Monday, November 25, 2024
Oil Headed for $150 Without US Support for More Drilling, Shale CEO Says- oil and gas 360

Oil headed for $150 without US support for more drilling, shale CEO says

Yahoo Finance (Bloomberg) — Oil is headed as high as $150 a barrel unless the US government does more to encourage exploration, according to Continental Resources Inc., the shale driller controlled by billionaire Harold Hamm. Crude output in the Permian Basin will one day peak as it already has in rival shale fields such as the Bakken region of North

Diversified Energy announces increase in borrowing base- oil and gas 360

Diversified Energy announces increase in borrowing base

Oil and Gas 360 BIRMINGHAM, AL / ACCESSWIRE / September 26, 2023 / Diversified Energy Company PLC (LSE:DEC) (“Diversified” or “the Company”) is pleased to announce its completion of the semi-annual borrowing base redetermination for the Company’s revolving credit facility, structured as a Sustainability-Linked Loan. The borrowing base under the facility was increased to $425 million from $375 million with 100%

U.S. oil production held back by inconsistent energy policy, Chevron CEO says- oil and gas 360

U.S. oil production held back by inconsistent energy policy, Chevron CEO says

World Oil (Bloomberg) – U.S. oil production is being held back by inconsistent energy policy, Chevron Chief Executive Officer Mike Wirth said. “I hear people say, ‘We’re back up to record levels of production,’” Wirth said during the American Energy Security Summit in Oklahoma City on Monday. “With better policy, we would be beyond that.” Energy policy needs to balance environmental

Sitio Royalties announces $500 million offering of senior notes- oil and gas 360

Sitio Royalties announces $500 million offering of senior notes

Oil and Gas 360 DENVER–(BUSINESS WIRE)– Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced that its subsidiaries, Sitio Royalties Operating Partnership, LP (the “Partnership”) and Sitio Finance Corp. (the “Co-Issuer” and together with the Partnership, the “Issuers”), subject to market conditions, intend to offer and sell to qualified institutional buyers pursuant to Rule 144A under the Securities Act

Energy Transfer LP shuts ruptured oil pipeline in Permian-oil and gas 360

Energy Transfer LP shuts ruptured oil pipeline in Permian

Oil Price Energy Transfer LP shuttered its Centurion Pipeline on Monday after it was struck by a road worker, the pipeline company said in an email to Bloomberg. Energy Transfer LP acquired the pipeline earlier this year when it acquired the previous owner, Lotus Midstream for $1.4 billion. The Centurion Pipeline runs from New Mexico, ending in Cushing, Oklahoma, with laterals that extend