Apache, one of the largest operators in the Permian Basin, is looking to narrow its footprint in the basin through a full exit from the Eastern Shelf.
Whiting Petroleum, an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum, two people familiar with the matter told Reuters.
The acquisition of Jagged Peak will more than double Parsley Energy’s position in the Delaware Basin, where the companies expect to generate G&A savings of about $25 million within the first year.
BP will take charges of $2 billion to $3 billion in the third quarter, as the British energy firm looks to reach divestments worth $10 billion a year ahead of schedule.
Viper Energy Partners, the acquisition machine of Diamondback Energy in the minerals space, had originally launched the offer for $400 million on notes on Oct. 7.
Southwestern Energy strengthened its ‘financial resilience’ as the Appalachia shale producer continues to face a low price environment.
Oilfield services firm ProPetro Holding on Oct. 9 shuffled its top executives amid an internal investigation into equipment purchases and expense reimbursements.
U.S. oilfield services firm Halliburton on Oct. 9 said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity.
The Exxon Mobil Malaysian assets, which include stakes in two large fields, are expected to fetch up to $3 billion, Reuters reported citing unnamed sources.