World Oil (Bloomberg) – Moves from Congress are likely to be more important to building out U.S. oil and gas projects than policy from the White House, according to the top executive at pipeline operator Williams Cos. “I actually think paying more attention to how Congress turns out, and the legislative front, is actually a bigger push because that’s actually
Yahoo Finance U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations. Devon missed out on the sector’s dealmaking boom by losing to ConocoPhillips the $22 billion deal to acquire Marathon Oil,
BOE Report U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January. Nationwide crude and condensates output jumped by 0.6 million barrels per day (b/d) in February reversing a decline of 0.7 million b/d in January, according to
US News HOUSTON – U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year’s fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday. Energy companies have rushed to expand oil and gas drilling inventories, especially in the Permian Basin of West Texas and New
Nasdaq LONDON – U.S. crude oil production was essentially flat in May compared with April – a sign lower prices and a slowdown in drilling activity are finally causing output to peak and turn down. Crude and condensates production for the Lower 48 states excluding federal waters in the Gulf of Mexico rose by just 19,000 barrels per day compared
Oil Price Soaring costs have caused a slowdown in oil and gas production growth in the U.S., with the outlook also worsening, the latest edition of the Dallas Fed Energy Survey showed. The survey found that business activity in the oil and gas industry remained almost unchanged in the first quarter of this year from the last quarter of
Oil Price When the energy crisis hit a nadir two years ago, highly indebted E&P companies quickly changed their operational playbook, adopting stricter cost discipline, cutting back on expensive drilling programs and vowing to return more cash to shareholders in the form of dividends and buybacks. But E&Ps are not the only ones pursuing this new strategy. Oilfield services (OFS)
