Archives for February 2019
Drilling Down: Oasis Petroleum doubles down on $1 billion Permian Basin purchase
Houston exploration and production company Oasis Petroleum is doubling down on drilling more than 23,000 acres of Permian Basin oil leases that it bought for nearly $1 billion. Source: FuelFix
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U.S. producers pulled 15 oil rigs out of service last week
The U.S. lost 15 oil rigs last week and added one gas rig, showing that even after a slight recovery the week prior, producers are still being cautious in the U.S. Source: FuelFix
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Port Arthur LNG moves to next step of permit process after clearing environmental hurdle
Sempra Energy’s proposed Port Arthur LNG project has moved to the next step of federal permitting process after clearing an environmental hurdle. Source: FuelFix
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Chesapeake, WildHorse complete $3.98 billion M&A deal
Chesapeake Energy has completed a $3.98 billion deal to buy WildHorse Resource Development Corp. Source: FuelFix
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