Megadeal Triggers M&A Spree In The Permian
Late last week, Chevron announced its decision to takeover Anadarko Petroleum for $33 billion, a deal that could mark a watershed moment for the Permian basin and the U.S. shale Continue Reading
Moody’s: Gas pipeline shortages will hamper Permian producers through 2020
The lack of natural gas pipelines from the booming Permian Basin will hinder oil producers in the region at least deep into 2020, according to a new report from Moody’s Continue Reading
Permian Takes The Crown As World’s Top Oil Field
Last week Saudi Aramco — the national oil company of Saudi Arabia and the world’s largest oil company — lifted a veil of secrecy around the company’s operations. For the Continue Reading
Chevron to buy Anadarko for $33 billion in shale, LNG push
Chevron Corp on Friday said it will buy oil and gas producer Anadarko Petroleum Corp for $33 billion in cash and stock in a deal that doubles down on its Continue Reading
Chevron to Buy Anadarko Petroleum in $33 Billion Cash-and-Stock Deal
Chevron Corp. has agreed to buy Anadarko Petroleum Corp. in a $33 billion deal that expands its shale-drilling ambitions and places it just behind Exxon Mobil Corp. as one of Continue Reading
Soaring Permian Output To Cap Oil Rally
The U.S. crude oil production juggernaut continues to move forward. In 2018, U.S. production increased 17 percent over the previous year in a dynamic that is impacting both geopolitics as Continue Reading
Chevron To Buy Anadarko In $33B Deal
Chevron Corporation said on Friday that it had entered into a definitive agreement to buy Anadarko Petroleum Corporation in a stock and cash transaction valued at US$33 billion that will Continue Reading
US Has Net Loss of Three Rigs
The nation added two oil rigs and dropped five gas rigs. Coming off a week of adding 19 oil and gas rigs , and the first rig increase in seven Continue Reading
Chevron to Buy Anadarko Petroleum in $33 Billion Cash-and-Stock Deal
Chevron Corp. has agreed to buy Anadarko Petroleum Corp. in a $33 billion deal that expands its shale-drilling ambitions and places it just behind Exxon Mobil Corp. as one of Continue Reading
Decline In U.S. Oil Rigs Sends WTI Higher
The the number of active oil and gas rigs fell in the United States this week according to Baker Hughes. The total number of active oil and gas drilling rigs Continue Reading