Occidental Petroleum is exploring a sale of a part of its operations in the Permian Basin that could fetch more than $1 billion for the energy producer, according to people familiar with the matter. The company’s divestment effort is linked to Occidental’s broader plan to slash its debt, which stood at $18.5 billion at the …
Occidental Explores Sale of Permian Assets Worth Over $1 Billion Read More »
Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Texon, a midstream service provider, will continue operations under its legacy brand.
With earnings season in full swing, upstream and midstream companies are declaring quarterly dividends. Here is a selection of dividends announced in the past week.
In the LNG exporting space, the U.S. is squaring off with its fiercest competitor, Qatar, with both countries expected to outpace Australia
May 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of …
US Oil and Gas Rig Count Falls to Lowest Since January 2022 – Baker Hughes Read More »
Here is a look at some of this week’s renewable energy news, including a 10.5-gigawatt power purchase agreement between Brookfield and Microsoft.
The oil and gas rig count, an early indicator of future output, fell by eight to 605 in the week to May 3, in the biggest weekly decline since September 2023.
Targa Resources says different projects are falling in place for gas capacity expansion
The deal by Antero Midstream strengthens Antero Resources’ gathering and compression in Marcellus Shale.
