By Offshore Energy Today.. Oil major Chevron Corporation saw an increase in its quarterly earnings boosted by record production volumes driven by growth in the Permian Basin and at Wheatstone in Australia. … Read Full Article Here For more great articles: Offshore Energy Today
By LNG World News Chevron has named Michael Wirth as the company’s new chairman and CEO, succeeding John Watson who will retire from the company on February 1, 2018, after 37 years service, including eight years as chairman and CEO. Speaking following his appointment, Wirth said that the company, under Watson’s leadership, developed assets in…
Sunoco Logistics Partners LP has bought Vitol Group’s Permian basin crude oil system for $760 million plus working capital. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation
IOG Capital LP said that since May 1 it has committed to fund more than $260 million in the acquisition and development of oil and gas properties in partnership with operators in the Permian basin, STACK, Austin Chalk, and Eagle Ford plays of Texas and Oklahoma. Read Full Article Here For more great articles: Oil…
A subsidiary of EnLink Midstream Partners LP and EnLink Midstream LLC have launched an open season for their Greater Chickadee crude oil gathering system in the Permian basin. The companies announced plans for the system last month. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation
A subsidiary of EnLink Midstream Partners LP and EnLink Midstream LLC plans to construct a crude oil gathering system in Upton and Midland counties, Tex., in the Permian basin. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation
Breitling Energy Corp. of Dallas spudded its Sellers 60 #1 well in the Permian basin of West Texas on Sept. 21. The well targeted a vertical depth of 9,000 ft. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Article Abstract: Redhawk Resources encompasses 3,800 contiguous acres of producing oil and gas leases with 70 existing shallow wells in Pecos County, Texas. The existing wells were purchased in various stages of operation. Twenty-nine of the wells were down on day 1 of operations. from Oil Exploration & Production News Click Here To Read Full…
Article Abstract: Redhawk Resources Management III LLC (comprising managing partners Progressive Equities, LLC, Redhawk Resources LLC, and StableRock Energy LLC) has begun its newest offering, Redhawk Resources – Fund III LP, in the Permian Basin. from Oil Exploration & Production News Click Here To Read Full Article Visit Oil Exploration & Production News for more…
Article Abstract: [Reuters] – Pioneer Natural Resources will not add any new oil rigs in 2015 and is mulling the timing of its previously announced 2016 rig expansion program, Chairman and Chief Executive Officer Scott Sheffield said on Tuesday. The company had planned to add two rigs per month from July 2015 through the end…