Devon Energy’s chief executive revealed the formula that made the firm’s merger with WPX Energy work.
In February, EIV Capital raised $702 million in funding and said it had more than $900 million to deploy into new investments.
New York-based Hess Corp. announced a new discovery offshore Guyana and set its 2023 E&P capital and exploratory budget at $3.7 billion, of which more than 80% will be allocated to the Bakken and Guyana’s Stabroek Block.
Hess Corp. CEO John Hess expects his company’s shale production in the Bakken to plateau at 200,000 boe/d in 2024 and remain steady for eight to 10 years and overall U.S. shale production to flatten in 2025 or 2026.
President and CEO Rick Muncrief details Devon's course since its merger with WPX Energy; its deals in the Eagle Ford and Bakken; and the almighty dividend.
From the Bakken to Appalachia to the Gulf Coast, the arctic assault knocked out oil and gas production, and refining capacity.
Enerplus Corp. previously announced the sale on Nov. 2.
The company doesn’t mince words, whether it’s calling out “unsavory, unethical and dishonest mineral shops,” lowball offers or celebrating its wins over its better-capitalized competitors.