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February 14, 2024

Diamondback becomes next Permian acquisition candidate on heels of Endeavor megadeal- oil and gas 360

Diamondback becomes next Permian acquisition candidate on heels of Endeavor megadeal

February 14, 2024

World Oil (Bloomberg) – Diamondback Energy Inc.’s blockbuster deal for Endeavor Energy Resources LP makes the company’s shares the best way to invest in the prolific Permian basin in Texas, according to Tortoise Capital Advisors LLC. “Diamondback will become an acquisition target in 2025 given its larger size,” Tortoise senior portfolio manager Rob Thummel said in a note Tuesday. ConocoPhillips

Oil majors rejigger portfolios with $30-per-barrel price in mind- oil and gas 360

Oil majors rejigger portfolios with $30-per-barrel price in mind

February 14, 2024

Nasdaq HOUSTON – Oil majors are targeting new oilfields that can be profitable even if oil prices fall to about $30 per barrel, using a third year of rising demand to reshape portfolios amid uncertainty over the industry’s future. Investors have not returned to oil stocks despite recent high earnings. Even the world’s lowest-cost oil producer, Saudi Aramco 2223.SE, has joined the

Comstock Resources, Inc. reports fourth quarter 2023 financial and operating results- oil and gas 360

Comstock Resources, Inc. reports fourth quarter 2023 financial and operating results

February 14, 2024

Oil and Gas 360 FRISCO, TX, Feb. 13, 2024 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2023. Highlights of 2023‘s Fourth Quarter Continued weak natural gas prices weighed heavily on the fourth quarter results. Natural gas and oil sales, including realized hedging gains, were $354 million. Adjusted EBITDAX for

Bayswater acquires new DJ assets & continues to expand Colorado footprint- oil and gas 360

Bayswater acquires new DJ assets & continues to expand Colorado footprint

February 14, 2024

Oil and Gas 360 NEWS PROVIDED BY Bayswater Exploration & Production, LLC  12 Feb, 2024, 13:08 ET DENVER, Feb. 12, 2024 /PRNewswire/ — Bayswater Exploration & Production (Bayswater), a Denver-based oil and natural gas development company, recently acquired assets that will continue to expand its operations in the Denver Julesburg (DJ) Basin in Weld County, Colorado. In an agreement with Confluence DJ LLC, a

Mexican tycoon Slim cites interest in more oil investments, growing stake in Talos- oil and gas 360

Mexican tycoon Slim cites interest in more oil investments, growing stake in Talos

February 14, 2024

Investing MEXICO CITY-Mexican tycoon Carlos Slim is interested in increasing his investments in the oil sector, including in U.S.-based Talos Energy (NYSE:TALO)’s projects, after the billionaire businessman bought a stake last year in a major offshore project discovered by Talos. Speaking at a press conference, Mexico’s richest person signaled he would like to grow his company’s presence in the oil

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories increase by 12.0 million barrels

February 14, 2024

Weekly Crude Oil Storage as of February 9, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 12.0 million barrels from the previous week.  At 439.5 million barrels, U.S. crude oil inventories are 2% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage

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