Phillips 66 (NYSE: PSX) has reached a definitive agreement to acquire Pinnacle Midland Parent LLC from Energy Spectrum Capital for $550 million in cash. This acquisition is a strategic move to enhance Phillips 66’s footprint in natural gas gathering and processing in the Midland Basin, significantly strengthening its position in the energy sector. Details of […]
Pantheon Resources plc, a prominent oil and gas exploration company, has disclosed a substantial increase in estimated recoverable resources at its Kodiak Field, located on Alaska’s North Slope. The updated report by Netherland, Sewell & Associates, Inc. (NSAI) indicates a notable 25% increase in recoverable marketable liquids from previous estimates. According to the updated Independent […]
