EON Resources Inc. will acquire Permian overriding royalty interests in a cash-and-equity deal with Pogo Royalty LLC, which has agreed to reduce certain liabilities and obligations owed to it by EON.
BP’s shale segment, BPX Energy, is seeing EUR uplifts from Eagle Ford refracs “we didn’t really predict in shale,” CEO Murray Auchincloss told investors in fourth-quarter earnings.
Textor was first elected a director of EOG Resources in 2001, where his counsel played a key role in EOG’s growth, Chairman and CEO Ezra Y. Yacob said in a press release.
Trump’s move to impose tariffs on allies and political adversaries alike comes in an effort to protect U.S. national security interest and leverage America’s economic position.
Chevron now has operatorship and 80% participating interest in Petroleum Exploration License 82 offshore Namibia.
Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
(Reuters) – U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short-Term Energy Outlook report. U.S. President Donald Trump has vowed to maximize U.S. oil production even as energy executives have held steadfast on prioritizing capital discipline over …
(Reuters) – U.S. power consumption will rise to record highs in 2025 and 2026, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday. With growing demand from data centers dedicated to artificial intelligence and cryptocurrency and with homes and businesses using more electricity for heat and transportation, EIA projected power …
US Power Use to Reach Record Highs in 2025 and 2026, EIA Says Read More »
(Reuters) – U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.1 billion cubic feet per day (bcfd) in 2024 to 104.6 bcfd in 2025 and 107.3 …
US NatGas Output and Demand to Hit Record Highs in 2025, EIA Says Read More »
(Reuters) – Top oilfield services provider SLB is reorganizing certain functions within its business and continuing to reduce its workforce, according to a source familiar with the matter and an internal email seen by Reuters. As part of its reorganization, SLB will create a new performance function, led by a new chief performance officer, it …
Oilfield Services Company SLB Reorganizes, Expects More Job Cuts, Source Says Read More »
