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Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

Oil & Gas 360º

(World Oil) – Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations in Guyana’s Stabroek block.

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Neuquén basin production grows, accounts for over 70% of Argentina’s oil and gas output

Oil & Gas Journal

In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of natural gas. On a national scale, shale oil accounts for 60% of total output, while tight and shale gas combined make up 65% of Argentina ’ s gas production.

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What’s New: Mach Enters Permian, San Juan Basins With $1.3 Billion in Deals

Rextag

Mach Natural Resources has signed two definitive agreements totaling $1.3 These acquisitions will give the Anadarko Basin-centered independent producer its first significant footholds in the Permian and San Juan basins, through the purchase of assets from Sabinal Energy and entities managed by IKAV Energy.

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Williston Basin White Paper

Oil Gas Leads

Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. These operators collectively reflect the basin’s evolution toward capital discipline, lateral length optimization, and refrac innovation. oil production, delivering approximately 1.2–1.3

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U.S. Rig Activity Rebounds Amid Rising Natural Gas Prices – Baker Hughes

Oil Gas Leads

oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in natural gas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.

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Patterson-UTI Q2 2025: Automation, AI, and a Strategic Bet on Natural Gas

Oil Gas Leads

oilfield services sector through technology, disciplined capital allocation, and a sharp eye on future natural gas demand. Oil & Gas Drilling Engineer Directory – $25 Buy List Now Includes: Account, Contact Name, Email, Location…. Stable Gas, Cautious Oil Rig activity mirrored broader market caution.

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Energy M&A Activity Attains New Heights

Permian Basin Oil and Gas Magazine

While the number of completed deals has decreased slightly since 2022, companies are executing higher value transactions as energy demand spikes and increased sector volatility have created increased opportunities for the scaling and modernization of operations.