Ecopetrol in Discussions with Oxy to Buy $3.6B Stake in CrownRock
Occidental Petroleum is in talks with joint venture partner Ecopetrol SA to acquire a 30% stake in CrownRock LP for approximately $3.6 billion, according to regulatory filings.
Beyond the Horizon: Exploring the Permian’s Longest Laterals
Horizontally drilled lateral wells are all the rage in the Permian Basin. Let’s take a look at the 10 longest wells drilled in the Basin.
EOG Resources Wildcatting Pearsall in Western Eagle Ford Stepout
EOG Resources spud the well June 25 in Burns Ranch with rights to the Pearsall well about 4,000 ft below the Eagle Ford, according to myriad sources.
Occidental Clears FTC Scrutiny to Close $12B CrownRock Deal
The waiting period for Occidental’s $12 billion acquisition of CrownRock LP under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, clearing the way for the deal to close next month.
Crescent, SilverBow Expect Eagle Ford Merger to Close July 30
Crescent Energy and SilverBow Resources expect their combination in the Eagle Ford Shale to close July 30.
New Wells Underway: Private E&Ps Pulled 40% of US Permits in May
Private E&Ps are keeping pace with public operators in taking permits for new-drill horizontals across the Lower 48, according to a research report.
E&P Highlights: July 15, 2024
Here’s a roundup of the latest E&P headlines, including Freeport LNG’s restart after Hurricane Beryl and ADNOC’s deployment of AI-powered tech at its offshore fields.
Vista CEO: Bidding for Exxon’s Vaca Muerta Assets ‘Very Competitive’
Vista Energy, one of the largest producers in Argentina’s Vaca Muerta shale field, aims to get bigger through Exxon Mobil assets reportedly being shopped for $1 billion.
Goodbye Manual Control: Vital Energy’s Automation Program Boosts Production
Production, ESP efficiency soared when the company automated decisions with AI at the edge.
NatGas A&D Warms Up as BKV Sells Marcellus Assets for $132MM
Natural gas M&A may be heating up as Barnett Shale-focused E&P BKV Corp. sold interests in gassy northeast Pennsylvania properties for nearly $132 million, according to regulatory filings.