Exploration & Production

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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

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

(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

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Press Releases / By

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

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

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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EOG Resources Reports Second Quarter 2025 Results and Updates 2025 Guidance

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

EOG Resources, Inc. (EOG) today reported second quarter 2025 results and updated its 2025 guidance. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP measures to GAAP measures and related definitions and discussion, along with a related presentation, are also available on EOG’s website at http://investors.eogresources.com/investors. Key Financial Results In millions of USD, …

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Record Production at Exxon and Chevron Humbles European Rivals: Ron Bousso 

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

*Exxon, Chevron oil and gas production hit record in Q2 *Shell production drops to lowest in at least 20 years, BP’s drops from year ago *European majors hope to close a valuation gap with US rivals By Ron Bousso LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also has …

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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2025 Financial and Operating Results

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

MIDLAND, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the second quarter ended June 30, 2025. SECOND QUARTER HIGHLIGHTS Q2 2025 average production of 41,615 bo/d (79,286 boe/d) Q2 2025 consolidated net income …

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2025 Financial and Operating Results Read More »

Archrock Reports Second Quarter 2025 Results and Raises 2025 Financial Guidance

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

HOUSTON, Aug. 04, 2025 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today reported results for the second quarter 2025. Second Quarter 2025 and Recent Highlights Revenue for the second quarter of 2025 was $383.2 million compared to $270.5 million in the second quarter of 2024. Net income for the second quarter …

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