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$231mm ACQUISITION: Kimbell Royalty Partners, LP Announces $231 Million Midland Basin Acquisition in Cash and Unit Transaction

$231mm ACQUISITION: Kimbell Royalty Partners, LP Announces $231 Million Midland Basin Acquisition in Cash and Unit Transaction

by Efrain Garcia | Jan 8, 2025 | Upstream News

Oil and natural gas royalty interests located under the prolific Mabee Ranch in the Core of the Midland Basin on over 68,000 gross acres HIGHLIGHTS Expected to be immediately accretive to distributable cash flow per unit, with estimated acceleration of accretion over...
ConocoPhillips Alaska Achieves First Oil at Nuna -Company plans to invest $1 billion annually in similar projects

ConocoPhillips Alaska Achieves First Oil at Nuna -Company plans to invest $1 billion annually in similar projects

by Efrain Garcia | Dec 22, 2024 | Upstream News

This Article Brought to you by: ConocoPhillips Alaska announced the successful production of first oil from the Nuna drillsite 3T, in the Kuparuk River Unit (KRU), on Alaska’s North Slope this month. According to the company, the achievement was ahead of schedule and...
Woodside’s Trion Development Achieves Key Milestone -Begins Steel Fabrication for Trion Floating Production Unit, Marking Key Milestone in Offshore Mexico Development

Woodside’s Trion Development Achieves Key Milestone -Begins Steel Fabrication for Trion Floating Production Unit, Marking Key Milestone in Offshore Mexico Development

by Efrain Garcia | Dec 15, 2024 | Upstream News

Woodside Energy has reached a significant milestone in its Trion Development offshore Mexico with the start of steel fabrication for the semi-submersible floating production unit (FPU). The steel-cutting ceremony took place in November, 2024, at the HD Hyundai Heavy...
BREAKING INEOS Energy to acquire oil and gas assets in US Gulf of Mexico from CNOOC Energy Holdings USA Total Capital Spend on Energy Assets $3b

BREAKING INEOS Energy to acquire oil and gas assets in US Gulf of Mexico from CNOOC Energy Holdings USA Total Capital Spend on Energy Assets $3b

by Efrain Garcia | Dec 14, 2024 | Upstream News

Breaking News Brought to you by: The third major investment by INEOS Energy in the USA, in the past three years. Capital spend on energy assets in the USA now exceeds $3bn, providing a strong platform for future growth. Deal includes interest in two high quality deep...
Shell takes investment decision for Phase 3 Silvertip project in the US Gulf of Mexico

Shell takes investment decision for Phase 3 Silvertip project in the US Gulf of Mexico

by Efrain Garcia | Dec 13, 2024 | Upstream News

News Brought to you by: Houston, Texas – Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced a Final Investment Decision (FID) on the Phase 3 Silvertip project, which will deliver two wells to boost production at the Shell-operated Perdido spar in the US...
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