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Chord Energy Appoints Susan Cunningham as Chair, Darrin Henke as Chief Operating Officer
January 4, 2024
Chord Energy Corporation has appointed Susan Cunningham as independent chair of Chord Energy’s board of directors. Lynn Peterson retired December 31, 2023, which will reduce the board size to nine members. The company also appointed Darrin Henke to executive vice
Athabasca Oil and Cenovus Energy Form New JV Company, Duvernay Energy
January 3, 2024
Athabasca Oil Corporation has entered into transaction agreements to create Duvernay Energy Corporation with Cenovus Energy. Duvernay Energy will be a standalone self-funded entity that will drive strong, high netback cash flow and production growth and is expected to unlock
Mach Natural Resources Completes $825 Million Acquisition of Paloma’s Anadarko Basin Assets
January 3, 2024
Mach Natural Resources has closed the acquisition of certain interests in oil and gas properties, rights, and related assets located in certain counties in Oklahoma from Paloma Partners. Paloma is backed by EnCap Investments and its affiliated companies. In conjunction
U.S. Oil and Gas Rig Count Drops in 2023 After Rising in 2021 and 2022
January 3, 2024
U.S. oil and gas rig count dropped in 2023 after rising in the previous two years, energy services firm Baker Hughes said in its closely followed report last week. For last week U.S. energy firms added oil and natural gas
Harbour Energy to Acquire Wintershall Dea’s Global Upstream Assets for $11.2 Billion
December 29, 2023
Harbour Energy has reached an agreement with BASF and LetterOne, the shareholders of Wintershall Dea, for the acquisition of substantially all of Wintershall Dea’s upstream assets for $11.2 billion. The target portfolio includes all of Wintershall Dea’s upstream assets in
Vital Energy Acquires Additional Working Interests in the Permian Basin for $55 Million
December 29, 2023
Vital Energy has acquired additional working interests in producing assets associated with the recent asset acquisition from Henry Energy, Moriah Henry Partners, and Henry Resources for total consideration of $55 million. The purchase will increase Vital Energy’s working interest in
DOE Awards Contracts to Buy Three Million Barrels of Crude Oil for Strategic Reserve
December 29, 2023
The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves said contracts have been awarded for the acquisition of 3 million barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve (SPR). The contracts awarded today for a March delivery
Angola Leaves OPEC, in Blow to Producer Group
December 29, 2023
Angola said last week it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices. Angola’s Oil Minister Diamantino Azevedo
ConocoPhillips Makes Final Investment Decision to Develop the Willow Project, Alaska
December 28, 2023
ConocoPhillips said it will move forward with development of the Willow Project in Alaska. This final investment decision approves the project and funds construction needed to reach first oil. The decision follows the Department of the Interior March 2023 record
Williams to Acquire Hartree Partners Affiliate’s Natural Gas Storage Assets for $1.95 Billion
December 28, 2023
Williams has reached an agreement to acquire a portfolio of natural gas storage assets from an affiliate of Hartree Partners for $1.95 billion. The transaction includes six underground natural gas storage facilities located in Louisiana and Mississippi with total capacity
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