Exploration & Production - News
"Investor sentiment in the last year has really, markedly changed. I'd say it's gone from, 'drill, baby, drill,' to 'show me the money,'" says Hess CEO John Hess speaking at the OPEC International Seminar.
Pioneer's Scott Sheffield said this week that overall Permian output could flatten in the 12-month period ending September 2019, when proposed pipelines are completed.
U.S. sanctions on Venezuela are an attack against the stability of the global oil market, Venezuelan Oil Minister Manuel Quevedo said on June 21.
Jalapeño Corp. retained EnergyNet as its exclusive adviser to market their interest within the Permian Basin located in Eddy and Lea counties, N.M.
Shell committed to the ambitious three-year sale plan following the decision to acquire BG Group in 2015 and the latest announcements bring its total asset sales to around $27 billion.
U.S. shale producers and OPEC have started talking after years of acrimony, conscious that a balanced market is in their mutual interest.
Exxon Mobil encountered about 78 m (256 ft) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 5,504 m (18,057 ft) depth in 1,940 m (6,365 ft) of water. The Stena Carron drillship commenced drilling on May 25.
SandRidge's poison pill and executive compensation plan were rejected by shareholders, another victory for activist investor Carl Icahn, who had urged a 'no' vote for both.
U.S. federal energy regulators approved EQT Midstream Partners LP's request to proceed with construction along various segments of its $3.5 billion Mountain Valley natural gas pipeline from West Virginia to Virginia.
Steven P. Harris, who joins Abraxas from Sundance Energy Australia, brings more than 20 years of financial and leadership experience to the company.
Canadian oil and gas producer Baytex Energy said it would buy rival Raging River Exploration for about C$2.8 billion (US$2.13 billion) to expand in the oil-rich Duvernay Field in Alberta.
Paul Geiger, previously with Southwestern Energy, has more than 23 years of experience in oil and gas operations and will now help oversee HighPoint's growing operations in the D-J Basin.