The acquisition of nonoperated interests across core Permian Basin acreage represents the “trifecta” for Northern Oil and Gas, says COO Adam Dirlam.
Marcellus Shale operator Range Resources entered into a pilot program with Project Canary to utilize its Canary X continuous monitoring technology at two pad locations in southwestern Pennsylvania.
The potential sale of Shell’s Permian holdings, located in Texas, would be a litmus test of whether rivals are willing to bet on shale’s profitability through the energy transition to reduce carbon emissions.
Shell’s Permian Basin position could be worth over $10 billion, according to the sources in a Reuter report.
Oil and gas sector enjoys best first months of an administration under Biden since Roosevelt’s first term in 1933.
In the independent energy company’s latest deal, Earthstone Energy agreed to the acquisition of working interests in assets the company operates in the Eagle Ford Shale located from four separate sellers.
California Resources expects the appointment of Chris Gould, previously the head of sustainability at Exelon, will help the E&P company reach its sustainability targets set for carbon, methane, water and renewables.
Chesapeake Energy Executive Vice President of E&P Frank Patterson as well as James Webb, general counsel, and William Buergler, senior vice president, agreed to leave the company, a filing said.
Tourmaline Oil’s agreement on June 11 to acquire Montney operator Black Swan Energy continues a trend in the Canadian energy sector, which has seen a flurry of mergers between oil and gas producers within the past year.
Upon the departure of CEO Darron Anderson, the board of directors of Ranger Energy Services appointed Board Chairman Bill Austin to serve as the Houston-based oilfield service company’s interim CEO.