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Deal still needs the approval of Neuquen Province, person says Exxon is exiting Vaca Muerta shale patch to focus elsewhere Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale patch to Pluspetrol SA, according to people familiar with the matter. The province of Neuquen, where the assets are located, has …
Exxon Agrees to Sell Argentina Shale Oil Assets to Pluspetrol Read More »
ConocoPhillips is exploring a sale of some of its shale operations in the Permian Basin worth more than $1 billion, two years after an unsuccessful attempt to find a buyer for the same assets, people familiar with the matter said on Wednesday. The Houston, Texas-based oil and gas producer is looking to shed some non-core …
ConocoPhillips Explores Sale of Permian Shale Assets Worth Over $1 Billion, Sources Say Read More »
Bloomberg One of the top investors in US oil and natural gas companies says the nation’s shale producers are no longer in a position to aggressively ramp up output and give consumers a break on energy prices. “The US shale revolution has run its course,” Wil VanLoh, chief executive officer at Quantum Energy Partners LLC, said Monday …
U.S. Shale Revolution Has ‘Run Its Course,’ Quantum’s Wil VanLoh Says Read More »
Houston-based shale producer EOG Resources expects to ramp up operations in the Utica shale play in Ohio, Chief Operating Officer Jeff Leitzell told attendees at the Barclays CEO Energy-Power Conference in New York on Tuesday. EOG Resources has doubled its activity in the Utica year-on-year, operating on 445,000 acres with an average entry cost of around …
EOG to Ramp Up Activity in Utica Shale Play in Ohio Read More »
Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards of $2 billion, people familiar with the matter told Reuters. Sinochem in recent weeks hired investment bankers at Barclays to advise it on the potential sale of its …
China’s Sinochem Plans to Exit U.S. Shale JV With Exxon Read More »
Uinta assets could be valued at as much as $2 billion in sale Value of oil and gas deals has roughly doubled this year Ovintiv Inc. is considering a possible sale of its operations in the Uinta Basin, which could fetch as much as $2 billion, people with knowledge of the matter said. Denver-based Ovintiv is …
Ovintiv Explores Sale of Oil Operations in Uinta Basin Read More »
(Reuters) – Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion, the companies said on Sunday. Vital will buy an 80% stake in the Point Energy assets, located in the Delaware patch of the Permian Basin, the heart of the U.S. shale industry that …
Vital Energy, Northern Oil and Gas Buy Point Energy Shale Assets for $1.1 Billion Read More »
Wages for US oil workers set a fresh record in April as a wave of acquisitions in the shale industry has yet to impact the labor force. Average hourly earnings for front-line oil and gas workers rose 0.5% from March to $44.67, according to a Labor Department report released Friday. Compared with a year ago, oil pay …
Oil Paychecks Set a Record Even as Shale Industry Consolidates Read More »
(Reuters) – U.S. oil drillers are sticking to pledges to temper spending on boosting output, keeping the world’s top crude producer on course for slower growth in 2024 in what may ease pressure on OPEC+ to make further supply cuts this weekend. The U.S. has driven growth in global oil supply from non-OPEC producers over …
U.S. Oil Producers Maintain Modest Growth as OPEC+ Eyes Extended Cuts Read More »
Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the matter. The Double Eagle team is expected to launch a sale process for the producer in the second half …
Double Eagle Explores $6.5 Billion Sale of Shale Oil Producer, Sources Say Read More »
