Remove Barrel Remove Natural Gas Remove Probable Reserves
article thumbnail

Tullow Sells Kenyan Business to Gulf Energy

Rigzone

The assets to be sold hold about 463 million barrels of 2C resources, London-based Tullow said in a statement online. The assets to be sold had around 36 million barrels of proven and probable reserves as of yearend 2024, according to Tullow. for at least $120 million in cash. for at least $120 million in cash.

article thumbnail

EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%

Oil & Gas 360º

Encinos acreage improves the quality and depth of our Utica position, expanding EOGs multi-basin portfolio to more than 12 billion barrels of oil equivalent net resource. Pro forma production totals 275,000 barrels of oil equivalent per day creating a leading producer in the Utica shale play. About EOG Resources EOG Resources, Inc.

article thumbnail

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.