Oxy CEO Hollub on Divestment Plans: This is Not a ‘Fire Sale’
Occidental Petroleum is keeping under wraps what it might sell to prevent compromising “our ability to maximize the value,” CEO Vicki Hollub said during an Aug. 8 earnings call.
Logging you in.
Logging you out.
Updating your account.
The author of The American Shales, Darbonne has been a journalist since 1984, beginning in the oil and gas fields of South Louisiana. She writes for Oil and Gas Investor and is actively involved in Hart's conference agendas. Prior to joining Hart in 1998, she was the business editor for The Daily Advertiser (Lafayette, La.) and a correspondent for The Morning Advocate (Baton Rouge). She received her BA in English and journalism from the University of Southwestern Louisiana, now known as the University of Louisiana at Lafayette.
Occidental Petroleum is keeping under wraps what it might sell to prevent compromising “our ability to maximize the value,” CEO Vicki Hollub said during an Aug. 8 earnings call.
SM Energy has landed two tests in its Midland Basin leasehold, while Vital Energy reports it’s drilled four. SM’s IPs are promising, while Vital has just begun flowback.
Fresh off closing its $2.1 billion SilverBow Resources acquisition, Crescent CEO David Rockecharlie told investors, “we are just getting started.”
Fitch Ratings and Moody’s Ratings expected an Ecopetrol deal of $3.6 billion to help Occidental Petroleum reach its $4.5 billion to $6 billion debt reduction target.
EOG Resources’ test at the northern end of its 140-mile-long north-south leasehold produced IPs similar to those from a nearby pad.
Comstock Resources and Aethon Energy each added one well to Texas state production data on the new western Haynesville play, dubbed ‘The Waynesville.’ The oldest has surfaced 2.1 Bcf per 1,000 lateral ft to date.
After a false start in the early 2010s that went underwater with overwhelmingly low oil and associated-gas prices, a new group of Ohio drillers is going after the Utica’s volatile oil window. They’re talking now. Here’s what they’re up to.
Chesapeake Energy, the No. 2 U.S. gas producer, reported it is prepared to curtail again in the fall if prices “weaken materially” as prompt-month gas prices hovered around $2/MMBtu on July 30.
The 4,000 gross contiguous acres in northern Loving County are involved in litigation with Matador Resources, which the Texas Supreme Court ruled lost its lease.
Credit-rating firm Fitch Ratings cited the 2 Bcf/d Texas plant’s frequent downtimes among the factors leading to lowering Freeport LNG Investments LLLP’s credit grade on July 25.
© 2024 Hart Energy. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.