Pioneer and Parsley, both Permian pure-plays, are discussing an all-stock deal and could be completed by the end of the month if talks don’t fall apart, a report by the Wall Street Journal said citing people familiar with the matter.
Halliburton still beat analyst estimates earning 11 cents a share versus expectations of 8 cents per share.
Concho Resources’ chairman and CEO, Tim Leach, is set to join ConocoPhillips’ board of directors and executive leadership team as executive vice president and president of Lower 48.
Optimism for the dry gas sector is bubbling up like methane in a Pennsylvania spring.
The debt-ridden oilfield services company, which rejected a hostile bid from Wilks Brothers last month, said most holders of its senior unsecured notes voted in favor of Calfrac's new plan.
Borr Drilling Ltd. has appointed Christoph Bausch as its new CFO, replacing Francis Millet, effective from November 1, 2020.
Total revenue plunged 38% to $5.26 billion.
Chevron contributed roughly 28% of its political funds to Democratic candidates this cycle, from 26% in 2016, while Exxon Mobil sent 41% of its contributions to Democratic candidates and parties, up from 32.6%.