Remove Condensate Remove Field Remove Finance
article thumbnail

From West to East: Keyera Builds National NGL Corridor with Plains $5.15B Acquisition

Rextag

Earnings growth : Fee-based adjusted EBITDA is projected to grow by ~50% in the first full year , including C$100 million in near-term synergies from operational efficiencies and cost savings. Financial stability : The deal will be financed via a fully committed acquisition credit facility led by RBC and a C$1.8

article thumbnail

Pemex Posts First Profit in Over a Year

Rigzone

The positive report comes as Sheinbaum’s administration seeks to sell as much as $12 billion in securities to international investors in a bid to raise financing to help pay Pemex’s roughly $100 billion in debt. The profits could help to make the financing round go more smoothly. Pemex posted a net income of 59.52

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buru Tweaks Timeline for Australia's Rafael Gas Project

Rigzone

The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21 MMstb of condensate, according to Buru. Image by DanielIngelhart via iStock Buru Energy Ltd. miles) east of Broome and around 85 kilometers south of Derby in the Shire of Derby-West Kimberley, according to Buru.

Gas
article thumbnail

Count It a Successful Session

Permian Basin Oil and Gas Magazine

It amends existing criminal procedures and establishes new definitions and procedures particularly focused on petroleum products, such as crude oil and condensate. On a related note, lawmakers approved a school finance package that will send some $8.5 Joan Huffman, chair of the Senate Finance Committee.

IT
article thumbnail

Dana Gas Increases Investment in Kurdistan Fields

Iraq Business News: Oil & Gas

Dana Gas has announced accelerated development at Kurdistan's Khor Mor and Chemchemal fields. Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG.

article thumbnail

Ring Energy announces the closing of the Lime Rock Permian Basin assets acquisition

Oil & Gas 360º

The acquisition further consolidates assets in core counties in the CBP defined by shallow declines, high margin production and undeveloped inventory that immediately competes for capital, and provide for near-term opportunities for field level synergies and cost savings.

article thumbnail

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

Oil & Gas 360º

. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay.