Diversified Gas & Oil’s EQT bolt-on, and an earlier deal with Carbon Energy, add upstream and midstream Appalachia assets primarily in West Virginia and Pennsylvania.
Here’s a snapshot of recent energy deals including the multimillion-dollar sale of a Louisiana LNG project to a British company.
U.S. drops 20 rigs from last week to current week’s total of 390. Hess, EOG Resources, Oxy USA, Marathon, Devon and Cimarex are among the many that have announced cuts or reductions to their programs.
A Niobrara Shale discovery in the Powder River Basin by EOG Resources plus high-volume Haynesville completions in Louisiana’s Red River Parish top this week’s drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including Shell’s multimillion-dollar exit from Appalachia Shale plus HighPeak Energy’s new merger agreement following a scuttled deal in the Permian Basin.
The pipeline will enter service in early 2022, its CEO says, if it gets tree-cutting permits.
The divestiture is part of Shell’s strategy to focus on the development of light tight oil assets, Shell Upstream Director Wael Sawan says.
The oil-rig count in the U.S. has now declined for seven weeks in a row, implying upcoming declines in domestic crude output.