“That’s the max,” chief executive Rick Muncrief told analysts today, citing the steep backwardation in the oil market due to uncertainty around the potential return of Iranian supplies as well as other factors. “That’s why […]
The Permian Basin looks strong until at least 2025 despite challenges from Biden’s alternative energy push, with oil output climbing steadily after its dip during the 2020 pandemic, as companies rush to consolidate their assets […]
The economies are now reopening, thereby calling for more oil production since the commodity is a prime source of fossil fuel that is used for transportation and power. The rising demand for crude is reflected […]
The Permian Basin will be the go-to target for Devon Energy Corp. this year, with 80% of this year’s capital budget and nearly all of the rigs directed to the massive formation. The Oklahoma City-based […]
Joe Biden will sign a series of executive actions on Wednesday to combat climate change, including temporarily blocking new leases for oil drilling on federal lands and ordering other measures to overhaul U.S. energy, according […]
ENB Publishers Note: Originally published on Dec 17th, Oaktree yesterday funded another $600 mm to fund natural gas plays in North Texas – sources ______ LA Business Journal: Oaktree Capital Management, the downtown-based asset management […]
TULSA, Okla.–(BUSINESS WIRE)– Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the shareholders of both companies voted in favor of all proposals necessary for the closing of the previously announced […]
Energy News Beat Publishers Note: It will be interesting to see if the oil and environmental groups could work together. CHEYENNE (AP) — U.S. officials have approved a 5,000-well oil and gas project spread across […]
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