Industry News
POSITIVE NEWS ONLY: With all the NEGATIVE our industry faces, we created this platform to ONLY SHARE POSITIVE NEWS and EVENTS
POSITIVE NEWS ONLY: With all the NEGATIVE our industry faces, we created this platform to ONLY SHARE POSITIVE NEWS and EVENTS that bring good people together CONTROL THE NARRATIVE and Expand Our Networks. Comment Below if you Support Our Mission...
July 5th BREAKING:$370 Million Deal: Patterson-UTI Energy Announces Agreement to Acquire Global Drill Bit Company, Ulterra
"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 Common Stock...
BREAKING: Woodside Approves Investment in Trion Development $7.2 billion total capital expenditure
"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 capacity and...
BREAKING: $4.7 Billion Deal – Civitas Resources to Enter Permian Basin through Transformative Transactions
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) (“CIVI” or the...
BREAKING June 15 -Patterson-UTI Energy and NexTier Oilfield Solutions to Combine in Merger of Equals, Creating Industry Leading Drilling and Completions Services Provider
"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
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
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
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 with a 19% NTM...
Call for Papers – ADIPEC 2023 – Abu Dhabi – DEADLINE April 14
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...
Happy Engineers week from Upstream Calendar
Engineers Week is a time to celebrate the contributions of engineers to society and to inspire the next generation of engineers. Held annually in February, this week-long event is organized by the National Society of Professional Engineers (NSPE) and is celebrated by...