Acquisitions & Divestitures - Exploration & Production

US Sets Largest Offshore Oil, Gas Lease Auction For March

The Interior Department said it would offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida, an auction that includes all available unleased areas in the Gulf of Mexico.

February 16, 2018

Drillinginfo's Allen Gilmer Talks Oil Patch Trends

Drillinginfo Co-Founder and Executive Chair Allen Gilmer sat down with Hart Energy recently to give his outlook for U.S. oil and gas producers.

February 16, 2018

Against the Grain: Citizen Energy CEO Talks Pure Plays, Midcontinent A&D

Citizen Energy CEO Greg Augsburger loves the Anadarko Basin but is unconvinced by the ‘in vogue’ pure-play trend, preferring to chase rocks that give the best results.

February 16, 2018

Spending Bill Expands Carbon Tax Credit, Boosting Oil Producers

Budget deal triples the tax credit for injecting carbon dioxide to bolster crude output.

February 16, 2018

Noble Energy Deals GoM In ‘Last Major’ Portfolio Tweak

Fieldwood Energy will purchase Noble’s GoM assets in a deal valued at $710 million, including $480 million in cash and $230 million in assumed liabilities.

February 15, 2018

Canada’s Cenovus Energy Posts Jump In Quarterly Profit

Oil producer Cenovus Energy Inc.’s said Feb. 15 its fourth-quarter profit soared, as production nearly doubled and the Canadian company reined in expenses.

February 15, 2018

Encana's Fourth-Quarter Profit Beats, Production Rises

Last month Encana said it plans to invest nearly 70% of this budget to boost production in Permian and Montney, as oil investors pressure producers to improve production without significantly increasing capital budgets.

February 15, 2018

Marathon Oil Profit Beats Forecasts On Rising Crude, Cost Cuts

For 2018, Marathon plans a capital budget of $2.3 billion, of which about 60% of that will be spent in the Bakken and the Eagle Ford Shale. The rest will be spent in the Permian Basin and Oklahoma.

February 15, 2018

Deepwater Vs. Onshore Depends On ‘Flavor Of The Month’

At the recent NAPE Global Business Conference, panelists from Hess and Akin Gump gave insight on what plays into developing resources in the Lower 48 or international deepwater.

February 15, 2018

Eyeing Growth: Occidental Looks To Increase Permian Production

The company said it plans to spend $3.9 billion overall in 2018 and increase production by between 8% and 12% with a 40% annual growth in Permian resources in 2018.

February 14, 2018

Linn Energy Hits Another High Note With West Texas Asset Sale

Linn Energy has sold more than $1.8 billion in assets as it prepares to divide into three companies, including one in the Oklahoma Stack.

February 14, 2018

Murphy Oil CFO John Eckart Announces Intention To Retire

Currently, Murphy Oil has a search process underway to identify CFO John W. Eckart’s successor, the El Dorado, Ark.-based company said in a press release.

February 13, 2018

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