Northern Oil and Gas A&D Gains Traction through Permian ‘Ground Game’
Non-op E&P Northern Oil and Gas (NOG) picked up its third-quarter...
Non-op E&P Northern Oil and Gas (NOG) picked up its third-quarter A&D ground game in the Permian Basin, snagging 5.7 net in-process or future drilling locations and approximately 514 net acres, the company said in a third-quarter activity update.
The majority of wells from the transactions were spud by the end of the third quarter and are expected to turn in line to sales in 2024, the company said in an Oct. 25 activity update.
So far this year, NOG’s ground game added an estimated 24.9 net in-process or future drilling locations and approximately 1,823 net acres through 31 transactions at what the company described as “attractive full-cycle returns.” The company is also aggressively adding acreage through larger M&A in 2023, including three deals valued at nearly $1 billion.
White House shares greener vision for Arctic region
The Biden administration's recently released 10-year National Strategy for the Arctic Region prioritizes...
The Biden administration's recently released 10-year National Strategy for the Arctic Region prioritizes climate action and conservation and calls for reducing the region's dependence on the oil and natural gas industry. The plan comprises more than 30 objectives and 200 actions, including decreasing emissions, enhancing oil spill readiness, mitigating oil and gas production impacts and advancing climate research.
US oil and natural gas companies announced 25 mergers and...
US oil and natural gas companies announced 25 mergers and acquisitions in the third quarter, totaling $14 billion in value, down from $24 billion in the previous quarter and $16 billion in the same period last year, according to Enverus. Looking ahead, consolidation among larger independents and smaller players is likely to pick up, spurred by Exxon's and Chevron's recent blockbuster takeovers, Enverus noted.
Israel has reportedly agreed to delay its anticipated ground invasion of Gaza to allow the US time to deploy air-defense systems to protect US troops in the Middle East. US officials are concerned Israel's invasion could cause an uptick in militant groups targeting American forces in the region; at least 13 such attacks have occurred in Syria and Iraq in the past week. Israel hasn't disclosed the timeline of its ground invasion but said it would delay its plans until at least later this week.
The delay also gives Israel and the US additional time to negotiate the release of hostages held by Hamas and for humanitarian aid to reach Palestinians in Gaza. Hamas has so far released four hostages since capturing 222 people from Israel during its Oct. 7 attack.
Historybook: Erie Canal opens (1825); Women’s rights leader Elizabeth Cady Stanton...
Historybook: Erie Canal opens (1825); Women’s rights leader Elizabeth Cady Stanton dies (1902); Hillary Clinton born (1947); Hattie McDaniel, first Black Academy Award winner, dies (1952); Last known natural case of smallpox detected (1977).
Apple is hiking the price of AppleTV+ to $9.99 per month, up from $6.99/month. Hope you have room to keep Ted Lasso in your streaming budget, since Netflix and Disney+ also recently raised prices.
Donald Trump was fined $10,000 for violating a gag order in the New York civil fraud trial against him after he appeared to allude to the judge’s clerk when speaking to reporters. It’s the second fine he’s been hit with over the order in less than a week.
A judge in Australia ruled that Carnival was negligent for not canceling a cruise on which 663 passengers caught Covid—and 28 died—early in the pandemic.
Mattel’s doll sales jumped 24% thanks to the popularity of Barbie, the summer’s biggest blockbuster, helping the toy company beat earnings estimates.
