Exploration & Production - News

US Shale Surge Boosts Industry Finances, Puts Deals In Spotlight

U.S. shale firms are more profitable than ever after a strong third quarter and the change is evidence shale firms have moved to "harvest mode" and turned toward deal making.  

November 16, 2018

Santos-Quadrant Energy Combination Approved By Aussie Competition Watchdog

Australia's competition watchdog, ACCC, said it will not oppose oil and gas firm Santos's $2.15 billion acquisition of Quadrant Energy.

November 16, 2018

Whiting Petroleum Taps Noble Energy’s Charles J. Rimer For COO Job

Charles J. Rimer will join Whiting Petroleum to serve as its COO after working with Noble Energy since 2002, most recently as the company’s senior vice president of global services.

November 15, 2018

Marketed: Vermilion Cliffs Partners Permian Basin Opportunity

Vermilion Cliffs Partners retained EnergyNet to sell assets throughout the Permian Basin in West Texas that consist of three packages with total cash flow of over $2 million per month.

November 15, 2018

Suncor Energy CEO Steve Williams To Retire Next Year

Suncor Energy CEO Steve Williams will step down in May 2019 with the company's COO, Mark Little, taking over the top job at that time.

November 14, 2018

Macron Agrees With Trump To Pressure Producers To Bring Down Oil Prices

French President Emmanuel Macron said he and U.S. President Donald Trump agreed to put pressure on oil producers to bring down oil prices.

November 14, 2018

Rockies Producer Bonanza Creek Energy Hires Brant H. DeMuth As CFO

Bonanza Creek Energy hired Brant H. DeMuth to serve as its CFO. He will join the company from fellow Rockies producer SRC Energy.

November 14, 2018

Marketed: EnCap Investments Core Utica ORRI

EnCap Investments retained Detring Energy Advisors to sell mineral and royalty interests within the core of the dry gas Utica Shale play.

November 14, 2018

US Shale Oil Production To Hit Record High In December, EIA Says

The total oil production from the seven major shale basins in the U.S. was expected to rise 113,000 bbl/d, driven largely by increases in the Permian Basin, the EIA said.

November 13, 2018

Marketed: Stroud Exploration Powder River Basin Assets

Stroud Exploration and Castell Oil have retained PetroDivest Advisors to sell Powder River Basin assets in Campbell and Johnson counties, Wyo.

November 13, 2018

Global Oil Demand Under Growing Threat From Electric Cars, Cleaner Fuel

The IEA’s central scenario is for demand to grow by about 1 million barrels per day (MMbbl/d) on average every year to 2025, before settling at a steadier rate of 250,000 bbl/d to 2040 when it will peak at 106.3 MMbbl/d.

November 13, 2018

Oil Majors Spending ‘Sweet Spot’ To Last To 2020

Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, said asset manager BlackRock.

November 13, 2018

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