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LLOG Exploration Acquires 41 Deepwater Gulf of Mexico Blocks
July 30, 2024
LLOG Exploration Company, focused on the deepwater Gulf of Mexico (GOM), has acquired 41 blocks of acreage encompassing approximately 236,000 acres in the East Breaks and Alaminos Canyon area of the deepwater GOM. “We are excited to add this significant
Post Oak Minerals Closes on Acquisitions in Permian Basin for $475 Million
July 30, 2024
Post Oak Minerals (POM), an affiliate of Post Oak Energy Capital, has completed ten acquisitions with a total value of more than $475 million since the beginning of 2024, primarily in the Permian Basin. “We are delighted to capture a
Digi International Works to Improve Oilfield Communications
July 30, 2024
As advancing technology allows more and more oilfield equipment to transmit data to operators, the wide-open spaces hosting oilfield activity is making those transmissions harder. Companies like Digi International are stepping up to help improve communications. In the Permian Basin,
ExxonMobil Signs Carbon Capture Agreement with CF Industries in Mississippi
July 30, 2024
ExxonMobil has signed its fourth carbon capture and storage (CCS) agreement with a major industrial customer, the latest sign of its growing leadership in this key emissions-reduction technology. ExxonMobil said they will transport and permanently store up to 500,000 metric
Sahara Group Makes Strategic Appointments to Drive Downstream Transformation
July 30, 2024
Sahara Group is propelling transformation of its downstream business with strategic appointments including Foluso Sobanjo as head, Africa Downstream, and Nomnso Dike as chief executive officer, Asharami Synergy Limited, a Sahara Group downstream company in Nigeria. Other appointments include Yvette
Permian Resources Bolts-on Oxy’s Delaware Basin Assets for $820 Million
July 29, 2024
Permian Resources has entered into a definitive agreement with Occidental to acquire ~29,500 net acres, ~9,900 net royalty acres, and ~15,000 Boe/d predominantly located directly offset the company’s existing position in Reeves County, Texas for $817.5 million. The transaction is
Vital Energy, Northern Oil and Gas to Acquire Point Energy Partners for $1.1 Billion
July 29, 2024
Vital Energy has signed a definitive joint purchase and sale agreement to acquire the assets of Point Energy Partners, a Vortus Investments portfolio company. The transaction will significantly increase the company’s operational scale and footprint in the Delaware Basin and
Sept. 25: BLM Wyoming State Office to Hold Oil and Gas Lease Sale
July 29, 2024
The Bureau of Land Management Wyoming State Office has scheduled an oil and gas lease sale for September 25, 2024, to offer four oil and gas parcels totaling 159.38 acres in Wyoming. The BLM completed scoping on these parcels in
U.S. Rig Count Shows Biggest Monthly Jump Since November 2022
July 29, 2024
U.S. energy firms this week added oil and natural gas rigs for a second week in a row, boosting the monthly count by the most since November 2022, energy services firm Baker Hughes said in its closely followed report on
Tenaz Energy to Acquire NAM Offshore B.V. for $246 Million
July 29, 2024
Tenaz Energy Corp. has entered into an agreement with Nederlandse Aardolie Maatschappij B.V. (NAM), a 50/50 joint venture between Shell and ExxonMobil, to acquire all of the issued and outstanding shares of NAM Offshore B.V. (NOBV) for $246 million. The
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