Industry News
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...
Come And Take It – Natural Gas Stoves – Biden Proposed ban on Natural Gas Stoves
President Joe Biden has recently proposed banning the use of natural gas stoves in new construction as part of his plan to combat climate change and transition to cleaner forms of energy. This move is aimed at reducing the country's carbon footprint and decreasing the...
Seeking Guest PCasters – Upstream Drilldown
Contact Efrain or Danny for more details. Efrain@AllstreamEP.com Danny@AllstreamEP.com
Allstream Now Offering Videography & Photography
Allstream Energy Partners is please to announce partnerships with content creators, video production, and photographers. We know how hard it is to have someone tell a story, so we have partnered with industry creatives to be able to capture the vision and tell a...