Exploration & Production - News
The Trion Field is in the Perdido Fold Belt area in the deepwater GoM.
Dakota Land retained EnergyNet to sell producing mineral and royalty interests in a 32 producing wells located within the Anadarko Basin in Alfalfa and Garfield counties, Okla.
A survey by DNV GL also indicated that more energy companies were preparing for a long-term shift to cleaner energy sources.
Appalachia shale gas producer EQT, forecast 2019 capex in the range of $1.9 billion to $2 billion, which was lower than its forecast for the previous year. Story updated at 4:06 p.m. CST Jan. 22.
Durand Energy Holdings has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain Delaware Basin minerals.
U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure in 2019, challenging OPEC’s resolve to support the market with output cuts, the International Energy Agency said on Jan. 18.
Exxon Mobil, ConocoPhillips, Oxy, Pioneer Natural Resources and Shell are among the oil and gas firms that have joined the Permian Strategic Partnership.
As a result, the company’s former CFO, Alexander Krane, is set to move to a position as investment director at Aker ASA, a Norwegian holding company that holds a 40% stake in Aker BP.
Hedge fund Firefly Value Partners criticized how Gulfport Energy has allocated capital and complained that current board members may not be committed to pushing for improvements.
The Canadian province of Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments.
Purchases of the Shell and ConocoPhillips holdings would give East Timor a majority stake in the project, along with remaining partners including Australia's Woodside Petroleum and Japan's Osaka Gas.
OPEC said on Jan. 17 it had cut oil output sharply in December before a new accord to limit supply took effect, suggesting producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand.