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Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields. The company also strives to unlock the potential of the Orange Basin.
(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). billion in capital since its launch in 2020.
“Upstream deal markets are heading into the most challenging conditions we have seen since the first half of 2020. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.
Upstream deal markets are heading into the most challenging conditions we have seen since the first half of 2020. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values.
The move aims to capitalize on the fact that the VTX oil and gas business is one of the few remaining privately-owned operators of scale in the Permian basin after the last two years run of dealmaking in the top U.S. shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said. billion.
Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] billion deal represents one of the last significant private positions in the Midland Basin and leaves very few remaining opportunities for mid-sized operators to acquire high-quality inventory. [1]
The Permian basin has become one of the most productive oil fields in the world, Fig. Take 2020, for example, when a combination of Covid and OPEC+ collapsed global oil markets, causing international chaos and West Texas Intermediate to trade at a negative price. The Texas success story. Learning from the pandemic period.
Andrew Dittmar, principal analyst at EIR, said that upstream deal markets are heading into the most challenging conditions his firm has seen since the first half of 2020. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.
It has made four oil and gas discoveries, all in Block 52: Sloanea-1 in 2020, Roystonea-1 in 2023 and Fusaea-1 and Sloanea-2 in 2024. “The LoA [letter of agreement] is necessary for further exploration of the gas discovery made in 2020 with the Sloanea-1 exploration well in Block 52”, Staatsolie said in a press release then.
The flurry of merger and acquisition (M&A) activity over the last two years has changed the minerals landscape in the Permian Basin, along with most producing basins in the United States. Regarding the bolt-ons and consolidation of acreage, Lee noted that Ovintiv recently divested its Uinta Basin assets in order to buy others.
poised to expand LNG export capacity , interest in gassy basins has surged. Since 2020, Austin Chalk gas output has nearly tripled to 1.8 Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. According to the U.S. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026.
poised to expand LNG export capacity , interest in gassy basins has surged. Since 2020, Austin Chalk gas output has nearly tripled to 1.8 Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. According to the U.S. billion cubic feet per day (Bcf/d) in 2024 to 7.0 Bcf/d by 2026.
Building and refining type curves across an asset or basin can take weeks. confirmed that deep learning models, such as LSTMs, outperform traditional forecasting methods across shale basins. URTeC 2020), machine learning workflows reduced error compared to classical decline analysis and eliminated subjective curve fitting.
Source: Westshore Terminal Annual Reports When Westshore loaded 28,000-29,000 tonnes in 2020 and 2021, gross margins were 50%+. For a while in early 2020 contract negotiations between Teck and Westshore got heated and it looked like Westshore might lose all their Teck coal volume. This is ideal for dividend visibility.
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