Steady production growth and a positive investment outlook is expected to restore production of the Permian Basin to pre-pandemic levels by next year, according to a latest report by GlobalData.
Black Stone Energy Co. LLC retained EnergyNet for the sale of interests in over 6,500 wells across the U.S. including throughout Arkansas, Kansas, Louisiana, New Mexico, Oklahoma and Texas.
Pioneer CEO Scott Sheffield anticipates output in the Permian Basin to grow roughly 5%—in line with his own company’s planned production increases—over the coming years.
Mammoth Exploration retained RedOaks Energy Advisors for the sale of certain Permian Basin properties concentrated in Andrews and Crane counties, Texas, and New Mexico’s Lea County.
President Joe Biden and German Chancellor Angela Merkel last month reached an agreement that allows the pipeline that will take Russian gas to Germany to proceed.
Plano, Texas-based Vine Energy aims to become the first natural gas producer in the Haynesville Basin to certify 100% of its assets as “responsibly sourced” through an agreement with Project Canary.
While Diamondback Energy and Continental Resources beat Wall Street profit estimates, Pioneer Natural Resources only met expectations, but declared an inaugural variable dividend to be paid during the third quarter.
Out of the major U.S. shale plays, the rig count in the Denver-Julesburg and Gulf Coast basins has increased the most, according to Enverus Rig Analytics.
Endeavor Energy Resources retained EnergyNet for the sale of a Permian Basin package comprising operations in 20 wells in Schleicher County, Texas.
The new pipeline in the south will start in Tuxpan in the Mexican state of Veracruz and run by sea to link with the Mayakan pipeline in the states of Campeche and Tabasco.