Here’s a snapshot of recent energy deals including a multimillion-dollar acquisition by ConocoPhillips in Canada’s Montney Shale plus CNX Resources’ buyout of its midstream affiliate.
ConocoPhillips agreed to pay Kelt Exploration roughly $375 million in cash for 140,000 net acres directly adjacent to the company’s existing position in Canada’s Montney Shale.
Mainline pipeline moves about 3 MMbbl/d of western Canadian oil.
In the interim, David Looney, Murphy Oil’s executive vice president and CFO, will temporarily assume RogerJenkin’s responsibilities as president and CEO.
Abandonment of oil sands project costs Alberta thousands of jobs to be created.
The approach leverages sound waves to give operators eyes inside their wellbores.