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Chevron wins Exxon case but loses time, oil and billions

Oil & Gas 360º

Chevron’s deal, first announced in October 2023, closed on Friday after a drawn-out dispute over Hess’s 30% stake in Guyana’s Stabroek block, the most attractive asset in its portfolio. (BOE Report) – ExxonMobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S.

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Oil market fundamentals return with aplomb

Oilholics Synonymous Report

Since the start of hostilities on June 13, the Oilholic has always maintained that if there was a swift end to the conflict - as has been the case - price will fall rapidly again. Photo : Oil pump jack building block model at the AVEVA World 2023 Conference, Moscone Center, San Francisco, US © Gaurav Sharma, October 2023.

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Texas Supreme Court rules produced water belongs to mineral lessee

Permian Basin Oil and Gas Magazine

The case arose from a disagreement between Cactus Water Services representing surface estate interests and COG Operating, mineral lessee, over ownership of produced water extracted during oil and gas operations on 37,000 acres in Reeves County.

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When $180 Million Rides on an Expert's Supplementation Decision

Producer's Edge

The High-Stakes Transaction That Started It All This case arose from a significant oil and gas transaction in the Texas Panhandle. Previously, in 2023, the Texas Supreme Court held that Apache should have made its re-assignment offer in 2014, not in 2015.  Apache Corp. Apollo Expl., LLC , 670 S.W.3d 3d 319, 322 (Tex.

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YPF turnover ruling in US casts shadow on Argentina’s shale, FX plans

Oil & Gas 360º

In 2023, Preska awarded $14.4 billion to Eton Park in the same case, which Argentina is also appealing. billion to Petersen and $1.7 The plaintiffs are represented by litigation funder Burford Capital, which expects to receive some 35% and 73% of Petersen’s and Eton Park’s respective damages.

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Chevron wins Exxon case but loses time, oil and billions

BOE Report

Chevron’s deal, first announced in October 2023, closed on Friday after a drawn-out [Read more] Exxon Mobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S.

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Valor | Energy Connection – July 21, 2025

Valor

Chevron wins Exxon case but loses time, oil and billions Summary : On July 18, Chevron won its arbitration case against Exxon Mobil, allowing its $55 billion acquisition of Hess and its 30% stake in Guyana’s 11-billion-barrel Stabroek block to finally close. Stay tuned for weekly updates to keep you well-informed.

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