Onshore

Ecopetrol in Discussions with Oxy to Buy $3.6B Stake in CrownRock

Occidental Petroleum is in talks with joint venture partner Ecopetrol SA to acquire a 30% stake in CrownRock LP for approximately $3.6 billion, according to regulatory filings.

July 19, 2024

Beyond the Horizon: Exploring the Permian’s Longest Laterals

Horizontally drilled lateral wells are all the rage in the Permian Basin. Let’s take a look at the 10 longest wells drilled in the Basin.

July 19, 2024

EOG Resources Wildcatting Pearsall in Western Eagle Ford Stepout

EOG Resources spud the well June 25 in Burns Ranch with rights to the Pearsall well about 4,000 ft below the Eagle Ford, according to myriad sources.

July 19, 2024

US’ Largest Co-located Solar, BESS Project In Service

The Gemini solar and storage project includes 1.8 million solar panels that can generate up to 690 megawatts, powering approximately 10% of Nevada’s peak power demand.

July 18, 2024

Gold H2, Oil Company Ink Deal for Microbial Hydrogen Technology

Houston-based Gold H2 has made its technology available to select oil and gas companies for pilot demonstrations.

July 18, 2024

ONEOK to Build New Pipeline, Expand Capacity from Kansas to Denver

ONEOK plans to build a 230-mile refined products line from western Kansas to the Denver International Airport as part of a $480 million network upgrade.

July 18, 2024

Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024

Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.

July 18, 2024

SM Energy Offers Senior Notes to Help Fund $2B XCL Resources’ Deal

SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.

July 18, 2024

Energy Transfer-Sunoco JV Forms Monster Permian Network

The joint venture between midstream operators Sunoco and Energy Transfer’s crude gathering in the Permian Basin should prove to be mutually beneficial, analysts say.

July 17, 2024

Summit Midstream Commences Tender Offer on Notes Due 2026

Summit Midstream also announced July 17 a proposed offering of $500 million in aggregate principal amount of new senior secured second lien notes due 2029.

July 17, 2024