Remove E&A Remove Field Remove Probable Reserves
article thumbnail

How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

In contrast, a recent Dallas Federal Reserve survey of over 100 oil and gas companies in Texas, New Mexico and Louisiana found that shale oil producers need a WTI oil price of $65 per barrel on average to profitably drill. shale costs up. As the global oil industry enters a downturn due to economic uncertainty related to U.S. tariff threats.

Oil 130
article thumbnail

Tullow Sells Kenyan Business to Gulf Energy

Rigzone

The transaction involves the sale of the shares of Tullow Kenya BV by Tullow Overseas Holdings BV to Gulf Energy’s Auron Energy E&P Ltd. The assets to be sold had around 36 million barrels of proven and probable reserves as of yearend 2024, according to Tullow. for $300 million in cash, net of tax.

Energy 95
article thumbnail

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

Oil & Gas 360º

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. common shares of Whitecap for each Veren common share held.