Magnolia Adds 18K Acres to Giddings Core With $40MM M&A
Magnolia Oil & Gas added roughly 18,000 net acres in the Giddings Field in June and July through small transactions with private operators totaling approximately $40 million.
Magnolia Oil & Gas added roughly 18,000 net acres in the Giddings Field in June and July through small transactions with private operators totaling approximately $40 million.
Weatherford International Plc has been selected to deliver managed pressure drilling services for the Trion deepwater project offshore Mexico.
Linde’s facility near Beaumont is one of only three helium storage caverns globally.
Expand Energy reports a second-quarter increase in production along with a decrease in capex.
Growth may take shape organically or via M&A, but it’s likely coming to the Rockies’ PureWest Energy, which is “actively seeking opportunities,” PureWest COO Kristel Franklin told Hart Energy.
Initial work includes road and site development to optimize production from existing oil wells and prepare for future drilling activity, said Surya Oil & Gas Corp.
Five Point Infrastructure is in talks to sell Delaware Basin midstream assets to MPLX for over $2 billion, Bloomberg News reported.
WhiteWater’s Pelican Pipeline will supply the growing LNG corridor along the Gulf Coast.
Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision said on July 30, adding that no money from oil proceeds can be transferred in any way to the administration of Venezuelan President Nicolas Maduro.
Japan, Vietnam, Malaysia have stepped up for U.S. LNG imports, but China, the world’s largest customer, will be back, experts say.