Exploration & Production

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EQT Expects 2026 Natgas Production to Remain in Line With 2025 Exit Rate

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, US News / By

(Reuters) – U.S.-based energy company EQT Corp said on Wednesday it expects to maintain natural gas production in 2026 at levels consistent with its 2025 exit rate, following lower sales volumes forecast for the current quarter. Shares of the Pennsylvania-based company were down 3.8% at midday. The company expects total sales volume of 550 to …

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Chevron Shakes Up Exploration With New Hire From TotalEnergies

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(Reuters) – Chevron on Tuesday named a new head of global exploration as CEO Mike Wirth works to improve the company’s track record in discovering new sources of oil and gas. Kevin McLachlan will become vice president of exploration effective Nov. 1, succeeding veteran executive Liz Schwarze, who will retire in February after 36 years …

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Chevron Expects up to $400 Million Quarterly Impact from Hess Deal

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Natural Gas, Oil, US News / By

Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to the impact related to the acquisition of Hess. Chevron closed its $55 billion buyout of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery …

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Chord Energy to Buy Assets in Williston Basin for $550 Million

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, Tri-Pinned, US News / By

(Reuters) – U.S energy firm Chord Energy  said on Monday it would buy assets in the Williston Basin from Exxon Mobil’s unit XTO Energy for $550 million. The Williston Basin is located in parts of North Dakota, Montana and Canada, and is a major U.S. shale oil and gas region centered by the Bakken formation. The …

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MEG Energy Urges Investors to Reject Strathcona’s Sweetened Bid, Backs Cenovus Deal

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil / By

(Reuters) – Canadian oil sands producer MEG Energy on Monday urged shareholders to reject the sweetened takeover bid from its majority stakeholder Strathcona Resources and reaffirmed support for sale to Cenovus Energy. “The revised Strathcona offer remains fundamentally unattractive,” said James McFarland, chair of MEG’s board, citing exposure to inferior assets, an overvalued Strathcona share price …

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Cenovus ‘Closing the Door’ on Higher Bid For MEG Energy, Bloomberg News Reports

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(Reuters) – Cenovus Energy does not plan to increase its takeover offer for oil sands producer MEG Energy, despite a higher bid from Strathcona Resources, CEO Jon McKenzie told Bloomberg News in an interview on Wednesday. Reporting by Sumit Saha in Bengaluru; Editing by Krishna Chandra Eluri

Cuts to US Oil Jobs and Spending Threaten Output Growth

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, OFS-Oilfield Services, Oil, Pinned Primary, US News / By

Summary Oil and gas producers cut $2 bln in expenditure, Reuters analysis shows US oil rig counts have fallen by 69 this year Trump’s trade policies and tariffs push up material costs HOUSTON, Sept 8 (Reuters) – The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower …

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Diamondback Energy, Inc. Announces the Sale of Its Equity Interest in Epic Crude Holdings, LP

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MIDLAND, Texas, Sept. 02, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced that its wholly owned subsidiaries have entered into a definitive agreement to sell their 27.5% equity interest in EPIC Crude Holdings, LP (“EPIC Crude”), an affiliate of EPIC Midstream Holdings LP, to a wholly owned subsidiary of Plains All American …

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Harvest Midstream accelerates expansion with $1 billion acquisition of MPLX Uinta and Green River Basin gas gathering & processing assets

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HOUSTON, Aug. 27, 2025 /PRNewswire/ — Harvest Midstream (“Harvest”) today announced the signing of a purchase and sale agreement with MPLX LP (NYSE: MPLX) for the acquisition of an extensive natural gas gathering and processing network in the Uinta and Green River basins across Wyoming, Utah, and Colorado for $1 billion. The transaction is expected …

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CANADIAN MEGA DEAL – Cenovus Signs Cash-and-Stock Deal to Buy MEG Energy

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil / By

CALGARY – Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at CDN $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in June that the company urged shareholders to reject. MEG chairman James McFarland says the Cenovus deal …

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