Devon Energy Expands Williston Footprint With $5B Grayson Mill Deal
Oklahoma City-based Devon Energy is growing its Williston Basin footprint with a $5 billion cash-and-stock acquisition from Grayson Mill Energy, an EnCap portfolio company.
Oklahoma City-based Devon Energy is growing its Williston Basin footprint with a $5 billion cash-and-stock acquisition from Grayson Mill Energy, an EnCap portfolio company.
Hedge funds bought commodity sensitive stocks in the week to July 5 at the fastest pace in five months, said a Goldman Sachs note to clients seen by Reuters on Monday. Energy stocks fell last week as Tropical Storm Beryl battered the Caribbean. Chevron Corp, Exxon Mobil and Shell all declined between about 0.5% and just over 1.5% over the …
Hedge Funds Buy Commodity Stocks at Fastest Pace in Five Months, Says Goldman Read More »
U.S. oil refiners are expected to have about 260,000 barrels per day (bpd) of capacity offline in the week ending July 12, decreasing available refining capacity by 151,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to remain unchanged at 260,000 bpd in the week ending July 19, IIR added. The …
U.S. Oil Refiners’ Weekly Capacity Seen Down 151,000 Bpd, IIR Says Read More »
Reaffirms Borrowing Base at $600 Million THE WOODLANDS, Texas, July 08, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today updated second quarter of 2024 sales guidance and end-of-period debt, and announced reaffirmation of the $600 million borrowing base. Key Highlights Increases second quarter 2024 sales guidance range above …
OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction …
North Dakota governor with energy expertise is a VP contender Strategists say his charm and rural roots could lure moderates Donald Trump and Doug Burgum in Las Vegas.Photographer: Ian Maule/Bloomberg About this time last year, voters didn’t know the name Doug Burgum. Just to get on a debate stage with other Republican presidential primary contenders, he …
North Dakota Governor With Energy Expertise Emerges as Trump VP Contender Read More »
(Reuters) – Britain’s renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonise the power grid. Labour swept to victory in Britain’s election last week and the party has pledged to …
British Renewable Industry Pushes New Govt to Increase Auction Budget Read More »
(Reuters) – Over 300,000 homes and businesses in Texas were without power on Monday as Category 1 hurricane Beryl made landfall, according to data from PowerOutage.us. Hurricane Beryl made landfall near Matagorda, Texas, but was forecast to weaken later on Monday and Tuesday as it moves inland. CenterPoint Energy, which supplies nearly 2.6 million customers, …
More Than 300,000 Homes Without Power in Texas Due to Hurricane Beryl Read More »
HOUSTON, July 8 (Reuters) – The Texas energy industry braced for Hurricane Beryl’s impact on Monday, with threats from the powerful storm forcing the closure of key oil and gas shipping ports, slowing refining and prompting the evacuation of some production sites. Beryl, which made landfall near Matagorda, Texas, packing maximum sustained winds of 80 …
Texas Energy Industry Braces for Beryl as Storm Makes Landfall Read More »
Port closures could temporarily halt crude oil exports, shipments of crude oil to refineries and motor fuels from those plants.