Chris
Mathews
Hart Energy
Sources say BP Exploring JVs in US Shale; Interim CEO Denies ‘Rumors’
Interim BP CEO Murray Auchincloss told Reuters on Oct. 31 that rumors about the company’s shale business are “not true,” and that the London-based supermajor has all the U.S. resources it needs.
Crestwood Unitholders Approve $7.1B Energy Transfer Merger
Energy Transfer’s merger-acquisition of Crestwood will strengthen the company’s position in Williston, Delaware and Powder River basins.
Exxon Seeks Drilling Efficiencies, Lower Costs on Pioneer’s Midland Acreage
Exxon Mobil has fine-tuned a cube development strategy on its lower-quality Midland Basin acreage. The supermajor sees nothing but upside from deploying its strategy on Pioneer Natural Resources’ premier Midland position.
First Batch of North Sea Oil Licenses Announced
Of the 115 applications for the North Sea Transition Authority’s licenses, 27 licenses were prioritized because they have the potential to begin production more quickly than others.
TC Energy Reportedly Exploring Sale of Pipeline Interests Worth Billions
The company is working on the sale of a minority stake in ANR Pipeline, with an estimated enterprise value of about $3 billion, as well as a minority stake in its Mexican operation and stakes in Portland Natural Gas Transmission System and the Millennium Pipeline, Bloomberg News reported.
Exxon, Chevron Earnings Slump from Record Profits Last Year
Third-quarter profits for both Exxon Mobil and Chevron were down significantly from the same quarter last year, when the U.S. majors raked in record earnings after Russia’s invasion of Ukraine.
Matador ‘Encouraged’ as Delaware Horseshoe Wells Lower Drilling Costs
Matador Resources reported promising results—and lower drilling costs—from its first batch of U-shaped “horseshoe” wells in the Permian Basin.
ConocoPhillips Weighs Bid for Permian's CrownRock to Challenge Rivals
Houston-based Conoco, the largest U.S. oil and gas producer after Exxon Mobil Corp. and Chevron Corp., expressed interest in participating in the sale process for privately held CrownRock, which is valued at between $10 billion and $15 billion, sources said.
Which Assets Will Chevron Shop After $53B Hess Deal?
Chevron is entering the Bakken Shale play in a big way through its $53 billion acquisition of Hess Corp. After closing, will the supermajor be in North Dakota to stay?
Northern Oil and Gas A&D Gains Traction through Permian ‘Ground Game’
Northern Oil and Gas picked up more wells and acreage in the third quarter and upped its capex as, so far this year, the company cobbled together nearly 30 net locations through 31 transactions.