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Permian Shale Producers See Deep Freeze Hitting Thousands of Barrels of Oil Production
Permian Basin-focused shale producers Diamondback Energy, Cimarex Energy, Occidental Petroleum and Laredo Petroleum say their first-quarter oil production will be hit by a recent winter storm.
Occidental-backed Company Will Build Permian Basin CO2 Removal Plant
The facility will be located on 100 acres in Texas' Permian Basin and will capture up to 1 million metric tons of CO₂ from the atmosphere a year, Occidental Petroleum said in a joint statement with Rusheen Capital.
Apache Posts Lower Fourth-quarter Loss as Oil Prices Recover
U.S. oil producer Apache raised its project spending forecast to $1.1 billion for this year as oil prices have improved since its previous outlook of keeping upstream expenses below a billion dollars.