Exxon’s shale boss in Texas jail on sexual assault charge
Exxon Mobil’s head of shale remained in a Texas jail Sunday after he was arrested for sexual assault at a hotel near Houston last week, police said.
Unconventionals
Exxon CEO’s quest for mega deal is a bet on oil’s staying power
Exxon Mobil boss Darren Woods is poised to emulate his two predecessors with a career-defining mega deal that — for better or worse — would likely transform the oil giant.
INEOS buys Chesapeake shale assets for $1.4 billion
Ineos Energy has made its first play in the US onshore market with a $1.4bn acquisition of a portion of Chesapeake Energy’s US onshore oil and gas assets.
Russia to defend revenues in face of price cap
With just days remaining until the European Union imposes a price cap on Russian oil, much uncertainty remains.
BP exits Canadian oil sands, doubles down offshore
BP is selling off its oilsands project in Canada under a deal with Cenovus Energy, which will see it paid in cash and a stake in the offshore Bay du Nord project.
Exxon strikes $750m deal with BKV for Barnett Shale assets
ExxonMobil has signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas.
High and volatile oil prices for the next five years, BofA forecasts
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
$100 oil could unlock 2.2 million bpd tight oil surge, says Rystad
Analysis by Rystad Energy suggests a prolonging of current prices could unlock up to 2.2 million barrels per day (bpd) of US tight oil by next year.
Shale bets on dividends to match supermajors, revive sector
First came the production discipline, and now here’s the cash.
After blowing $300bn, US shale finally makes money
Marathon Oil Corp. used to represent everything that was wrong with U.S. shale: enormous debtloads, lavish executive pay and a seeming willingness to spend whatever it took to boost output. The company hemorrhaged money, and the stock plunged 84% from a peak in 2014 through the end of last year.
Pioneer to buy DoublePoint in $6.4bn Permian deal
Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the U.S. Permian Basin.
Equinor to sell Bakken assets for $900m, slides to losses of $4.2bn in 2020
Equinor has reached a deal to sell its stakes in the Bakken field, onshore US, to Grayson Mill Energy, backed by EnCap Investments, for $900 million.
Exxon SEC probe highlights concerns over inflated shale reserves
The Securities and Exchange Commission has been largely silent on the financial wreckage of the U.S. shale industry in recent years, but that may be about to change.
Conoco to buy Concho for $9.7bn to create shale giant
ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in America’s most prolific oil field.