Positive Industry News and Events
Upstream
-
-
Unit Corporation Announces Sale of Its Contract Drilling Business to Cactus Drilling for $120M
This article is brought to you by: Charter Pipe, Leaders in OCTG Oct 1, 2025 | News TULSA, Okla. – Unit Corporation (OTCQX: UNTC) (Company) today announced that it signed and simultaneously closed a definitive agreement to sell its wholly-owned contract drilling subsidiary, Unit Drilling Company, to Cactus Drilling Company, L.L.C. in an all-cash deal […] More
-
Shenandoah Achieves 100,000 BOPD Milestone
Houston, TX, October 9, 2025. Beacon Offshore Energy LLC (“Beacon”) announced today that it has successfully completed the ramp-up of the four Phase 1 development wells in its operated Shenandoah field to its target rate of 100,000 bopd / 117,000 boepd. Well productivity as well as reliability and uptime metrics of the Shenandoah floating production […] More
-
Trump Administration Reopens Alaska’s Arctic Refuge to Oil Leasing
The Trump administration has announced a major shift in U.S. energy policy, reopening the Coastal Plain of Alaska’s Arctic National Wildlife Refuge (ANWR) for oil and gas leasing. The move, unveiled alongside Alaska Governor Mike Dunleavy and the state’s congressional delegation, fulfills a long-standing Republican goal to expand energy development in Alaska. The Department of […] More
-
-
Civitas and SM Energy in Advanced Merger Talks as $14 Billion Deal Could Reshape the Permian Basin
Civitas Resources and SM Energy are reportedly in advanced talks for a potential merger of equals valued at around $14 billion, including debt, according to Bloomberg. Although discussions remain preliminary and no official agreement has been announced, the deal could mark one of the largest U.S. shale mergers of the year. The combined company would […] More
-
LandBridge Announces Agreement to Acquire ~37,500 Total Acres in the Delaware Basin
Acreage offers existing cash flows and significant future revenue growth opportunities via high-quality pore space and strategic surface access Acquisition of acreage across Loving, Reeves, Winkler and Ward counties increases total holdings to ~300,000 surface acres HOUSTON–(BUSINESS WIRE)– LandBridge Company LLC (NYSE: LB) (“LandBridge”) today announced that it has entered into an agreement to acquire […] More
-
APPROX $5Billion: bp approves Tiber-Guadalupe project in the US Gulf of America
One of the 8-10 major projects expected to start up globally between 2028-2030 Represents bp’s commitment to grow the upstream, invest in the Gulf of America and grow value for bp Tiber platform to have production capacity of 80,000 barrels of oil per day 100% bp-owned project fully accommodated within bp’s disciplined financial framework; leverages […] More
-
-
$550 Million Chord Energy Announces Strategic Acquisition of Williston Basin Assets from XTO Energy
Chord Energy Announces $550 Million Acquisition of Williston Basin Assets from XTO Energy HOUSTON, Sept. 15, 2025 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy” or the “Company”) today announced that a wholly owned subsidiary of Chord has entered into a definitive agreement to acquire assets in the Williston Basin from XTO Energy […] More
-
$717 Million Merger: California Resources Corporation Announces All-Stock Combination with Berry Corporation
Highly Accretive Transaction Across Key Financial Metrics Enhances CRC’s Portfolio Combination to Create a Stronger, More Efficient Leader in California Energy LONG BEACH, Calif. and DALLAS, Sept. 15, 2025 (GLOBE NEWSWIRE) –– California Resources Corporation (NYSE: CRC) (“CRC”) and Berry Corporation (NASDAQ: BRY) (“Berry”) jointly announced today their entry into a definitive agreement to combine […] More
-
$3.1 Billion Acquisition: Crescent Energy to Acquire Vital Energy in All-Stock Transaction, Establishing a Top 10 Independent
Accretive on all key metrics, delivering immediate and sustainable value for shareholders Assets will be managed within Crescent’s consistent strategy focused on free cash flow and returns Crescent increases non-core divestiture pipeline to $1 billion HOUSTON, August 25, 2025 – Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) and Vital Energy, Inc. (NYSE: VTLE) […] More
-
-
ExxonMobil Guyana begins production at fourth offshore Guyana project
Yellowtail brings Guyana’s total installed capacity to above 900,000 barrels of oil per day (bopd). Largest Guyana development to date with an initial annual average production of 250,000 bopd. Startup achieved four months ahead of schedule, demonstrating industry-leading project execution. SPRING, Texas – ExxonMobil Guyana started production today at Yellowtail, the fourth oil development in […] More
-
ConocoPhillips announces second-quarter 2025 results and quarterly dividend – Agreement to sell $1.3 Billion Anadarko Basin Assets
Reported second-quarter 2025 earnings per share of $1.56 and adjusted earnings per share of $1.42. Generated cash provided by operating activities of $3.5 billion and cash from operations (CFO) of $4.7 billion. Declared third-quarter ordinary dividend of $0.78 per share. Completed the asset integration of Marathon Oil and remain on track for more than $1 […] More
-
Occidental Announces Further Progress on Asset Sales and Debt Reduction
Announced four divestures since April 2025, generating approximately $950 million in proceeds for debt reduction Repaid approximately $7.5 billion in debt since July 2024 HOUSTON — August 6, 2025 — Occidental (NYSE: OXY) today announced it has signed four agreements to divest select Permian Basin assets, generating approximately $950 million in proceeds to be used […] More
-
-
$53Billion Acquisition Complete: Chevron Completes Acquisition of Hess Corporation
Creates premier integrated oil & gas company Combines world-class assets, people and capabilities Drives industry-leading free cash flow growth and shareholder returns HOUSTON, Texas, July 18, 2025 — Chevron Corporation (NYSE: CVX) announced today that it has completed its acquisition of Hess Corporation (NYSE: HES) following the satisfaction of all necessary closing conditions, including a […] More
-
$1.3 Billion Acquisition: Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin
OKLAHOMA CITY–(BUSINESS WIRE)– Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced it has entered into two separate definitive agreements: one to acquire certain oil and gas assets from Sabinal Energy, LLC (“Sabinal”), and another to acquire entities owning oil and gas assets managed by IKAV Energy Inc (collectively “IKAV San Juan”). […] More
-
Valaris Announces Multi-Year Contract Awards for Drillships VALARIS DS-16 and DS-18
Hamilton, Bermuda, July 6, 2025 … Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, that is expected to start in mid-fourth quarter 2026, with Anadarko Petroleum Corporation, […] More
-
-
OFFSHORE Total Energies Brazil: First oil of Mero-4
Paris, May 26, 2025 – TotalEnergies announces first oil from the fourth development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin. Launched in August 2021, this new phase called “Mero-4” will connect 12 wells to […] More
-
USGS assessment estimates 27 trillion cubic feet of gas, 473 million barrels of oil estimated in SW Wyoming, NE Colorado
Interior Releases Assessment of Undiscovered Oil and Gas Resources in Southwestern Wyoming USGS assessment estimates 27 trillion cubic feet of gas, 473 million barrels of oil estimated in SW Wyoming, NE Colorado 5/21/2025 WASHINGTON — The Department of the Interior today announced the release of a new U.S. Geological Survey assessment identifying significant undiscovered, technically […] More
-
Sable Offshore Restarts Production off the coast of California after 10 years
05/19/2025 HOUSTON–(BUSINESS WIRE)– Sable Offshore Corp. (“Sable,” or the “Company”)(NYSE: SOC) today announced that as of May 15, 2025, it has restarted production at the Santa Ynez Unit (“SYU”) and has begun flowing oil production to Las Flores Canyon (“LFC”). Additionally, with the completion of the Gaviota State Park anomaly repairs on the Las Flores […] More
BECOME A SPONSOR IN AN EXCLUSIVE OFFER
Join Us as a Sponsor and Position Your Brand at the Top of the Industry!