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Pioneer to Buy DoublePoint in $6.4B Deal
Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the U.S.
Halliburton Claims Permian Automation Breakthrough
Halliburton reported that it has given a major operator real-time automated control of fracture placement while pumping on a multi-well pad in the Permian Basin. They the “SmartFleet” intelligent fracturing....
Secure Energy shares soar on $478 million friendly Tervita takeover
Shares in Secure Energy Services Inc. were trading higher after it announced an all-stock deal to buy oilfield waste disposal rival Tervita Corp., the latest in a string of consolidation transactions in the oilpatch.....
Enbridge receives Line 5 tunnel environmental permit
Enbridge Energy has received approval from the Michigan Department of Environment, Great Lakes, and Energy (EGLE) for certain permits required to build a utility tunnel under the Straits of Mackinac to house a proposed
Oxy Delivers First Carbon Neutral Oil Shipment
Oxy Low Carbon Ventures (OLCV) has announced that it has delivered the world’s first shipment of carbon neutral oil. The delivery, which was arranged in conjunction with Macquarie Group’s Commodities and Global Markets
SpaceX Eyes Gas Wells Near South Texas Launchpad
Elon Musk recently moved to Texas, where he launches some of his rockets and is building a battery factory. Now, for good measure, he plans to drill for natural gas in the state. The billionaire’s SpaceX intends to drill
TechCorr to work with 25 Plants of Crestwood on Inspection and Data Collection for the Mechanical Integrity Program.
TechCorr has been awarded the inspection and data collection services to implement a mechanical integrity system on nearly 25 plants for Crestwood Midstream. The entire mechanical integrity program will be completed
Eni Enters Largest Offshore Wind Project
Eni announced that it has entered the world’s largest offshore wind project with the acquisition of a 20 percent stake in the UK Dogger Bank (A and B) 2.4 gigawatt (GW) development. The company, which bought the 20%...
Chevron Earmarks $2B for Permian in 2021
Chevron announced a $14 billion capital and exploratory budget for 2021 The company also revealed that it has lowered its longer-term annual capital guidance for 2022 through 2025 to a range of $14 billion to $16 billion
Cenovus to buy Husky for $2.9 billion to create No.3 Canadian energy firm; more deals seen
Cenovus Energy Inc has agreed to buy rival Husky Energy Inc in an all-stock deal valued at C$3.8 billion ($2.9 billion) to create Canada’s No. 3 oil and gas producer as a pandemic-driven demand collapse and weak oil
Shale producer Pioneer Natural to buy rival Parsley for $4.5 billion in all-stock deal
Pioneer Natural Resources Co said on Tuesday it would buy smaller rival Parsley Energy Inc in a deal valued at about $4.5 billion, the latest consolidation among U.S. shale producers slammed by the rout in oil prices
Lake Charles company to permanently store millions of tons of greenhouse gases 10,000 feet below ground
A Lake Charles company has embarked on an ambitious plan to create a vast repository 10,000 feet beneath the Earth’s surface for the permanent storage of up to 80 million tons of carbon gas now released into the air by
ConocoPhillips to Acquire Permian Operator in $9.7B Deal
ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in
Oxy Selling Onshore Colombia Assets for $825MM
Occidental Petroleum Corporation (NYSE: OXY) has announced that it has signed an agreement to sell its onshore assets in Colombia to The Carlyle Group for a total consideration of approximately $825 million.
Shale producer Devon Energy to buy WPX Energy for $2.56 billion
In a $2.56 billion all-stock merger, Oklahoma City-based Devon Energy Corp. has acquired Tulsa’s WPX Energy Inc., a move that will expand Devon’s presence in the Delaware portion of the Permian Basin across West Texas...
Oil and gas waste facility coming to Permian Basin; New Mexico continues work on produced water
A facility that would inject liquid oilfield waste underground could be coming to the Delaware Basin in New Mexico after state regulators recently approved the needed permits for the facility. Milestone Environmental...
Exxon Hits More Oil Pay Offshore Guyana
Exxon reported that it has made its 18th discovery offshore Guyana at the Redtail-1 well, located on the Stabroek Block. “Our Stabroek Block exploration program continues to identify high-quality reservoirs in close.....
SLB Agrees to Create Geothermal Company
Schlumberger New Energy, a new Schlumberger (NYSE: SLB) business, and Thermal Energy Partners (TEP) have agreed to create STEP Energy; a geothermal project development company. STEP Energy will leverage its partners’
Barron Announces Major New Permian Discovery
Barron Petroleum LLC has revealed that the company has made its biggest oil and gas discovery to date. The business said it drilled a new discovery well in Texas’ Val Verde County and found an estimated 417 billion cubic
Oxy Makes $1.33B Deal
Occidental Petroleum (NYSE: OXY) has announced that it has entered into a deal to sell Wyoming, Colorado and Utah land grant assets to Orion Mine Finance for approximately $1.33 billion. The transaction is expected.....