daniel Brown said.
Hess Corporation raised its 2023 production forecast by 4.7% due to strong operational performance as well as the expected early fourth quarter startup of Payara, its third development offshore Guyana.
Marathon Oil’s $0.10 per share quarterly dividend is payable to stockholders on Sept. 11.
Oil and gas production is slated to fall in regions across the nation in August, including the Permian Basin, according to new EIA figures.
The U.S. and Canada were the biggest drivers of non-OPEC+ supply with the Permian Basin, Eagle Ford Shale and the Bakken drove U.S. NGL production to a record high in April, the IEA said.
Crystal Equity Energy LLC and CEE II LLC have retained RedOaks Energy Advisors as the exclusive advisor in connection with the sale of certain non-operated working interest properties and an equity interest in a midstream entity located in the Williston Basin.
U.S. oil producer Hess Corp. expects an increase in cash flow of 25% per year for the next five years, with oil remaining about $75 per barrel, CEO John Hess told an investor conference on June 25.
The oil and gas rig count fell for the eighth week in a row to 682.
Houston’s Riverbend Energy Group said it acquired non-operated Williston Basin assets nearly a year after exiting the basin in a $1.8 billion deal.
Ovintiv closed its previously announced $4.2 billion Midland Basin acquisition adjacent to its current operations in the Permian, as well as the sale of the entirety of its Bakken position, the company said on June 12