Tuesday, January 7, 2025

Pioneer Keeps on Drilling Despite Layoffs

Down 230 people after layoffs From The Houston Chronicle Pioneer Natural Resources recently laid off a quarter of its workforce but continues to drill in the Permian Basin of West Texas. The Irving-based oil company is seeking permission from the Railroad Commission of Texas to drill 10 new horizontal wells on three leases split between Martin, Midland and Upton counties. All

Oil Giants Won't Bail Out Overpriced Independents in the Permian Basin - Oil & Gas 360

Oil Giants Won’t Bail Out Overpriced Independents in the Permian Basin

Permian drillers may have to be squeezed by weak prices for a bit longer before they dial down their expectations: Exxon CEO Woods From Bloomberg HOUSTON (Bloomberg) — Oil giants probably won’t be buying up the Permian basin’s struggling independent drillers any time soon. Years of costly exploration and frantic buying sprees have gutted shareholder returns in the world’s largest

Oil & Gas 360 - Icahn sues Oxy over Anadarko Deal

Carl Icahn Sues Occidental for ‘Misguided’ Anadarko Takeover

Rather than plunking down tens of billions of dollars on Anadarko, Icahn argued that Occidental should instead have put itself up for sale From CNN Business New York (CNN Business) Billionaire Carl Icahn launched a legal attack on Occidental Petroleum on Thursday, arguing the oil company paid way too much money to acquire Anadarko Petroleum. Icahn, whose firms own about $1.6 billion