Industry News
Chevron starts oil production from Ballymore Project in Gulf of America
This News Article is Brought to you by: Houston, Texas, April 21, 2025 — Chevron Corporation (NYSE: CVX) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. Ballymore, the latest in a...
$905 Million: Elk Range Royalties Closes Landmark DJ Basin Acquisition and Launches Elk Range Royalties III
This Article brought to you by: K+B Industries delivering Precision Threading and Machining DALLAS--(BUSINESS WIRE)--Elk Range Royalties ("Elk Range") is excited to announce a landmark acquisition of a significant mineral and royalty position spanning approximately...
APA Corporation and Partners Lagniappe Alaska and Oil Search Announce Significant Oil Discovery in Alaska’s North Slope at Sockeye-2 Exploration Well; Partners Proceeding with Further Evaluation and Testing
This News Article Brought to you by: HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) and its partners Lagniappe Alaska, LLC, an Armstong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, today announced preliminary...
Murphy Oil Corporation Announces Strategic Acquisition of Floating Production Storage and Offloading Vessel in Gulf of America
This News Article Brought to you By: Spectrum Camera Solutions Reduces Annual Operating Costs by Approximately $60 Million, Reaffirms 2025 Capital Expenditure Guidance HOUSTON--(BUSINESS WIRE)--Mar. 12, 2025-- Murphy Oil Corporation (NYSE: MUR) today announced that a...
Whitecap Resources & Veren to combine in a $15Billion Transaction
CALGARY, ALBERTA – Whitecap Resources Inc. ("Whitecap") (TSX: WCP) and Veren Inc. ("Veren") (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta...
New Era Helium and Sharon AI Announce Letter of Intent to Acquire 200-Acre Site for 250MW Net-Zero AI/HPC Data Center in the Permian Basin
MIDLAND, Texas – February 27, 2025. New Era Helium, Inc. (Nasdaq: NEHC) (“New Era Helium” or the “Company”), a leading exploration and production (E&P) company sourcing helium from natural gas reserves in the Permian Basin and its joint venture partner, Sharon AI,...
$735mm Sale: ConocoPhillips announces agreement to sell interest in Ursa and Europa Fields
HOUSTON – ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company LLC to Shell Offshore Inc. and Shell Pipeline Company LP, subsidiaries of Shell plc, for $735...
Breaking $4 Billion Deal: Diamondback Energy, Inc. Announces Midland Basin Acquisition of Double Eagle IV
MIDLAND, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC (“Double...
Standard Lithium and Equinor Finalize $225 Million Grant from the U.S. Department of Energy for the South West Arkansas Project
News Brought to you By: LEWISVILLE, Ark., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium”) (TSXV:SLI) (NYSE:A:SLI), a leading near-commercial lithium developer, and Equinor, a global energy leader, today announced that its jointly-owned...
$231mm ACQUISITION: Kimbell Royalty Partners, LP Announces $231 Million Midland Basin Acquisition in Cash and Unit Transaction
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...