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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 &...
$4.275 Billion Acquisition – Ovintiv to Acquire Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources WTX

$4.275 Billion Acquisition – Ovintiv to Acquire Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources WTX

by Efrain Garcia | Apr 5, 2023 | Upstream News

Acquiring approximately 65,000 net acres of largely undeveloped resource in Martin and Andrews Counties, highly complementary with Ovintiv’s existing Permian Basin position Valued at approximately 2.8 times next twelve months (“NTM”) Adjusted EBITDA...
Call for Papers – ADIPEC 2023 – Abu Dhabi – DEADLINE April 14

Call for Papers – ADIPEC 2023 – Abu Dhabi – DEADLINE April 14

by Efrain Garcia | Mar 31, 2023 | Call for Papers

The ADIPEC Downstream Technical Conference will continue to bring together downstream leaders, experts and innovators from across the energy industry to share the latest strategies, technologies and best practice on operational transformation, circularity, energy...
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