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(Reuters) – Chesapeake Energy (CHK.O) said on Thursday it would buy smaller rival Southwestern Energy (SWN.N) in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas producer to take the top spot. The move extends a recent spate of multi-billion deals in the U.S. energy sector including Exxon Mobil’s (XOM.N) $60-billion Pioneer Natural …
A massive winter storm moving across the eastern half of the U.S. on Tuesday ahead of a forecast brutal freeze this weekend knocked out power to over 302,000 homes and businesses in nine states. The hardest hit states so far were Georgia with over 65,000 power outages, Florida with over 62,000 outages and Alabama with …
Massive Winter Storm Batters U.S., Knocks Out Power to Over 300,000 Customers Read More »
APA Corp.’s $2.6 billion purchase of Callon Petroleum Co. extends the industry’s strategy of lining up drilling sites without piling on debt. Permian Basin oil and natural gas output may grow in 2024, though at a slower pace than last year. The new year in the shale patch kicked off much as the old one ended, with a hefty all-stock takeover. …
Shale’s Shift to All-Stock Deals Gives It Muscle Against OPEC Maneuvers Read More »
HOUSTON, Jan 8 (Reuters) – The large crude distillation unit (CDU) and coker were shut on Monday at Motiva Enterprises (MOTIV.UL) 626,000 barrel-per-day (bpd) Port Arthur, Texas refinery, the largest in the U.S., said sources familiar with plant operations. The 350,000-bpd VPS-5 CDU and the 110,000-bpd DCU-2 coker are scheduled to remain shut for a …
Large Crude Unit, Coker Shut at Biggest U.S. Refinery Read More »
