United States
Acquisitions & Divestitures , Earnings , Crude Oil
Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space
Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.
Midstream
Energy Transfer Eyes Draft Environmental Statement for Blue Marlin Project This Quarter
Energy Transfer is among several firms vying to build deepwater ports along the Texas Gulf Coast.
Wind , Liquefied Natural Gas (LNG) , Policy & Regulations
Trump Woos Oil CEOs, Promises to Roll Back Biden Rules on EVs, LNG
Republican president candidate Donald Trump courted the CEOs of Venture Global, Cheniere Energy as well as representatives from Chevron, Continental Resources, Exxon and Occidental Petroleum, the Washington Post reported.
Crude Oil , Natural Gas , International , Trade
Kissler: Mideast Tension Elevates Crude Prices—But for How Long?
Producers should be aggressive in locking in desirable crude oil prices on an abnormal market strength.
Shale Plays , Crude Oil , Natural Gas
Enverus: Permian Gains Will Sustain US Oil Production Through 2030
Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.
Lease Sales , Acquisitions & Divestitures , Field Development
Riley Exploration Permian Closes Delaware Basin Bolt-on
Riley Exploration Permian said it added 13,900 acres and up to 25 net locations in Eddy County, New Mexico.
Business , Service & Supply
OFS Sector Loses Jobs, but Trade Org Says Growth Potential Remains
According to analysis by the Energy Workforce & Technology Council, the OFS job market may still have potential for growth despite a slight decrease in the sector in April.
Promotions , Restructurings
Exxon Appoints Maria Jelescu Dreyfus to Board
Dreyfus is CEO and founder of Ardinall Investment Management, a sustainable investment firm, and currently serves on the board of Cadiz Inc. and Canada-based pension fund CDPQ.
Field Development , Emerging Plays
SM Energy Targets Prolific Dean in New Northern Midland Play
KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
Acquisitions & Divestitures , Energy Storage
Equinor Acquires Stake in Standard Lithium Smackover Projects
Equinor’s transaction, completed effective May 7, includes interests in Standard Lithium’s flagship South West Arkansas Project and East Texas properties.