A Mississippi Canyon-Pliocene discovery by LLOG Exploration in the U.S. Gulf of Mexico plus Chesapeake and Southwestern Marcellus Shale wells and an EOG Powder River completion top this week’s oil and gas drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including EQT’s nearly $3 billion expansion in the Marcellus plus over $1 billion worth of transactions announced by Laredo Petroleum and Bonanza Creek’s merger with Extraction Oil & Gas.
Chesapeake on May 11 also declared an annual dividend on its common shares of $1.375 per share.
The most active operator continues to be Permian Basin-focused Pioneer Natural Resources at 30 rigs, which includes nine more rigs after closing its acquisition of privately held DoublePoint Energy.
The attack is one of the most disruptive digital ransom operations reported and has prompted calls from American lawmakers to tighten protections for critical U.S. energy infrastructure against hackers.
Marcellus and Utica shale discoveries, Diamondback completes a Wolfcamp producer in the Permian Basin plus an offshore prospect in the Gulf of Mexico’s Green Canyon Block top this week’s oil and gas drilling activity highlights from around the world.
Brenda Schroer previously served as senior vice president, CFO and treasurer of Concho Resources, where she oversaw the company’s ESG reporting.
EQT projects the acquisition, which adds a new operating position in the northeast Marcellus Shale play in Pennsylvania, will increase its free cash flow by 55%, or $2 billion, through 2026.