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HomeExploration and Production

Exploration and Production

Energy News Beat Podcast
Crude Oil News

Energy News Beat Podcast – We interview Ryan Ray, President of War Room Media whale and oil coinsure

May 12, 2021 Stu Turley

You have to listen, watch, or read this interview on The Energy News Beat Podcast! We interview Ryan Ray, who is the most fun podcaster in the oil and gas market! It did not take […]

Shell -Shell -Energy News Beat
Crude Oil News

Shell announces deep-water discovery in the U.S. Gulf of Mexico

May 12, 2021 Stu Turley

Shell Offshore Inc. (“Shell”), a subsidiary of Royal Dutch Shell plc, today announced a significant discovery at the Leopard prospect in the deep-water U.S. Gulf of Mexico (GoM). The Leopard well encountered more than 600 feet (183 meters) net oil pay […]

OXY - Energy News Beat
Exploration and Production

Occidental Petroleum says federal leasing ban would hurt U.S. oil growth

May 11, 2021 Andy Del Prado

(Reuters) – U.S. oil and gas producer Occidental Petroleum said federal drilling permits are moving forward in the Permian Basin shale field following a federal pause this year, but a longer-term ban could hurt U.S. […]

Crude Oil News

Marathon Oil returns to limited Oklahoma, Delaware Basin operations

May 7, 2021 Stu Turley

Houston — Marathon Oil is returning to limited operations in Oklahoma and the Permian Basin’s western Delaware Basin in New Mexico before ramping up next year, the company’s top executives said May 6. The company opted […]

Oasis - buying Diamondback Energy Bakken assets -energynewsbeat.com
Bankruptcy

Oasis is buying out Diamondback Energy’s Bakken assets in all-cash purchase

May 7, 2021 Stu Turley

Just a few months after existing Chapter 11 bankruptcy, Oasis Petroleum is buying up all of Diamondback Energy ’s Bakken assets, adding about 95,000 acres to its already extensive Bakken Portfolio in an all-cash deal valued at […]

Northern Oil and Gas - Energy News Beat
Earnings

Northern Oil and Gas, Inc. Announces First Quarter 2021 Results

May 7, 2021 Stu Turley

Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced the company’s first quarter results. First quarter production of 38,417 Boe per day, up 7.5% sequentially from the fourth quarter of 2020 First quarter […]

Saudi Aramco
Exploration and Production

Saudi Aramco Needs More Than Just Strong Earnings

May 6, 2021 Andy Del Prado

Saudi Arabia’s national oil company Aramco has again outperformed forecasts. The world’s largest oil company, and 2nd largest listed company, reported a free cash flow of $18.3 billion in Q1 2021, a 30% increase from Q1 […]

Leonore Gewessler Photographer -Helmut Fohringer-AFP via Getty Images - EnergyNewsBeat ENB
Crude Oil News

Austria Energy Minister Warns OMV Its Time in Oil Is Running Out

April 30, 2021 Stu Turley

Austria’s top energy official told OMV AG it must start figuring out how to do business without fossil fuels now or risk losing its business in three decades. Transport and Energy Minister Leonore Gewessler delivered the unusually […]

Exxon - EnergyNewsBeat
Earnings

ExxonMobil earns $2.7 billion in first quarter of 2021

April 30, 2021 Stu Turley

ExxonMobil last Friday posted estimated earnings of $2.7 billion in the first quarter of 2021 compared with a loss of $610 million in the same quarter last year. The company stated that the positive results reflect the benefits […]

Chevron 4 - EnergyNewsBeat ENB
Earnings

Chevron profit drops on weaker refining margins, storm hit

April 30, 2021 Stu Turley

Chevron Corp ’s first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset […]

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