Vitol Group is buying Hunt Oil Co.’s Permian Basin business as the biggest independent crude trader makes a major move into the world’s busiest shale patch. The deal includes 44,000 acres across five counties in the […]
After the number of drilled but uncompleted wells demonstrated a dramatic drop across multiple US basins in the past year, heightened drilling activity and stable commodity prices are starting to reveal a recovery of young […]
Two years ago, Pioneer Natural Resources was reversing course and retrenching after Wall Street soured on the Irving-based oil and gas company. “The market clearly isn’t paying for your business model,” one analyst said while another complained […]
Pioneer Natural Resources is buying its neighbor in the Midland Basin, making it the largest producer in the Permian Basin. Irving-based Pioneer is using a combination of its own stock, cash and debt to purchase […]
ENB Publishers Note: Early thoughts – high price for only 9,000 BOEPD but with large available drillable sites left, this deal looks to be a gamble on lease costs going up over the next few […]
Last year, BP Plc called on Texas regulators to take bold action to stamp out the routine flaring of natural gas, a harmful environmental practice that’s drawn increasing scrutiny from investors. Yet on Tuesday, it was BP’s […]
As much as 40% of the natural gas that’s expected to be flared in the Permian Basin in 2025 could be avoided at no cost to drillers if regulators abandoned their hands-off approach to the […]
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