Darren
Barbee
Oil and Gas Investor
Permian Activity in ‘Low-to-no-growth’ Mode for First Half
After multiple M&A moves in 2023 and continued E&P adherence to capital discipline, Permian Basin service company ProPetro sees the play holding steady.
Chord Buying Enerplus to Create a Bakken Behemoth
Chord Energy said Feb. 21 it will acquire Enerplus Corp. for nearly $4 billion in a stock-and-cash deal to potentially create the largest producer in the Williston Basin.
Total CEO: US LNG Shaky, Global Projects Brought into Spotlight
U.S. President Joe Biden’s decision to pause approvals for new U.S. LNG projects benefits similar projects around the world and casts doubt around U.S. supply, TotalEnergies’ Pouyanné told analysts during the company’s quarterly webcast.
Occidental Reports ‘Great Progress’ on Net-zero Pathway, DAC
Most of Occidental Petroleum’s planned $600 million investment in emerging low-carbon ventures for 2024 will go to direct air capture facility STRATOS, CEO Vicki Hollub says.
Occidental to Divest Some Permian Assets after Closing CrownRock Deal
Occidental CEO Vicki Hollub said plans to divest non-core Permian assets would come after closing the pending acquisition of CrownRock — but reports have since emerged that the company is considering selling its share of Western Midstream Partners, valued at about $20 billion, according to Reuters.
Chesapeake Slashing Drilling Activity, Output Amid Low NatGas Prices
With natural gas markets still oversupplied and commodity prices low, gas producer Chesapeake Energy plans to start cutting rigs and frac crews in March.
Benchmark Buys Revolution Resources’ Anadarko Assets in $145MM Deal
Benchmark Energy II is acquiring Revolution Resources just over four years after Revolution bought out Jones Energy Inc.’s Midcontinent portfolio.
Report: Occidental Eyes Sale of Western Midstream to Reduce Debt
Occidental is reportedly considering a sale of pipeline operator Western Midstream Partners as the E&P works to close a $12 billion deal in the Permian Basin.
E&P Highlights: Feb. 16, 2024
From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.
Marketed: Paloma Natural Gas Eagle Ford Shale Opportunity in Frio County, Texas
Paloma Natural Gas has retained EnergyNet for the sale of a Eagle Ford/ Buda opportunity in Frio County, Texas.