Concho Resources said “capital discipline and moderating activity” would help the company, which focuses in the Permian Basin, generate more cash this year
Elevation Resources CEO Steve Pruett explains why he thinks the pipeline constraints in the Permian Basin are temporary. Plus, Pruett spoke to Hart Energy about why Midland producers should be concerned about geopolitical events.
Oklahoma City-based Devon Energy launched plans for its transformation on Feb. 19 including the possible sale or spin-off of its Canadian and Barnett Shale assets.
Production increases in the Permian Basin, the biggest oil patch in the U.S., and the Bakken has led overall output increases in the country over the past year, the EIA says.
Three Rivers IV LLC emerged earlier this month following an equity commitment of up to $500 million by Riverstone Holdings to focus on oil and gas acquisition opportunities in the Permian Basin.
In a two-hitter, Mid-Con Energy agreed to sell substantially all of its Texas properties while also picking up producing Oklahoma properties.
Funds managed by Blackstone agreed to acquire the stake in Targa Badlands, which operates oil and gas gathering and processing assets in the Bakken.
Equinor said studies of the ocean showed conditions were about as harsh as other settings where Equinor has operations, including the Norwegian Sea, the Barents Sea, off Canada's east coast and offshore Brazil.
U.S. Silica Holding has been investing in this unit as it records slowing growth in its oil and gas proppant segment, with oil producers hampered by tight pipeline capacity and lower crude prices holding back on completing wells.