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Elk Range Royalties closes $905 million acquisition of DJ Basin assets

March 24, 2025

(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). The $905 million transaction significantly expands Elk Range’s presence in a premier oil and gas region and aligns with Elk Range’s strategy of acquiring attractive

Ecopetrol looks to boost production from Colombia’s oil-rich eastern block

February 21, 2025

(World Oil) – (Bloomberg) – State-controlled oil driller Ecopetrol SA sees “great potential” for development and exploration in Colombia’s crude-producing heartland alongside bets on U.S. fracing and offshore gas. The company said this month that it now has full ownership of the CPO-09 block in the nation’s oil-rich eastern plains after completing its $452 million acquisition of Repsol SA’s 45% stake.

Colombian president cancels oil joint venture with U.S. company

February 5, 2025

(Oil Price) – Colombia’s president, Gustavo Petro, has canceled a joint venture between state energy company Ecopetrol and Occidental Petroleum on environmental concerns regarding hydraulic fracturing. Bloomberg reported that Petro had shared his concern on national TV, saying he was against a recent expansion of the deal between Ecopetrol and Oxy because it involved fracking, going counter to his energy policy

Ecopetrol, OXY to drill 34 wells in Permian under development plan extension

February 3, 2025

(World Oil) – Ecopetrol S.A. announced that its U.S. subsidiary, Ecopetrol Permian, has reached an agreement with Occidental Petroleum (OXY) to extend its development plan of Rodeo Midland Basin LLC under the joint-venture first established in July 2019. his agreement, reached by the companies, includes a drilling plan for 34 wells between April 2025 and June 2026, in addition to

Elk Range Royalties closes $905 million acquisition of DJ Basin assets

Ecopetrol looks to boost production from Colombia’s oil-rich eastern block

Colombian president cancels oil joint venture with U.S. company

Ecopetrol, OXY to drill 34 wells in Permian under development plan extension

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