E&P Highlights: July 29, 2024
Here’s a roundup of the latest E&P headlines including Energean taking FID on the Katlan development project and SLB developing an AI-based platform with Aker BP. This post appeared first on Hart Energy.
Read More...Post Oak Minerals Acquires Permian Basin Interests for $475MM
Post Oak Minerals V, an affiliate of Post Oak Energy Capital, has closed 10 transactions since the onset of 2024, including 24,000 net royalty acres from APA Corp. subsidiary Apache. This post appeared first on Hart Energy.
Read More...Permian Resources Bolts-on Oxy’s Delaware Basin Assets for $820MM
Permian Resources will add Occidental Petroleum’s Barilla Draw assets in an $817.5 million deal as Oxy prepares to pay down debt for its pending $12 billion acquisition of CrownRock LP. This post appeared first on Hart Energy.
Read More...Vital Energy, Northern to Buy Delaware E&P Point Energy for $1.1B
Vital Energy will buy an 80% stake in Point Energy Partners’ Delaware Basin assets for about $820 million, with Northern Oil and Gas acquiring the remaining 20% interest for $220 million. This post appeared first on Hart Energy.
Read More...Noble’s $1.59B Diamond Offshore Acquisition Clears Antitrust Hurdle
Noble Corp.’s acquisition of Diamond Offshore Drilling still requires approval by Diamond shareholders as well as regulatory authorization in Australia. This post appeared first on Hart Energy.
Read More...Paisie: Oil Demand to Rise 1.2 MMbbl/d in Second Half
WTI’s price is expected to stay in the low $80s/bbl. This post appeared first on Hart Energy.
Read More...CF Indutries Enters CO2 Transport, Sequester Deal with Exxon
CF Industries Holdings will transport and sequester to Exxon Mobil CO2 from its carbon capture and sequestration project in Yazoo City, Mississippi. This post appeared first on Hart Energy.
Read More...Repsol to Implement New Share Buyback Program
Madrid-based Repsol plans to repurchase and redeem 20 million of its shares in the second half 2024, according to the company’s CEO Josu Jon Imaz. This post appeared first on Hart Energy.
Read More...Baytex Energy Joins Eagle Ford Shale’s Refrac Rally
Canadian operator Baytex Energy joins a growing number of E&Ps touting refrac projects in the Eagle Ford Shale. This post appeared first on Hart Energy.
Read More...CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said. This post appeared first on Hart Energy.
Read More...Pemex Hits Debt Target, Struggles to Reverse Production Declines
Pemex achieved its long-term debt target, which aimed to gets its financial obligations below the $100 billion, while struggling to halt production declines. This post appeared first on Hart Energy.
Read More...Energy Transition in Motion (Week of July 26, 2024)
Here is a look at some of this week’s renewable energy news, including news on another U.S. hydrogen hub. This post appeared first on Hart Energy.
Read More...US Rig Count Makes Biggest Monthly Jump Since November 2022
The oil and gas rig count, an early indicator of future output, rose by three to 589 in the week to July 26. This post appeared first on Hart Energy.
Read More...Private Equity Looks for Minerals Exit
Private equity firms have become adroit at finding the best mineral and royalties acreage; the trick is to get public markets to pay more attention. This post appeared first on Hart Energy.
Read More...BP and NGC Sign E&P Deal for Offshore Venezuelan Cocuina Field
BP and NGC signed a 20-year agreement to develop Venezuela’s Cocuina offshore gas field, part of the Manakin-Cocuina cross border maritime field between Venezuela and Trinidad and Tobago. This post appeared first on Hart Energy.
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