In the interim, David Looney, Murphy Oil’s executive vice president and CFO, will temporarily assume RogerJenkin’s responsibilities as president and CEO.
Editor’s note: there were no updates from the previous week’s A&D transactions chart that ran March 18.
The company had previously expected the project with estimated reserves of 300 million barrels to start production in 2025.
Here’s a snapshot of energy deals from the past week including the $94 million acquisition of NexTier’s well services business by Basic Energy.
On average, Reuters estimates North America oil and gas producers have cut their 2020 budgets by about 30% since the fall in oil prices.
Hart Energy’s Completions Chart looks at well completions in major North American unconventional plays by operator. The number of wells reported is sorted by play and by operator, and there is a tab that summarizes all plays by operators.
North American oil and gas producers have slashed their capital spending by about 30% on average after crude prices crashed earlier this week, according to data compiled by Reuters.
NOVA Gas Transmission Ltd. (NGTL), a subsidiary of TC Energy, entered the proposed purchase agreement through an exclusive letter of intent with Tidewater Midstream and TransAlta.