Diamondback Energy, SM Energy and Occidental Petroleum are adding Dean laterals to multi-well developments south of the Dean play’s hotspot in southern Dawson County, according to Texas Railroad Commission data.
The Federal Trade Commission has announced it is seeking comment on potentially rescinding bans on Pioneer Natural Resources’ Scott Sheffield and Hess Corp.’s John Hess from serving on the boards of companies that acquired their E&Ps.
Volatility won’t affect Permian Basin-focused U.S. Energy Development Corp.’s day-to-day operations or its plans for deals, CEO Jordan Jayson told Hart Energy.
Here is a look at some of this week’s renewable energy news.
Here is a roundup of marketed oil and gas leaseholds in the Permian, Uinta, Haynesville and Niobrara from select E&Ps for the week of April 7, 2025.
By Scott Disavino April 11 (Reuters) – U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and …
US Oil Rig Count Falls by Most in a Week Since June 2023, Baker Hughes Says Read More »
The oil and gas rig count fell by seven to 583 in the week to April 11. Baker Hughes said this week’s decline puts the total rig count down 34 rigs, or 6% below this time last year.
The share of 1,000 boe/d producers in the overall population of wells drilled in 2024 rose to 46% year-over-year; 2025 could be the year a majority of wells hit the “thousand club” threshold, Bernstein reports.
(Reuters) – At least two vessels carrying Venezuelan crude chartered by Chevron are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed secondary tariffs on the OPEC member’s buyers, two sources with knowledge of the matter said on Friday. The U.S. oil producer awaits customs …
Chevron’s Venezuelan Oil Cargoes Stalled at Sea After Export Cancellations Read More »
(Reuters) – Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter. ADNOC has done a string of acquisitions in gas and chemicals, which along with …
Abu Dhabi’s ADNOC Mulls Bid For Aethon’s US Natgas Assets, Bloomberg News Reports Read More »
