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...

US Matterhorn Pipeline Commences Operations, Boosting Permian Gas Transport

• Thursday, 3rd October 2024
• by Doaa Ashraf

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. This developmen...

APA Reveals $950M Non-Core Asset Sale Deal in the Permian Basin

• Wednesday, 11th September 2024
• by Doaa Ashraf

 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. The properties are in the Central Basin Platf...

ExxonMobil Eyes Net Zero Emissions in Permian Basin By 2030

• Wednesday, 8th December 2021
• by Editorial Team

ExxonMobil plans to achieve net zero greenhouse gas (GHG) emissions from operated assets in the U.S. Permian Basin by 2030, announced the company. This is considered a step towards accelerating and expanding its emiss...

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...

US Shale to Decline by 68,000 bbl/d in October

• Tuesday, 15th September 2020
• by Editorial Team

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, according to Reuters. The decline in output will take US production to...

ConocoPhillips Withdraws Request to Extend Flaring Permits

• Sunday, 6th September 2020
• by Editorial Team

US supermajor ConocoPhillips has withdrawn its request to extend 41 flaring permits at its sites in West Texas following operational improvements, according to Reuters.  ConocoPhillips is continually taking steps to r...

Chevron Approves $5 B Takeover of Noble Energy

• Tuesday, 21st July 2020
• by Editorial Team

American supermajor Chevron Corporation has agreed to acquire all of the outstanding shares of Noble Energy for a total of $5 billion, or $10.38 per share, according to a press release. The strategic acquisition bolst...

EnLink Acquires Permian Basin Crude Operation

• Thursday, 15th January 2015
• by Egypt Oil & Gas

A subsidiary of EnLink Midstream Partners LP has agreed to by LPC Crude Oil Marketing LLC,  which has crude oil gathering, transportation, and marketing operations in the Permian basin. LPC purchases, transports, and ...