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KKR-Backed Crescent Energy Weighs Asset Sales to Focus on Eagle Ford, Uinta Basins

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By mark

Photographer: Anthony Prieto/Bloomberg Crescent Energy Co. is looking to sell its drilling portfolio in areas including the Denver-Julesburg Basin in Colorado to focus on its core acreage in the Eagle Ford and Uinta basins. Summary by Bloomberg AI The divestment could fetch more than $1 billion, but no final decision has been made and Crescent …

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Post Oak’s Permian Roots Grow Deeper with $480MM in ’24 Minerals M&A

Latest / By mark

Post Oak Energy Capital was early to invest in M&R as a standalone asset class. Today, it manages 85,000 net royalty acres.

Kolibri Global Energy Drilling Oklahoma Wells 25% Faster

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Kolibri Global Energy Inc. drilled 1.5-mile lateral wells in the Oklahoma SCOOP’s Lovina Field in less than 10.5 days on average, down from 14 days for earlier wells.

Liberty Energy on the Lookout for ‘Transformative Opportunities,’ CEO Says

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Ron Gusek, the CEO who succeeded the current U.S. secretary of energy Chris Wright, has thrived in uncertain times before and is confident about Liberty Energy’s position.

Potential For Undiscovered Oil and Gas Resources in US Gulf Coast, Agency Says

Conventional Energy, Latest, Natural Gas, Oil, US News / By mark

(Reuters) – The U.S. Geological Survey (USGS) released an assessment on Wednesday detailing potential undiscovered oil and gas in two formations under much of the U.S. Gulf Coast from Texas to Florida. The assessment found that there are technically recoverable resources of 35.8 trillion cubic feet of natural gas and 28 million barrels of oil …

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TC Energy Pipeline Project Aims at Growing Midwest Data Center Demand

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Canadian midstream company TC Energy also completed a gas transport project in Mexico.

Permian Resources Buys Apache’s Northern Delaware Assets for $608MM

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Permian Resources is expanding its New Mexico footprint with an acquisition of Permian Basin assets from APA Corp. for $608 million.

Ohio Utica’s Gulfport Energy Signals Potential M&A This Year

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Gulfport Energy’s comment comes while neighbors Ascent Resources and Encino Energy are reportedly in play.

Ohio Utica’s Gulfport Energy Alerts it May M&A This Year

Latest / By mark

Gulfport Energy’s comment comes while neighbors Ascent Resources and Encino Energy are reportedly in play.

US Crude Inventories Decline, Jet Fuel Demand Jumps, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By mark

(Reuters) – U.S. crude stocks and distillate inventories fell last week, while jet fuel demand rose to a five-year high, the Energy Information Administration (EIA) said on Wednesday. Gasoline inventories rose, stoking concerns among analysts of weak demand ahead of a major driving holiday in the U.S. later this month. Crude inventories fell by 2 …

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