by Efrain Garcia | Jul 5, 2023 | Upstream News
“Ulterra is a Leading Provider of Highly Engineered Polycrystalline Diamond Compact (“PDC”) Drill Bits in North America with a Growing International Presence Consideration Comprised of $370 Million of Cash and 34.9 Million Shares of Patterson-UTI...
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...
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)...
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...
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...
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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