Updated Aug 30, 2024
8/30/24
Senior Reporter
Minneapolis, MN
The father-son management team that developed and flipped a Permian Basin asset package to Ring Energy Inc. last year for $465 million has established a new venture with a similar playbook.
Mexico is on track to become Latin America’s leading LNG exporter in terms of regasification capacity, while the region as a whole could become a net liquefied natural gas exporter, according to Poten and Partners.
Williston Basin pure-play Chord Energy Corp. has agreed to acquire a package of assets from ExxonMobil subsidiary XTO Energy Inc. in a cash transaction valued at $375 million.
Mexico’s state oil company Petróleos Mexicanos (Pemex) has set an upstream capital expenditures (capex) budget of 240 billion pesos ($13.4 billion) for 2023, up from 162 billion pesos ($9.05 billion) in 2022.
Employment in the Texas upstream oil and gas industry continued to rise in April but at a slower clip than the previous month, according to the latest tally from the Texas Independent Producers and Royalty Owners Association (TIPRO).
North American natural gas demand is likely to grow by roughly 25% over the next 10 years and stay resilient through 2050 as the world shifts to lower-carbon energy, according to new projections from Wood Mackenzie.
Brazilian national oil company Petróleo Brasileiro SA, aka Petrobras, managed to avoid expensive LNG imports during the first quarter amid historically high reservoir levels at the country’s hydroelectric dams.
North Dakota reported flat growth in natural gas production in March versus February, with producers signaling no plans to curb output despite low prices in the Bakken Shale, according to the state’s Department of Mineral Resources (DMR).
Vital Energy Inc. and Northern Oil and Gas Inc. (NOG) are teaming up to acquire the assets of Forge Energy II Delaware LLC, an EnCap Investments LP portfolio company based in the Permian Basin, in a $540 million all-cash transaction.
U.S. natural gas gas exports to Mexico via pipeline fell on a year/year basis in 2022 for the first time since 2010, according to the U.S. Department of Energy (DOE).