Acquisitions & Divestitures - Exploration & Production
There are 2,000 groups spending $600 million on anti-energy and related campaigns in 2018, according to HBW Resources.
The company discovered two new oil fields, Sakab and Zumul, and a gas reservoir in the Sahba Field, Aramco said in the report.
Acreage in the Louisiana Austin Chalk and Anadarko Basin’s Oswego Formation were among the prospects presented during Summer NAPE.
Onshore push signals renewed confidence eight years after Macondo.
Oil prices rose on Friday but were heading for yet another weekly decline as concerns intensified that trade disputes and slowing global economic growth could hit demand for petroleum products.
PGP Holdings 1 retained Meagher Energy Advisors to sell Midcontinent Basin and Texas Panhandle nonoperated production and leasehold.
EnerVest Energy has engaged TenOaks Energy Advisors for the sale of certain operated assets in the San Juan Basin in San Juan and Rio Arriba counties, N.M.
Wexpro retained EnergyNet for the sale of certain oil and gas properties and related assets located in the South Moxa Arch in Wyoming.
Preliminary sale statistics show 29 companies placed 171 bids on 144 blocks in the U.S. GoM.
Australia’s Woodside Petroleum Ltd. said on Aug. 15 that its first-half net profit rose 6% and it raised its 2018 production outlook after strong performances from its Wheatstone and Pluto LNG projects.
The transaction comes days after Diamondback Energy said it would add to its Northern Midland position with the roughly $1.25 billion cash-and-stock purchase of Ajax Resources.