An analyst by Mercer Capital showed production per acreage deals have skyrocketed 10x in the past six months, pushing the limits of what could constitute an economically feasible deal in the Permian Basin.
MPLX said it is expanding several projects, including in the Permian Basin where the Whistler pipeline is increasing from 2 Bcf/d to 2.5 Bcf/d.
Rimrock Resource Partners LLC and Cornerstone Petroleum Midcon LLC retained RedOaks Energy Advisors for the for sale of certain operated and nonoperated properties in the Midcontinent.
U.S. Senator Joe Manchin said Aug. 1 that he secured a commitment from President Joe Biden, Senate Majority Leader Chuck Schumer and House of Representatives Speaker Nancy Pelosi to allow the long-delayed Mountain Valley to be completed.
Bissell Oil was retained by Energy Advisors Group (EAG) to source capital for the development of their Green River vertical development prospect located in Summit and Daggett Counties, Utah.
Sabine Oil and Gas Corp., as trustee for the Forest Oil Corp. Pension Trust, retained EnergyNet for the sale property package in Upton County, Texas, through an auction closing Aug. 16.
Both U.S. shale producers sweetened the pot for investors by announcing higher returns, with Devon Energy raising its quarterly dividend to $1.55 from $1.27 and Diamondback Energy hiking share repurchases by $2 billion to $4 billion.
Despite Exxon Mobil’s pledge to return approximately $30 billion via share repurchases and a nearly equivalent amount via dividends in 2022, some analysts highlighted at least one issue with the oil major’s plans.
Through USA Compression's Dual Drive system, Callon Petroleum will be able to reduce its greenhouse-gas emissions natural gas or electric-powered compression services.