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BREAKING: Woodside Approves Investment in Trion Development $7.2 billion total capital expenditure

BREAKING: Woodside Approves Investment in Trion Development $7.2 billion total capital expenditure

by Efrain Garcia | Jun 21, 2023 | Upstream News

“We have competitively tendered major scopes of the development resulting in approximately 70% of total capital expenditure forecast as lump sum or fixed rate. The tendering process and direct engagement with contractors have confirmed both capability and...
BREAKING: $4.7 Billion Deal – Civitas Resources to Enter Permian Basin through Transformative Transactions

BREAKING: $4.7 Billion Deal – Civitas Resources to Enter Permian Basin through Transformative Transactions

by Efrain Garcia | Jun 20, 2023 | Upstream News

Civitas Resources to Enter Permian Basin through Transformative Transactions Highly accretive acquisitions to balance portfolio, create immediate scale, and enhance capital allocation flexibility DENVER–(BUSINESS WIRE)– Civitas Resources (NYSE: CIVI)...
BREAKING June 15 -Patterson-UTI Energy and NexTier Oilfield Solutions to Combine in Merger of Equals, Creating Industry Leading Drilling and Completions Services Provider

BREAKING June 15 -Patterson-UTI Energy and NexTier Oilfield Solutions to Combine in Merger of Equals, Creating Industry Leading Drilling and Completions Services Provider

by Efrain Garcia | Jun 15, 2023 | Upstream News

“Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders Combined $5.4 Billion Total Enterprise Value Drives Improved Free Cash Flow Generation and Strong Balance Sheet to...
BREAKING: $7.7 Billion Deal – Chevron to buy PDC Energy

BREAKING: $7.7 Billion Deal – Chevron to buy PDC Energy

by Efrain Garcia | May 23, 2023 | Upstream News

Complementary to Chevron’s operations in important U.S. production basins Adds 10% to oil equivalent proved reserves for under $7 per barrel Accretive to earnings per share and return on capital employed (ROCE) Expected to add $1 billion to annual free cash flow SAN...
May NEWS: INEOS completes major $1.4 billion acquisition of US onshore oil and gas assets

May NEWS: INEOS completes major $1.4 billion acquisition of US onshore oil and gas assets

by Efrain Garcia | May 15, 2023 | Upstream News

INEOS Energy has completed the acquisition of approximately 2,300 wells producing net 36,000 BOED (barrels of oil equivalent per day) in the Eagle Ford shale, from Chesapeake Energy. The deal marks the entry of INEOS Energy as operator into the US onshore oil &...
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