Darren
Barbee
Oil and Gas Investor
Energy Transfer Ups Quarterly Cash Distribution
Energy Transfer will increase its dividend by about 3%.
PHX Minerals’ Borrowing Base Reaffirmed
PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
73-year Wildcatter Herbert Hunt, 95, Passes Away
Industry leader Herbert Hunt was instrumental in dual-lateral development, opening the North Sea to oil and gas development and discovering Libya’s Sarir Field.
Kinder Morgan Nominates Deloitte’s Amy Chronis to Board
Amy Chronis, currently a senior partner with Deloitte, will stand for election along with Kinder Morgan’s current directors at the company’s annual meeting on May 8.
The Latest
M&A Spotlight Shifts from Permian to Bakken, Marcellus
Potential deals-in-waiting include the Bakken’s Grayson Mill Energy, EQT's remaining non-operated Marcellus portfolio and some Shell and BP assets in the Haynesville, Rystad said.
Chevron CEO: Permian, D-J Basin Production Fuels US Output Growth
Chevron continued to prioritize Permian Basin investment for new production and is seeing D-J Basin growth after closing its $6.3 billion acquisition of PDC Energy last year, CEO Mike Wirth said.
TotalEnergies Eyes Suriname FID by Year-end 2024
France’s TotalEnergies and U.S. partner APA Corp. look to place their long lead orders ahead of a final investment decision related to their joint development offshore Suriname in Block 58.
Diamondback Stockholders All in for $26B Endeavor Deal
Diamondback Energy shareholders have approved the $26 billion merger with Endeavor Energy Resources.
ProPetro to Provide eFrac Services to Exxon’s Permian Operations
ProPetro has entered a three-year agreement to provide electric hydraulic fracturing services for Exxon Mobil’s operations in the Permian Basin.
Kosmos Energy’s RBL Increased, Maturity Date Extended
Kosmos Energy’s reserve-based lending facility’s size has been increased by about 8% to $1.35 billion from $1.25 billion, with current commitments of approximately $1.2 billion.
Keeping it Simple: Antero Stays on Profitable Course in 1Q
Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
NOV Announces $1B Repurchase Program, Ups Dividend
NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.