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BP CEO: Final Permian Processing Facility to Come Online by Mid-year
BPX Energy, BP’s Houston-based subsidiary, plans to bring on its fourth and last Permian Basin processing facility in mid-year 2025, CEO Murray Auchincloss said.
Canada’s Pembina Pipeline in No Rush to Invest in TMX
The Trans Mountain Pipeline’s toll structure has too much "uncertainty," said Pembina CFO Cameron Goldade on an earnings call.
What's Affecting Oil Prices This Week? (May 13, 2024)
For 2024, increasing supply will be more challenging unless U.S. producers start ramping up their capex and drilling programs beyond their current plans.
Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field
Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.
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BP CEO: Final Permian Processing Facility to Come Online by Mid-year
BPX Energy, BP’s Houston-based subsidiary, plans to bring on its fourth and last Permian Basin processing facility in mid-year 2025, CEO Murray Auchincloss said.
Canada’s Pembina Pipeline in No Rush to Invest in TMX
The Trans Mountain Pipeline’s toll structure has too much "uncertainty," said Pembina CFO Cameron Goldade on an earnings call.
What's Affecting Oil Prices This Week? (May 13, 2024)
For 2024, increasing supply will be more challenging unless U.S. producers start ramping up their capex and drilling programs beyond their current plans.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
Baker Hughes said oil rigs fell three to 496 this week, their lowest since November, while gas rigs rose one to 103.
Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field
Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.
Energy Transfer Remains Hungry for M&A, Sees 1Q Oil Volumes Surge
Energy Transfer reported record first-quarter crude volumes and expects demand for petrochemicals to continue rising.
Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space
Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.
Kissler: Mideast Tension Elevates Crude Prices—But for How Long?
Producers should be aggressive in locking in desirable crude oil prices on an abnormal market strength.
Enverus: Permian Gains Will Sustain US Oil Production Through 2030
Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.
Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas
Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.