Tuesday, May 20, 2025
U.S. crude trading at big discount to Dubai oil- oil and gas 360

U.S. crude trading at big discount to Dubai oil

Oil Price Heavy trading in Dubai oil has lifted its premium to WTI crude to its highest since late March, a development that could make U.S. crude even more competitive in Asia.  More traders have turned to Dubai after Persian Gulf producers such as Saudi Arabia hiked prices and shipping rates also climbed.   Bloomberg has reported that Dubai swaps were trading

Patterson-UTI Energy and NexTier Oilfield Solutions to combine in merger of equals, creating industry leading drilling and completions services provider- oil and gas 360

Patterson-UTI Energy and NexTier Oilfield Solutions to combine in merger of equals, creating industry leading drilling and completions services provider

Oil and Gas 360 Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders Combined $5.4 Billion Total Enterprise Value Drives Improved Free Cash Flow Generation and Strong Balance Sheet to Deliver Long Term Value to Shareholders, Including Continued Commitment to Shareholder Return Program Expected to be Accretive to Earnings per Share

Earthstone Energy announces $1.0 billion Delaware Basin acquisition- oil and gas 360

Earthstone Energy announces $1.0 billion Delaware Basin acquisition

Oil and Gas 360 Highly Accretive Transaction in Delaware Basin Meaningfully Increases Scale THE WOODLANDS, Texas, June 15, 2023 (GLOBE NEWSWIRE) — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our”, or “we”) today announced that it has entered into an agreement (the “Agreement”) to acquire Novo Oil & Gas Holdings, LLC (“Novo”), a privately-held Delaware Basin focused E&P company

NOG announces joint acquisition of Northern Delaware Basin Permian assets- oil and gas 360

NOG announces joint acquisition of Northern Delaware Basin Permian assets

Oil and Gas 360 Largest Transaction in Company History to be Highly Accretive to Key Financial Metrics, Adds ~5,600 Net Acres to Delaware Basin Portfolio HIGHLIGHTS Joint acquisition with Earthstone Energy, Inc. (“Earthstone”) of certain assets (the “Novo Assets”) of Novo Oil & Gas Holdings, LLC, an EnCap portfolio company (“Novo”) NOG purchasing a 33.33% undivided stake in the Novo

US natgas futures up 4% on soaring prices in Europe, drop in US output- oil and gas 360

US natgas futures up 4% on soaring prices in Europe, drop in US output

BOE Report U.S. natural gas futures climbed about 4% to a three-week high on Thursday on soaring gas prices in Europe and a decline in U.S. output. That price increase came despite a drop in the amount of gas flowing to U.S. liquefied natural gas (LNG) export facilities due to plant maintenance.   It also preceded a federal report expected to

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

Weekly Gas Storage: Inventories increase by 84 Bcf

Natural Gas Inventories as of June 9, 2023 The EIA has released its natural gas inventory report, showing a net increase of 84 Bcf as of June 9, 2023. Working gas in storage was 2,634 Bcf as of Friday, June 9, 2023, according to EIA estimates. This represents a net increase of 84 Bcf from the previous week. Stocks were