Occidental President and CEO Vicki Hollub said, among record earnings results, Oxy would extend its Permian JV with Ecopetrol in the Midland and Delaware basins to encompass 20,000 net acres.
Verado Energy Inc. and partners retained Core Energy Advisors for the sale of operated properties located within the Permian Basin in the Hermleigh East Field of Scurry County, Texas.
Ecopetrol will take a 40% stake in the blocks while Occidental Petroleum subsidiary Anadarko Colombia Co. will have a 60% stake and will serve as the blocks’ operator, Ecopetrol said.
Through a non-binding MOU, W&T Offshore and KNOC will explore potential joint ventures in upstream oil and gas as well as opportunities related to energy transition and the reduction of global carbon emissions.
Archaea Energy will develop, engineer, construct and operate the renewable natural gas facilities, which will be located at Republic Services' landfills in 19 states.
As part of the agreement, Talos and partner Carbonvert would contribute the Bayou Bend CCS lease to an expanded JV including Chevron in exchange for consideration of cash at closing and capital cost carry through project FID.
Pembina Pipeline and KKR on March 1 agreed to form a JV, merging their Western Canadian gas processing assets in deals worth CA$11.4 billion (US$8.99 billion), which included the Energy Transfer Canada transaction.
The repurchase of interests in its development company joint ventures with Stonepeak had previously been discussed during Targa Resources’ third-quarter earnings call last November.
The new platform will result in increased transparency, fewer data errors, less manual reconciliation and will minimize delays in transaction settlements.