Capital raised for Bellatorum Resources’ latest fund will be used to purchase oil and gas royalties in Texas, including in the Permian Basin, Eagle Ford Shale, Haynesville Shale, and Barnett Shale plays.
Chevron's 2021 Permian Basin spending of $2 billion is half of what it planned at the start of 2020 and lower than 2019 levels of $3.6 billion, says Biraj Borkhataria from RBC Capital Markets.
The consolidation trend among oil and gas producers will continue, Pioneer CEO Scott Sheffield says, before vaccines pave the way for recovery.
The shares of Exxon Mobil, Shell and BP have lost over 45% so far this year, more than benchmark Brent oil prices that have lost around 27% and stand today near $48/bbl.
Pioneer Natural Resources Co. set targets to reduce its greenhouse gas and methane emissions on Dec. 2, becoming the latest oil and gas company to set long-term climate goals.
A roundtable of oil and gas experts from Range Resources, Quantum Energy Partners and Babst Calland offered insights on why ESG dialogue is central to investment dollars during Hart Energy’s DUG East and Marcellus-Utica Midstream Virtual Conference.
While not addressing rumors of possible mergers involving CNX Resources, the industry veteran offered ‘hard truths’ on successful combinations in the Appalachian Basin during Hart Energy’s DUG East and Marcellus-Utica Midstream Virtual Conference.
ConocoPhillips Co., the largest U.S. independent oil producer, said on Dec. 1 that it would lay off up to 500 Houston employees, about a fifth of its headquarters workforce.
Today’s featured Forty Under 40 honoree is Ryan Keys, president and co-founder of Triple Crown Resources, a Houston-based private operator in the Midland Basin.