Browsing Tag
Permian Basin
94 posts
Occidental announces $950m in Permian asset divestitures and $7.5bn in debt reduction since mid-2024
Occidental sells US $950 million in Permian assets, repays US $7.5 billion in debt, and focuses on core growth and carbon capture projects.
Why Western Midstream’s $1.5bn move for Aris Water Solutions could redefine produced-water management in the Permian Basin
Western Midstream’s $1.5 billion acquisition of Aris Water Solutions could transform produced-water management in the Permian Basin.
ExxonMobil 2Q25 earnings dip to $7.1bn, but structural gains and diesel projects take center stage
ExxonMobil’s 2Q25 profit fell to $7.1B, but record Permian output, diesel project startups, and cost savings signal sustained growth. Read more.
PROPWR secures decade-long 80 MW power contract in Permian Basin, marking milestone for ProPetro’s distributed energy vision
Discover how ProPetro’s PROPWR unit is reshaping Permian Basin power infrastructure through a 10-year, 80 MW microgrid energy contract.
MPLX to secure full control of BANGL pipeline in $715m deal
MPLX LP has entered into a definitive agreement to acquire the remaining 55% interest in BANGL, LLC from…
APA Corporation reports strong 2024 earnings with strategic growth plans for 2025
APA Corporation concluded 2024 with robust financial results, reflecting strong operational execution and strategic portfolio enhancements. The company…
Targa Resources reports record Q4 2024 earnings as Permian expansion fuels growth
Targa Resources Corp. has delivered a record-breaking financial performance in the fourth quarter of 2024, reflecting the company’s…
Massive oil deal: Diamondback Energy announces game-changing Midland Basin acquisition
Diamondback Energy, Inc. has announced a major acquisition that will significantly expand its footprint in the Midland Basin,…
Occidental strengthens financial position with $4.5bn debt repayment and $1.2bn asset sales
Occidental (NYSE: OXY) has made significant strides in its financial restructuring strategy, reaching its near-term debt repayment target…
ConocoPhillips reports $2.3bn Q4 2024 profit as Marathon Oil acquisition reshapes growth strategy
ConocoPhillips has announced its fourth-quarter and full-year 2024 financial results, showcasing a strategic shift driven by the recent…