According to Trio Petroleum Corp., the prospect is fully leased and permitting for an exploration well is in an advanced stage.
In this week's A&D Minute, Bloomberg Intelligence's Fernando Valle weighs in on the M&A frenzy following Chevron's $53 billion deal with Hess and what this might mean for the oil and gas industry.
Knox Resources LLC retained EnergyNet for the sale of a WI participation option in the prairie well package in Garvin County, Oklahoma.
GST Trust et al has retained EnergyNet for the sale of non-producing minerals subject to lease in the Haynesville Shale/ Bossier Opportunity in Shelby County, Texas.
GridExchange encourages consumers to transition to distributed energy sources including solar panels, battery storage and EVs.
Following Exxon Mobil’s nearly $60 billion deal to buy Pioneer Natural Resources, pipeline companies await consolidation and potential production boosts.
Shell Gas will remain the largest private shareholder of Oman LNG with 30% ownership.
U.S. supermajor Chevron Corp. is acquiring Hess Corp. in a $53 billion megadeal—less than two weeks after Exxon Mobil unveiled a nearly $60 billion Permian Basin acquisition. And experts think the historic run of oil patch consolidation is far from over.
U.K.-based Corio Generation and New York-based Rise Light & Power jointly purchased stakes in the project for $420 million.
The acquisition is the second such mega deal for U.S. energy consolidation this month, following the almost $60 billion acquisition by Exxon Mobil of Pioneer Natural Resources.