Friday, November 22, 2024
Matador closes $1.6 billion Delaware basin acquisition from EnCap- oil and gas 360

Matador closes $1.6 billion Delaware basin acquisition from EnCap

World Oil (WO) – Matador Resources Company announced the closing of its wholly-owned subsidiary’s previously-announced acquisition of Advance Energy Partners Holdings, LLC (“Advance”) from EnCap Investments L.P., including Advance’s oil and natural gas producing properties and undeveloped acreage in Lea County, New Mexico and Ward County, Texas (the “Advance Transaction”). The consideration paid upon the closing of the Advance Transaction

Permian oil production hasn’t peaked yet- oil and gas 360

Permian oil production hasn’t peaked yet

Oil Price The Permian basin has not yet seen peak oil production, according to Occidental’s chief executive Vicki Hollub.     The executive believes that growth in the play’s production rates will even offset declines in other shale basins across the United States. According to the Energy Information Administration, the Permian will produce 5.622 million bpd of crude oil this month, up from 5.596

Oil falls as investors worry over recession fears- oil and gas 360

Oil falls as investors worry over recession fears

BOE Report Oil prices retreated on Thursday after rising for two sessions, with investors still showing lingering concern over a possible U.S. recession and weaker oil demand.   U.S. West Texas Intermediate slid 14 cents, or 0.17%, to $83.09. Brent crude fell 11 cents, or 0.13%, to $87.07 a barrel. Both benchmarks rose 2% on Wednesday to their highest in

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 25 Bcf

Natural Gas Inventories as of April 7, 2023 The EIA has released its natural gas inventory report, showing a net increase of 25 Bcf as of April 7, 2023. Working gas in storage was 1,855 Bcf as of Friday, April 7, 2023, according to EIA estimates. This represents a net increase of 25 Bcf from the previous week. Stocks were