The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d.
The British company’s U.S. boss Dave Lawler says Biden’s Inflation Reduction Act has put the oil major’s green plans on “steroids.”
Changing capital cost models make e-frac systems within reach for more operators, according to Baker Hughes’ Steve Goldstein.
Gas production from the Permian Basin has already surpassed pre-pandemic highs and is slated to rise 41% by 2030 compared to current levels, according to Rystad Energy data.
Diamondback, Marathon Oil and Devon have dominated second-half M&A thanks to higher EBITDA multiples and yields than smaller E&P competitors can offer.
Babatunde Cole, the president and general manager of Occidental Petroleum’s Delaware Basin business unit, spoke to Hart Energy about how the Permian Basin fits within Oxy’s sustainable goals.
The acquisition of Lario Permian follows Diamondback Energy’s agreement to acquire FireBird Energy in the Midland Basin last month.
Diamondback Energy’s president and CFO, Kaes Van’t Hof, spoke to Hart Energy about the return of the “mythical generalist investor” plus what’s next for the Permian company after closing its recent $1.6 billion acquisition.
While uncertainty remains around the expected regulations resulting from the surprise EPA drop, “our shareholders demand we do better than the regulations anyway,” Diamondback Energy CFO Kaes Van’t Hof told attendees of Hart Energy’s Executive Oil Conference.
YPF, which set up a $4 billion capex plan for 2022, is still working on next year’s budget, CFO Alejandro Lew told investors on a call to discuss third-quarter results