Wednesday, June 25, 2025
U.S. shale “ripe” for takeover boom as producers look for new drilling sites- oil and gas 360

U.S. shale “ripe” for takeover boom as producers look for new drilling sites

World News (Bloomberg) – The U.S. energy patch is ripe for a takeover boom, as oil and gas producers turn to dealmaking to find new sites to drill. Companies are seeking to bulk up and consolidate, particularly in the Permian basin of Texas and New Mexico, the largest and most productive oil field in the U.S., industry experts say. Tie

Hess shares gain on earnings, new Guyana discovery- oil and gas 360

Hess shares gain on earnings, new Guyana discovery

Oil Price Hess Corporation (NYSE:HES) beat Wall Street estimates in its first-quarter earnings report released on Wednesday and added another discovery in offshore Guyana to its production portfolio, though the good news failed to boost share prices in early morning trading. Despite first-quarter oil prices that were some 20% lower than in 2022, Hess reported Q1 earnings of $346 million, or

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 79 Bcf

Natural Gas Inventories as of April 21, 2023 The EIA has released its natural gas inventory report, showing a net increase of 79 Bcf as of April 21 2023. Working gas in storage was 2,009 Bcf as of Friday, April 21, 2023, according to EIA estimates. This represents a net increase of 79 Bcf from the previous week. Stocks were