Unlike most U.S. producers, Diversified, which this month changed its name from Diversified Gas & Oil, does not drill new wells, but buys mature gas fields and focuses on slowing their decline rates.
The divestiture primarily comprise natural gas-producing properties in the western Delaware Basin of the Permian and also include a small undeveloped acreage position, Callon Petroleum said.
Its latest pilot project includes a deal with electric and gas utility Xcel Energy to buy natural gas for its Colorado customers produced by Crestone Peak Resources and certified as “responsibly sourced” by Project Canary.
PetroRock LLC retained TenOaks Energy Advisors for the sale of certain operated properties in the Cat Canyon oil field in the Santa Maria Basin in California’s Santa Barbara County.
Today’s featured 25 Influential Women in Energy honoree is Jennifer McCarthy, president and COO of Alta Resources LLC based in Houston.
As California Resources is tracking to the high end of 2021 free cash flow guidance, the company will look for additional ways to return capital to our shareholders as the year progresses, CEO Mac McFarland says.
Chesapeake Energy Interim-CEO Mike Wichterich said the search for a replacement would take a few months, adding that former CEO Doug Lawler had not left because of any action and strategy was unchanged.
This collaboration expands Mitsubishi Power’s capability to store hydrogen safely and cost effectively in salt caverns in strategic locations across North America.
Repsol will buy 40% of the Chicago-based business, which is one of the largest privately-owned developers and operators of solar power plants in the United States.