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Diamondback’s Subsidiary Viper Energy to Acquire $1.1 Billion in Permian Mineral, Royalty Interests
September 12, 2024
Diamondback Energy said it and its operating subsidiary Viper Energy Partners have entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interest- owning subsidiaries of Tumbleweed Royalty in exchange for $461 million of cash and
Talos Energy Makes New Discovery at Ewing Bank 953, Adds Additional 2024 Prospect in Gulf of Mexico
September 12, 2024
Talos Energy said its Ewing Bank 953 well (EW 953 well) successfully discovered commercial quantities of oil and natural gas. Separately, Talos entered into an agreement to participate in the Sebastian prospect, currently drilling in the Mississippi Canyon Block 387
Allied Resources Acquires Kansas Acreage, Plans Eight Well Program
September 12, 2024
Allied Resource Partners has acquired an additional five square miles in Gove County, Kansas. This strategic acquisition strengthens the company’s operational footprint in the region. In July, Allied Resource Partners conducted a 3D seismic survey across the newly acquired acreage.
BSEE Finalizes Improved Safety Regulations for Novel Technologies and Challenging Conditions
September 12, 2024
The Bureau of Safety and Environmental Enforcement (BSEE) has published new regulations that will improve operational safety, human health, and environmental protections offshore, and provide clarity to industry regarding BSEE’s review of projects proposing to use novel technology, including equipment
Petrobras Finds Gas in Colombian Caribbean, Sets Eyes on Namibia’s Potential
September 12, 2024
Brazil’s oil giant has reported the discovery of a significant gas resource from a well drilled off shore Colombia in the Caribbean. The Uchuva 2 well is some 32 kilometers from the coast at a depth of 804 meters. This
BP Extends Partnership with Palantir to Integrate AI Capabilities
September 12, 2024
Palantir Technologies has entered into an enterprise agreement that will extend their strategic relationship and introduce new artificial intelligence capabilities with Palantir’s AIP software. The new contract will build on a decade of deep collaboration that has created a firm
Steve Gray to Retire from Range Resources’ Board
September 12, 2024
Range Resources said Steve Gray will retire from his position on Range’s board of directors, effective October 1, 2024. “We want to express our gratitude to Steve for his dedicated service to Range. Since joining our board in 2018, Steve
APA Divests $950 Million in Non-core Permian Basin Assets
September 11, 2024
APA Corporation has entered into an agreement for the sale of non-core producing properties in the Permian Basin to an undisclosed buyer for $950 million, prior to customary closing adjustments. “Through multiple transactions completed this year, we have high graded
Methanex to Acquire OCI Global’s International Methanol Business for $2.05 Billion
September 11, 2024
Methanex Corporation has entered into a definitive agreement to acquire OCI Global’s international methanol business for $2.05 billion. The transaction includes OCI’s interest in two world-scale methanol facilities in Beaumont, Texas, one of which also produces ammonia. The transaction also
Diamondback Energy Closes $26 Billion Merger with Endeavor Energy Resources
September 11, 2024
Diamondback Energy has closed its merger with Endeavor Energy Resources. “We are pleased to announce the closing of this transformative merger, creating a ‘must own’ North American independent oil company,” said Travis Stice, chairman and chief executive officer of Diamondback.
