Acquisitions & Divestitures - Exploration & Production
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.
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.
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.
Budget deal triples the tax credit for injecting carbon dioxide to bolster crude output.
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.
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.
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.
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.
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.
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.
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.
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.