Acquisitions & Divestitures - Exploration & Production
Everyone in oil and gas is talking Big Data, but is anyone doing anything about it?
Petroflow Energy Corp. has retained Stephens Inc. as its exclusive advisor in connection with the sale of its Central Oklahoma and West Texas assets.
Crude production in the country has dropped to less than half its level in 1998.
Shell and Inpex are on the final stretch of a years-long race to export gas from offshore northern Australia, where both have spent billions of dollars building the world's biggest maritime vessels to grab a slice of Asia's booming LNG market.
Oil rose above $75 per barrel on April 24 to its highest since November 2014 before paring some gains, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran.
Leading shale oil producers are generating significant free cash with oil prices at present levels.
Dave Pursell, who recently joined Apache in early 2018, will take over the company's corporate reservoir engineering department.
Libya had not given the required formal approval to the Total-Marathon deal, meaning it could be blocked, the source added.
Drillers added five oil rigs in the week to April 20, bringing the total count to 820, the highest level since March 2015, Baker Hughes, a GE company, said in its weekly report.
Canyon Creek CEO Luke Essman said the JV partnership with Pivotal Petroleum Partners signals a renewed interest in the Arkoma.
Comstock Resources CEO Jay Allison recently spoke with Hart Energy about why his company is seeing great returns in the Haynesville Shale.
The pact runs until the end of this year, and an OPEC meeting in June in Vienna will see participants decide their next course of action.