WhiteHawk Buys PHX Minerals for $187MM, Expands into Midcontinent
PHX Minerals agreed to sell to WhiteHawk Energy for $187 million, expanding WhiteHawk’s natural gas portfolio in the Haynesville Shale and Midcontinent.
Citigroup Must Face $1 Billion Lawsuit Claiming it Aided Mexican Oil Company Fraud
Citigroup must face a revived lawsuit claiming it caused more than $1 billion of losses by orchestrating and concealing a vast fraud at the now-bankrupt Mexican oil and gas services company Oceanografia, a U.S. appeals court ruled on Thursday. A three-judge panel of the 11th U.S. Circuit Court of Appeals in Miami said 30 Oceanografia …
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US House Passes Bill on Trump’s Gulf of America
The Republican-controlled U.S. House of Representatives on Thursday passed a bill to formally change the name of the Gulf of Mexico to the Gulf of America, following President Donald Trump’s executive order, though the measure is unlikely to succeed in the Senate. The House voted 211-206 to change the name of the body of water …
Riley Permian Buys Northwest Shelf E&P Silverback II for $142MM
Riley Exploration Permian Inc. is adding Northwest Shelf assets from EnCap-backed Silverback Exploration II. Riley is also cutting capex and focusing on preserving inventory amid weak oil prices.
Matterhorn Ownership Reshuffled in Deal Reportedly Worth $5B
Investment firm I Squared and Enbridge will take stakes in the joint venture for the Matterhorn Express natural gas pipeline in the Permian Basin.
CRC to Start Construction on California’s First CCS Project in ‘25
California Resources Corp.’s carbon management subsidiary Carbon TerraVault Holdings is targeting additional carbon capture and storage projects.
ConocoPhillips CFO Bill Bullock to Retire After Nearly Four Decades
ConocoPhillips’ W.L. (Bill) Bullock is retiring from his roles as executive vice president and CFO after 39 years of service. Andy O’Brien will assume the role of CFO.
U.S. Exports of Natural Gas Liquids Touch Record High in April
(Reuters) – U.S. exports of natural gas liquids touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer, ship tracking data showed. The recent trade developments have threatened U.S. exports of natural gas liquids (NGLs), such as ethane, butane and propane, used to …
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ConocoPhillips Announces Bill Bullock to Retire After 39 Years With the Company
HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that W.L. (Bill) Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy O’Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, …
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ConocoPhillips Announces First-Quarter 2025 Results and Quarterly Dividend
Reported first-quarter 2025 earnings per share of $2.23 and adjusted earnings per share of $2.09. Generated cash provided by operating activities of $6.1 billion and cash from operations (CFO) of $5.5 billion. Lowered both full-year capital expenditures and adjusted operating cost guidance while maintaining full-year production guidance. Declared second-quarter ordinary dividend of $0.78 per share. …
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