Browsing Tag
Permian Basin
119 posts
Welspun Corp wins Rs 5,500cr US gas pipeline order as AI demand lifts backlog to $5.25bn
Welspun Corp's American subsidiary has secured a major coated line-pipe contract for a Permian natural gas pipeline serving a hyperscale data-centre customer, strengthening revenue visibility through FY29 while execution timing and margins remain important.
ExxonMobil signals $4.5bn refining earnings boost as oil-price pressure hits upstream
ExxonMobil's preliminary third-quarter earnings factors reveal a major improvement in refining margins, contrasting with weaker crude oil realisations and substantial accounting timing effects ahead of its October 30 results.
Devon Energy to sell Eagle Ford assets for $4.2bn as buybacks and Permian focus take priority
Devon Energy is selling its Eagle Ford assets for $4.2 billion. Find out how buybacks, debt reduction and its Permian strategy could reshape DVN.
Why Ovintiv is spending $460m on acreage instead of buying another producer
Ovintiv has struck more than 60 transactions worth about $460 million to add 41,000 net acres and 240 drilling locations, using smaller deals to extend its highest-value Permian and Montney inventory.
Continental Resources to buy FireBird as Permian footprint grows more than 40%
Continental Resources is acquiring FireBird Energy II, adding 32,000 boepd and 54,000 net Midland Basin acres as the private producer accelerates a Permian expansion that has lifted its acreage by more than 40% in 14 months.
Kimbell Royalty (NYSE: KRP) closes $221m deal adding 2,347 boe/d
The affiliate transaction adds mineral and royalty interests across more than three million gross acres, with most of the consideration paid through operating-company units.
Evolution Petroleum closes $16m Midland Basin royalty deal after issuing stock equal to about 10% of its prior share count
Evolution Petroleum has completed a $16 million Midland Basin royalty acquisition expected to generate $3.9 million of next-12-month asset cash flow, funded partly through a 3.7 million-share equity offering.
Targa Resources signs 20-year ExxonMobil Permian agreements and lifts 2026 growth capital to $5bn
Targa Resources has secured ExxonMobil Permian commitments through 2046, triggering 825 MMcf/d of new processing capacity, Bull Run II and a higher $5 billion 2026 growth-capital programme.
Devon Energy backs 4.5 Bcf/d Solitude Pipeline as Permian gas strategy moves beyond Waha
Devon Energy has taken a 25% stake and firm transportation capacity in the 4.5 Bcf/d Solitude Pipeline System, extending a strategy designed to move Delaware Basin gas away from Waha and closer to Gulf Coast LNG and power demand.
ConocoPhillips (NYSE: COP) names Andy O’Brien CEO as Q2 profit doubles and buybacks jump to $2bn
ConocoPhillips doubled Q2 buybacks to $2B and named Andy O'Brien CEO from September 1, tracking a $7B free cash flow inflection by 2029 tied to Willow.