Expanding its assets in an area of its primary focus, Midland, TX-based Legacy Reserves LP said Wednesday it has agreed with Concho Resources Inc. to buy $520 million of Concho’s holdings in the Permian Basin. Legacy said it hopes to close the deal before the end of this year.
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Oil, Natural Gas Investors Hot for North America
With natural gas prices hitting a 10-year low this year, U.S. oil and gas companies have shifted their focus and added more profitable liquid-rich unconventional plays to their portfolios, leading to a dramatic increase in the number and total value of asset mergers and acquisitions (M&A) in the third quarter of 2012, according to PwC US.
Oil, Gas Investors Hot for North America
With natural gas prices hitting a 10-year low this year, U.S. oil and gas companies have shifted their focus and added more profitable liquid-rich unconventional plays to their portfolios, leading to a dramatic increase in the number and total value of asset mergers and acquisitions (M&A) in the third quarter of 2012, according to PwC US.
Murphy Oil to Keep ‘Very’ Focused on Eagle Ford
Murphy Oil Corp.’s plans to spin off its downstream operations will allow it to focus more time and money on exploration and production (E&P) opportunities, including a big leasehold in the Eagle Ford Shale, executives said Tuesday.
Pioneer Pulling Up Stakes in the Barnett Shale
Pioneer Natural Resources Co. is pursuing the divestment of its Barnett Shale properties in order to focus on more lucrative plays.
Western Governors Group Picks New Leadership
An overarching focus for the West should be “responsible energy development” that sets goals for providing reliable, affordable and cleaner energy longer term, Utah Gov. Gary Herbert said Tuesday after being elected to the chairmanship of the Western Governors’ Association (WGA) at its annual meeting in Cle Elum, WA. Colorado Gov. John Hickenlooper was elected WGA vice president.
Pennsylvania Data Shows Shift to Wet Gas, Top Operator Shuffle
Operators in Pennsylvania spud fewer Marcellus Shale gas wells last month than the year before, shifted their focus to counties in wetter areas of the play and saw turnover at the top in terms of most wells spud, data from the state Department of Environmental Protection (DEP) shows.
ExxonMobil CEO: ‘No Regrets’ in Building Big Gas Position
Natural gas, particularly unconventional resources, will continue to be a major focus for ExxonMobil Corp. in the coming decades, CEO Rex Tillerson told shareholders at the company’s annual meeting in Dallas last week.
ExxonMobil Still Keen on Natural Gas, Says CEO
Natural gas, particularly unconventional resources, will continue to be a major focus for ExxonMobil in the coming decades, CEO Rex Tillerson told shareholders at the company’s annual meeting in Dallas on Wednesday.
U.S. Energy Independence Not Achievable Before 2030, Survey Finds
U.S. energy independence won’t be achievable until at least 2030, even with a renewed focus on domestic energy resources, energy infrastructure and unconventionals, according to more than two-thirds of the energy executives responding to a new survey conducted by KPMG Global Energy Institute (GEI).