Oil and Gas 360 The Energy Information Administration (EIA) is saying higher gas demand from the electricity power sector for the rest of this year is expected to bolster natural gas prices nearly 40%. EIA is projecting prices to be around $2.90 per MMBtu (Henry Hub), up from the $2.10 average for the first half of the year. Producers saw
Oil and Gas 360 Agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818 million Additional dispositions in 2024 with total purchase price proceeds of approximately $152 million bring total year-to-date proceeds of closed or announced divestments to $970 million Sales proceeds will go toward reducing debt HOUSTON — July 29, 2024 — Occidental (NYSE:
Oil and Gas 360 HIGHLIGHTS Joint acquisition with Vital Energy, Inc. (“Vital”) of certain assets (the “Point Assets”) of Point Energy Partners, LLC (“Point”), a Vortus Investments company (“Vortus”) for $1.1 billion NOG purchasing a 20% undivided stake in the Point Assets (the “Acquired Assets”) for $220 million in cash (all numbers below are net to NOG) The Acquired Assets
Oil and Gas 360 Transaction highly accretive to key metrics; adds 68 high-return gross locations TULSA, OK, July 28, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced the signing of a definitive joint purchase and sale agreement to acquire the assets of Point Energy Partners (“Point”), a Vortus Investments portfolio company. The
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