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Marathon Petroleum) bought out and merged in the Utica Shales premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The new MarkWest, aka MPLX, plays on a much larger stage now, including the ownership and operation of major assets in the Permian Basin.
Their leasehold is characterized by high-quality rock, operational scale, and infrastructure advantage. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
(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). The high-quality operator footprint enhances production visibility and long-term value creation.
This landmark deal not only reshapes EOG’s portfolio but also sends ripples through the broader energy M&A landscape, signaling a shift in where, and how, operators are seeking growth. This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. billion acquisition of Encino Acquisition Partners (EAP).
Rhino Resources, the operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in Orange Basin, offshore Namibia
Most Petroleum engineers would laugh at you if you suggested that you could learn about well production behavior in the Williston from historic production in the Eagleford however that’s exactly what we’re finding after building a “Giga Model” of all the Unconventional oil wells in the Lower 48. (OK The result?
Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).
operators to report an increase in active drilling rigs in the past year, according to Enverus’ latest Drill Down Report. ExxonMobil is the leading operator in both U.S. and Permian Basin. Occidental Petroleum reported 28 rigs (weekly average of 27.0 ExxonMobil is the only one of the top seven U.S. In the U.S.,
from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024.
The permit change finalizes the transition of operational control from APA Corporation —which had previously acquired the asset through Callon Petroleum —to Spirit O&G Operating LLC , led by longtime industry executive Todd Guest. miles on US-87 N, turn right, continue 0.4 miles on US-87 N, turn right, continue 0.4
Houston-based 1PointFive, subsidiary of Occidental Petroleum, said Tuesday that JPMorganChase purchased 50,000 metric tons of carbon dioxide removal credits over 10 years enabled by direct air capture. STRATOS is under construction in Ector County in Permian Basin. STRATOS is under construction in Ector County in Permian Basin.
ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. It complements ReconAfricas activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2
Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy Value Chain, update investors on their operational and financial strategies, and learn how they create value for stakeholders.
The New Mexican said defendants, including Permian operators, are Chesapeake Energy, Continental Resources, Diamondback Energy, EOG Resources, ExxonMobil, Hess Corp., Occidental Petroleum and Permian Resources.
Occidental Petroleum (Oxy), one of the largest producers in the Permian Basin, continues to refine its asset portfolio by divesting select non-core operations in West Texas. miles northeast of Mentone, TX, this facility sits in the heart of the Delaware sub-basin. Morely Hamilton CTB and SWD Permit #145807 – Situated ~2.0
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.
Houston-based Evolution Petroleum said last week it agreed to acquire non-operated oil and natural gas assets in New Mexico and Louisiana for $9 million. Evolution said the assets will be managed by a top-tier private operator. Closing is expected in 3Q.
Perhaps all four are at work today in the wireline industry in the Permian Basin, but certainly the fourth factor—consolidation—is making itself felt. Pintail is headquartered in Midland and is a leading provider of wireline services in the Permian Basin. The family also operates Underdog Rentals. on April 15.
Occidental Petroleum (NYSE: OXY) has showcased a strategic shift in its 2025 operational and financial approach, emphasizing efficiency and disciplined capital management. Capital Guidance Reduction In Q1 2025, Occidental reduced its full-year capital expenditure guidance by $200 million and domestic operating costs by $150 million.
It is true that the Permian Basin is, and continues to be, an area with lower educational levels than most of Texas. The Permian Basin has multiple technical training options available through Howard College, Midland College, Odessa College, UTPB, and other organizations, such as the Permian Basin Workforce Board and Skillpoint Alliance.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. You can sign up at [link] to be notified when more information is available.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. You can sign up at [link] to be notified when more information is available.
Oil and Gas 360 April 28, 2023 For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. is a worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. NSAI) has hosted a series of highly regarded oil and gas property evaluation seminars.
billion to Strategic Storage Partners to manage and operate the four sites of the nations Strategic Petroleum Reserve (SPR). from significant petroleum supply disruptions. billion to JV to operate SPR in Texas, Louisiana appeared first on Permian Basin Oil and Gas Magazine. The post DOE awards contract of $1.4
Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy value chain update investors on their operational and financial strategies and learn how they create value for stakeholders.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
Summary : While an Iranian closure of the Strait of Hormuz, where 20% of world petroleum passes, could push oil to triple digits, the U.S. This addresses a billion-dollar problem, with one operator losing $1.1 Read more Contact Valor Today Contact us today if you need help outsourcing your oil and gas operations.
Ballymore is expected to produce up to 75,000 gross barrels of oil per day through three wells tied back three miles to the existing Chevron-operated Blind Faith facility. Chevron is a leading leaseholder in the Gulf and continues to actively pursue opportunities for growth in the basin. Malo facilities.
Marathon Petroleum posted a Q1 loss, citing weaker-than-expected margins, seasonal maintenance, and unplanned downtime as key drags on performance. Phillips 66 also saw weaker refining margins, particularly in the Gulf Coast and Atlantic Basin, though its $796 million in Q1 net income was buoyed by solid midstream and chemical performance.
Oil majors ExxonMobil and Occidental Petroleum are the top operators in Permian Basin, according to a report May 27 from Enverus. Other leading operators in Permian are Mewbourne Oil with 15.9, Other leading operators in Permian are Mewbourne Oil with 15.9, operator at 36.0 for ExxonMobil and 22.1
A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Permian basin dropped two rigs, the Granite Wash basin cut one rig, the DJ-Niobrara basin added three rigs, and the Cana Woodford, Eagle Ford, Haynesville, and Mississippian basins each added one rig.
existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% per share based on the closing price of Viper common stock on June 2, 2025. billion which equates to less than 1.0x
The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. Thats enough to cover operational risk, service debt and pay dividends. That might not be existential.
As Chord Energy refocuses on the Williston Basin, Ring consolidates CBP assets to drive low-cost, margin-rich growth. These regulatory transfers aren’t just formalities theyre indicators of whos doubling down and whos cashing out in the Permian Basin. Complements existing Shafter Lake operations. Chord Energy).
This acquisition allows EOG to finally step into deal markets with an asset that has scale and operational synergies with its existing Utica position. While M&A has been rare for EOG, this looks like the kind of deal we would expect the company to make.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
Despite soft commodity prices and policy uncertainty, operators doubled down on developmentparticularly in core Lloydminster and Wainwright zones. CNOOC Petroleum North America ULC& Gas Canada Inc. CNOOC Petroleum North America ULC& Gas Canada Inc. CNOOC Petroleum North America ULC& Gas Canada Inc. 266 244 +9.0%
Our team has worked exceptionally hard to crack the code to deliver highly economic production from this under-explored basin, and with today’s news I believe we have made huge strides forward. With the publication of this announcement, this information is now considered to be in the public domain. the “Paradox project”).
As part of his visit to the petroleum facilities at Ain Sokhna Port on the Red Sea coast, Minister of Petroleum and Mineral Resources, Karim Badawi, visited Sonker Bulk Liquids Terminal (SBLT): Basin-3, Sokhna Port.
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