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Three-Way Midland Basin Combination Creates $1.5 Billion E&P
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position and 12,000 boe/d of production that is expected to more than double through 2020.
Shell Leads US Gulf Faithful In Oil, Gas Lease Sale
The March 20 lease sale in the U.S. Gulf of Mexico brought in $244.3 million in high bids.
Petronas Buys 49% Of Repsol’s Stake In Indonesia’s Andaman III Block
Repsol will still hold a 51% stake in the block after the deal.