Here’s a snapshot of recent energy deals including BP’s $1.1 billion acquisition of U.S. offshore wind assets plus Northern Oil and Gas’ entry into the Permian Basin.
The U.S. rig count rose by seven in the last week to 284. However, the count of oil and gas rigs operating remains down year-over-year by 69%.
Here’s a snapshot of recent energy deals including the sale of Schlumberger’s fracking business, OneStim, to Liberty Oilfield Services and the dissolution of Ovintiv’s Duvernay Shale JV with PetroChina.
Though the oil and gas industry has not recovered since the end of the second quarter, the Permian Basin remains the most active region.
In July, private and foreign oil companies produced some 57,000 bbl/d in Mexico, up 45% year-on-year, according to government data. Pemex production in July stood at 1.55 million bbl/d, a record low.
Recording zero rejects and zero re-makeups, the first running of TenarisHydril EasyDock connector was carried out successfully in Mexican shallow waters in the Gulf of Mexico.
The partnership dates back to December 2012 when PetroChina agreed to pay Ovintiv, going by Encana at the time, CA$2.18 billion for a 49.9% stake in its Duvernay shale prospect.
Wilks Brothers, led by oil billionaires Dan and Farris Wilks, has been acquiring stakes in hard-hit U.S. service firms, previously making two bids for Calfrac's U.S. operations that were rejected.
Here’s a snapshot of recent energy deals including Panhandle Oil and Gas’ entry into the Haynesville Shale through the acquisition of two packages of royalty acreage from Red Stone Resources.
The sale of the OneStim fracking business by Schlumberger to Liberty Oilfield Services is expected to create one of the largest pressure pumping companies in North America.