ExxonMobil to Sell Older Permian Assets to Hilcorp in $1B Deal

• Wednesday, 13th November 2024
• by Doaa Ashraf

Exxon Mobil Corp. has reached an agreement to sell its conventional oil drilling assets in the Permian Basin of Texas and New Mexico to Hilcorp Energy for approximately $1 billion, according to Reuters. “The sal...

Chevron Plans to Ramp Up Production to 1 mboe/d in New Mexico by 2025

• Tuesday, 15th October 2024
• by Doaa Ashraf

Chevron plans to ramp up production on the New Mexico side of the Permian Basin, one of the most prolific oil and gas regions in the US. “We see great potential there,” said Healey, the company’s New Mexico asset mana...

Number of US Oil, Gas Rigs Rises for Third Consecutive Week

• Sunday, 4th October 2020
• by Editorial Team

US energy firms have added oil and gas rigs for a third week in a row following oil price increases, something that has not been seen since October 2018, according to Reuters. The number of active rigs rose five to 26...

36 Oil Tanks Catch Fire in New Mexico, USA

• Thursday, 14th July 2016
• by Egypt Oil & Gas

A massive fire broke out at an oil field operated by WPX Energy, in San Juan County, New Mexico. The fire caused several explosions that led to the closing of the nearby highways and forced the local residents out of ...

Enterprise to Construct New Natural Gas Processing Facility

• Thursday, 23rd June 2016
• by Egypt Oil & Gas

The American natural gas and crude oil pipeline company, Enterprise Products Partners L.P., has announced plans to construct a new cryogenic natural gas processing facility, along with the natural gas and natural gas ...

UAE’s Gulf Energy to Purchase Share in US Helium Gas Field

• Tuesday, 2nd February 2016
• by Egypt Oil & Gas

Gulf Energy Corporation, a UAE-based privately-held energy company, has signed an agreement to purchase a share in the deep gas development well in the US state of New Mexico to be drilled in 2017, Trade Arabia report...