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Bayswater E&P closes $600 million sale of DJ Basin assets

Oil & Gas 360º

(World Oil) –Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. We remain committed to operating in the DJ Basin and look forward to rebuilding our Colorado footprint in the coming years.”

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

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.

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Chevron to cut nearly 800 jobs in Texas Permian basin

Oil & Gas 360º

plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. (World Oil) –Chevron Corp. The bulk of the reductions will come from Chevrons Midcontinent campus on the outskirts of Midland, Texas, the company said in a filing with the Texas Workforce Commission.

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Elk Range Royalties closes $905 million acquisition of DJ Basin assets

Oil & Gas 360º

(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).

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Executive Interview: Paul Clarke, CEO of CanCambria Energy

Oil & Gas 360º

(Oil & Gas 360) – Earlier this month, EnerCom met with CanCambria Energy CEO Paul Clarke, PhD, to talk about how the company could transform natural gas markets in Europe through CanCambrias Kiskunhalas drilling project in the Pannonian tight gas basin.

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Permian Resources acquires Delaware basin assets from APA for $608 million

Oil & Gas 360º

(World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources core New Mexico operating areas.

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Crescent Energy completes sale of non-operated Permian basin assets

Oil & Gas 360º

(World Oil) –Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil).

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