Liquefied Natural Gas (LNG) , Shale Plays , CERAWeek

CERAWeek: CEO Patrick Pouyanné Jokes that Texas is TotalEnergies’ ‘El Dorado’

TotalEnergies CEO Patrick Pouyanné said during CERAWeek by S&P Global that Texas was important for his company, which he jokingly called the French company’s “El Dorado” due to the state’s love for oil, gas and renewables.

March 19, 2024

Shale Plays , Mergers , Trends , CERAWeek

CEO Darren Woods: What’s Driving Permian M&A for Exxon, Other E&Ps

Since acquiring XTO for $36 billion in 2010, Exxon Mobil has gotten better at drilling unconventional shale plays. But it needed Pioneer’s high-quality acreage to keep running in the Permian Basin, CEO Darren Woods said at CERAWeek by S&P Global.

March 18, 2024

Transactions , Shale Plays , CERAWeek

CERAWeek: Exxon Mobil CEO Says Not Trying to Acquire Hess

CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.'s Guyana assets in its dispute with Chevron, not buy the company itself.

March 18, 2024

Energy Industry Conferences , Exploration & Production , Shale Plays , Technology

Chevron Exec: Shale Still in ‘Early Days’ of Recovery Potential

From innovation to shale well recovery rates, executives at Chevron, SLB, Helmerich & Payne and Transocean see a lot more work ahead.

March 8, 2024

Shale Plays , Acquisitions & Divestitures

Uinta Basin's XCL Seeks FTC OK to Buy Altamont Energy

XCL Resources is seeking approval from the Federal Trade Commission to acquire fellow Utah producer Altamont Energy LLC.

March 7, 2024

Crude Oil , Rig Counts , Shale Plays , Drilling , Enhanced Oil Recovery

The Secret to Record US Oil Output? Drilling Efficiencies—EIA

Advances in horizontal drilling and fracking technologies are yielding more efficient oil wells in the U.S. even as the rig count plummets, the Energy Information Administration reported.

March 5, 2024

Energy Industry Conferences , Energy Transition , Shale Plays , Technology

‘Growth Story’ for Oil: Rice's Kenneth Medlock on Demand Trends

Economics drive oil demand, not politics, Rice University’s Kenneth Medlock said during the International Drilling Conference and Exhibition in Galveston.

March 5, 2024

Acquisitions & Divestitures , Mergers , Trends , Shale Plays , Liquefied Natural Gas (LNG) , Natural Gas

From Tokyo Gas to Chesapeake: The Slow-burning Fuse that Lit Haynesville M&A

TG Natural Resources rides the LNG wave with Rockcliff deal amid shale consolidation boom.

March 1, 2024

International , Natural Gas , Crude Oil , Shale Plays

Repsol Eyes Increasing Core US Upstream Business

Madrid-based Repsol SA will invest €$2.2 billion (US$2.38 billion) between 2024-2027 on its unconventional assets in the Marcellus and Eagle Ford as it focuses on increasing its core U.S. upstream business platform.

February 29, 2024

Shale Plays , Investment , Acquisitions & Divestitures , Earnings , Natural Gas

Analysts: Why Are Investors Snapping Up Gulfport Energy Stock?

Shares for Oklahoma City-based Gulfport Energy massively outperformed market peers over the past year—and analysts think the natural gas-weighted name has even more upside.

February 29, 2024