December 10, 2024 – Oil & Gas 360

Permian Resources announces divestiture of Midstream gathering systems

December 10, 2024

(Oil & Gas 360) – MIDLAND, Texas – Permian Resources Corporation (NYSE: PR) (“Permian Resources” or the “Company”) today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) for a total cash consideration of $180 million, subject to customary post-closing adjustments.

Low expectations continue to dominate but oil inventory is low- oil and gas 360

Energy Market Assessment: Low expectations continue to dominate but oil inventory is low

December 10, 2024

(Oil & Gas 360) – Oil & Natural Gas Prices Low Highlight That Low Expectations Continue To Dominate But Oil Inventory Is Low And The Climate Is Changing. Technical analysis dominating today’s markets having analysis much thinner along with uncertainty high helped record-high U.S. petroleum product exports setting higher record highs be ignored/unknown. While reports of problems Over There are plentiful,

Executive Interview: Investing in oil and gas for long-term wealth creation with Troy Eckard, Founder and Chairman of Eckard Enterprises

December 10, 2024

(Oil & Gas 360) – Accredited investors with Eckard Enterprises are reaping the rewards of $110 million in cash flow distributions over the last four years from working and learning with Founder and Chairman Troy Eckard. With mineral rights and working interests in over seven thousand wells across some million and a half gross acres of reserves in the country’s

Nabors, e2Companies to collaborate on oilfield integrated power solutions

December 10, 2024

(World Oil) – e2Companies has announced a strategic collaboration with Nabors that will expand business opportunities for integrated power solutions in the oilfield and broader energy markets. By combining Nabors’ global expertise and relationships in oil and gas with e2Companies’ Virtual Utility®, the companies aim to develop and market tailored solutions for the unique demands of the oilfield and assess

World coal demand and exports set for new record highs in 2024

December 10, 2024

(Oil Price) – The world’s consumption and exports of thermal coal are expected to rise this year from 2023 to hit fresh record-highs, according to export and power generation data cited by Reuters columnist Gavin Maguire. Coal-fired electricity generation has increased so far this year by 2% compared to 2023, to hit new highs as power demand in emerging markets grows. Coal power

$SPM frac pump achieves 13,000 pumping hours in Permian before first overhaul- oil and gas 360$

SPM frac pump achieves 13,000 pumping hours in Permian before first overhaul

December 10, 2024

(World Oil) – SPM™ Oil & Gas announced that their SPM™ WS 335 Frac Pump has achieved more than 13,000 pumping hours in the Permian before its first overhaul. As conventional frac pumps are commonly rebuilt at 3,000 hours and discarded at 6,000 hours, this milestone demonstrates the WS 335’s ability to last four times longer than traditional pressure pumping

US to offer minimum acreage required at Alaska oil and gas auction

December 10, 2024

(Investing) – The Biden administration will offer oil and gas drilling leases in Alaska’s Arctic National Wildlife Refuge at a sale on Jan. 9, the U.S. Interior Department said on Monday. The agency will make 400,000 acres (161,874 hectares) available to drillers at the auction, the minimum required by a law that mandated the sale. ANWR is a 19 million-acre refuge

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