Midland-based Diamondback Energy said last week it joined Oil and Gas Methane Partnership 2.0, the flagship oil and gas reporting and mitigation program of United Nations’ environmental program. Travis Stice, chairman and CEO, said March 27, “As we work toward achieving our emission reduction targets, it’s paramount that we can rely on a framework that […]
U.S. rig count posts first quarterly decline since 2020Q3; Eddy now leads Permian
After two weeks of increases in Baker Hughes’ counts of active drilling rigs, the counts in Permian Basin, New Mexico and U.S. declined in the weekly report for March 31. And the U.S. count marked its first decline in a quarter since 2020Q3 after increasing for 9 consecutive quarters. As of March 31, there were […]
Ovintiv to acquire EnCap assets in Midland Basin for $4B to double its production
Denver-based Ovintiv confirmed Monday that it agreed to purchase substantially all leasehold interests and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources in Midland Basin in a cash-and-stock deal valued at $4.275 billion ($3.125 billion cash). The acquisition will add about 1,050 net well locations of 10,000 feet to Ovintiv’s […]
Double Fractions Demystified
Van Dyke v. Navigator Group[1] concerns a dispute that has lasted a decade, as well as an issue that, for multiple decades, has plagued energy practitioners and fueled countless mineral ownership lawsuits: “the ‘double-fraction’ dilemma.” This use of two fractions is typically found in mineral conveyances drafted in the first half of the twentieth century. […]
Double Eagle Deepens Investment
(BUSINESS WIRE) EnCap Investments L.P., Double Eagle Energy Holdings IV, LLC, and Tumbleweed Royalty IV, LLC announced Jan. 9 the successful equity commitment upsize and establishment of their RBL facility. The expansion of capital will provide for acceleration of Double Eagle’s core strategy of acquiring and developing top-tier, accretive drilling opportunities in the Permian Basin. […]
Q&A: Customizing Optimal Production Strategies for US Basins
The US land market is vast and complex, with hundreds of operators looking to overcome operational challenges as margins grow ever-tighter. SLB’s Chad Peterson, Managing Director for US Land, and Gbubemi Bafor, Division Manager of Digital & Integration for US Land, explain how Optimized E&P Solutions give independent US operators cost-effective access to powerful workflows […]
Charitable Group Celebrates 20th Year
Oilfield Helping Hands (OHH), a non-profit organization helping oilfield families in financial crisis due to no fault of their own, celebrates 20 years of providing support to industry families. Gene Pate, chairman of the board, OHH, said, “We are so pleased to celebrate 20 years of working together to make a difference across the oilfield. OHH is […]
Polyethylene Growth Expected
The production of fossil fuel-based polyethylene is expected to plateau in the early 2040s, according to the latest findings from the new IHS Markit Circular Plastics Service which provides a comprehensive, scenario-based road map of how the plastics value chain could transition from a linear to a circular economy. By conducting rigorous, scenario-based analyses of global, large-volume polymers, the […]
O&G Contract Values Climb
The COVID-19 pandemic has had a significant impact on the oil and gas industry, leading to a decline in demand and a drop in oil prices. However, the industry has been recovering since then, with oil prices gradually increasing and demand for energy returning to pre-pandemic levels. Consequently, the overall oil and gas industry contract […]
Riley Permian Announces NM Acquisition
Riley Exploration Permian, Inc., announced Feb. 28 that it has entered into a definitive purchase agreement to acquire oil and gas assets from Pecos Oil & Gas, LLC, an affiliate of Cibolo Energy Partners LLC, for cash consideration of $330 million. The acquisition will be funded through a combination of borrowings under the Company’s revolving credit […]
- « Previous Page
- 1
- …
- 125
- 126
- 127
- 128
- 129
- …
- 365
- Next Page »