Permian Resources Continues Buying Spree in New Mexico
Permian Resources said Jan. 30 it acquired more Delaware Basin...
Permian Resources said Jan. 30 it acquired more Delaware Basin acreage in two bolt-on acquisitions and an acreage swap.
The Midland producer executed two separate transactions to acquire 11,500 net leasehold acres and 4,000 net royalty acres in Eddy County, New Mexico for about $175 million.
During Q1 2024, Permian Resources also completed an acreage trade, further reinforcing its position in Lea County, New Mexico.
The company traded into approximately 2,000 net acres with “increased working interest” adjacent to its current position. The company also traded out of approximately 2,000 net acres of non-operated acreage and “lower working interest” operated acreage.
Permian Resources says it expects to begin development on the newly acquired acreage in 2024.
US liquefied natural gas developer Tellurian moved on Monday to dispel suggestions it...
US liquefied natural gas developer Tellurian moved on Monday to dispel suggestions it was considering a sale of the company as the recent appointment of a new financial advisor triggered speculations over the future of the operation.
Tellurian, which has struggled to progress the $14.5 billion Driftwood LNG project in Louisiana, appointed Lazard as financial advisor in December.
In the same month, the company ousted his co-founder and then chairman Charif Souki, with fellow co-founder Martin Houston taking the helm.
In a statement to shareholders on Monday, Houston hit out at “misleading” press coverage that suggested the company had picked Lazard as it was considering a sale.
Chevron's Duvernay sale seen attracting mid-sized Canadian shale operators
As Chevron Corp markets its Duvernay shale assets, the U.S. oil major is most likely...
As Chevron Corp markets its Duvernay shale assets, the U.S. oil major is most likely to find a buyer among a handful of mid-sized Canadian firms that are boosting investment in a region that has yet to fulfill its potential, analysts say.
The play is situated in west-central Alberta and currently produces nearly 200,000 barrels of oil equivalent per day (boepd), according to consultancy Wood Mackenzie. It is much smaller than the nearby Montney shale play and the major U.S. plays like the Permian.
Chevron's Duvernay assets could fetch up to $900 million, Houston-based advisory firm Energy Advisors Group estimates.
The drone that struck a US military outpost in Jordan, killing three US soldiers and injuring at least...
The drone that struck a US military outpost in Jordan, killing three US soldiers and injuring at least 40 more, arrived at the base, known as Tower 22, at the same time as a returning US drone, prompting confusion over whether it was friendly, US officials told news outlets yesterday. Iran has denied responsibility for the attack despite equipping militias in the area. The analysis of how the attack happened came as the US carefully considered how to respond without widening the war in the Middle East. Meanwhile, the prime minister of Qatar said talks had yielded progress toward a cease-fire in Gaza in exchange for the return of more hostages to Israel.
FanDuel parent Flutter lists on New York Stock Exchange. Rob...
FanDuel parent Flutter lists on New York Stock Exchange.Rob Gronkowski visited the NYSE trading floor yesterday to celebrate the kickoff of the company selling shares in New York, which—for now—is a secondary listing to the European company’s primary London Stock Exchange listing. The move steps up its competition with DraftKings. And with US sports betting booming thanks to legal changes, the FanDuel parent wants to go all in and is proposing making the NYSE its primary trading venue, which would be a blow to the London exchange.
Elon Musk revealed on X that the first human has received a brain implant from his company Neuralink.
A former IRS contractor who leaked Donald Trump’s tax records during his presidency and stole records of thousands of other wealthy people was sentenced to five years in prison.
Gas stoves are in the clear. The Department of Energy’s new efficiency guidelines for ovens and stoves dropped yesterday, and 97% of the models on the market already meet them.
Russian figure skater Kamila Valieva has been banned from the sport for four years because she tested positive for a forbidden substance ahead of the 2022 Winter Olympics. Because of the doping controversy, medals from the team event she participated in have still not been given out.
Alex Murdaugh is not entitled to a new murder trial, a judge ruled yesterday, even though a court clerk made improper comments to the jury.
The SmartLess podcast hosted by Will Arnett, Jason Bateman, and Sean Hayes is reportedly leaving Amazon for SiriusXM in a deal worth more than $100 million.
