Updated Sep 25, 2024
9/25/24
APA Corp. is selling natural gas and oil properties in the Permian Basin for $950 million to high grade and focus on the U.S. asset base, CEO John J. Christmann Jr. said.
The sale, to an undisclosed buyer, includes properties in the Central Basin Platform (CBP), the Texas and New Mexico Shelf, and the Northwest Shelf. Estimated output of the properties being sold is about 21,000 boe/d net.
The CBP is a shallow formation between the Midland and Delaware sub-basins.
Carolyn Davis joined the editorial staff of NGI in Houston in May of 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, the Temple Daily Telegram and the Killeen Daily Herald. She attended Texas A&M University and received a Bachelor of Arts degree in journalism from the University of Houston.
Whitehawk Energy LLC announced it closed on the acquisition of mineral and royalty interests in the Marcellus Shale spanning about 435,000 gross unit acres.
The U.S. natural gas rig count declined by one unit to 96 for the week ended Friday (Sept. 20) as drilling slowed ahead of the fall shoulder season, according to updated Enverus and Baker Hughes Co. (BKR) data.
A North Dakota district judge has temporarily blocked a Biden administration rule that would require U.S. exploration and production (E&P) companies to reduce natural gas flaring from wells on federal and tribal lands.
Permian Basin heavyweight Diamondback Energy Inc. is adding 3,727 mineral and royalty acres to its portfolio in transactions estimated to be worth more than $1 billion.
Chevron Corp. CEO Mike Wirth is calling out the Biden administration for taking cheap shots on the natural gas industry, urging that a directive be lifted that has deferred approvals of some U.S. LNG projects.
All signs point to North America becoming the worldwide price setter for natural gas, ConocoPhillips CEO Ryan Lance said Tuesday.
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