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 Matterhorn Express Pipeline has started transporting natural gas to the Transco pipeline, providing an addition to the midstream infrastructure of the Permian Basin in Texas, as Bloomberg reported.
APA Corporation has entered into an agreement for the sale of non-core producing properties in the Permian Basin for $950 million, prior to customary closing adjustments.
ExxonMobil plans to achieve net zero greenhouse gas (GHG) emissions from operated assets in the U.S. Permian Basin by 2030.
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.
US oil output is predicted to fall in October by 68,000 barrels per day (bbl/d) after output is set to decrease from seven major shale formations.
US supermajor ConocoPhillips has withdrawn its request to extend 41 flaring permits at its sites in West Texas following operational improvements
American supermajor Chevron Corporation has agreed to acquire the remainder of Noble Energy’s shares for a total of $5 billion, or $10.38 per share.
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