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...This would include reopening federal land that has been restricted to oil and gas drilling, added Sands....
...The combined entity, valued at about $35bn including net debt, will have 2,000 miles of pipeline infrastructure added to EQT’s portfolio of more than 4,000 drilling locations in Pennsylvania, West Virginia...
...Rising costs, labour shortages and a decline in output from new oil wells have added to producers’ caution in expanding drilling, they say....
...The potential tie-up comes as a wave of merger and acquisition activity sweeps across the US oil and gas sector as companies look to build scale and bulk up on dwindling prime drilling acreage....
...Apache Corp, the operator of the Forties oilfield for the past 20 years, will halt all drilling in the North Sea because of the UK government’s windfall tax....
...significant coup for Occidental, one of America’s biggest oil producers, and would mark the third significant transaction in the sector in less than two months as large operators vie to snap up dwindling prime drilling...
...Companies have pulled back on organic growth under pressure from investors, who have insisted that they focus on returning cash rather than spending it on drilling new wells....
...drilling sites....
...Analysts and dealmakers expect more multibillion-dollar transactions as big producers aim to stock up on prime drilling spots that they can exploit into the coming decades despite warnings that fossil fuel...
...“We have got to be able to take more water out of the reservoir, and so there are plans to pull more water out with some additional drilling and surface equipment . . ....
...More transactions now look likely in the near term, analysts and dealmakers say, as other companies move to gain scale and lock down the best remaining drilling sites in an attempt to produce the lowest-cost...
...Data centre operators face transmission and permitting delays when hooking up to the energy grid, according to Sean Graham, research director for cloud and data centres at International Data Corp, a market...
...When America’s shale revolution kicked off 15 years ago, John Hess was a leading proponent of using novel techniques such as hydraulic fracturing and lateral drilling — that had already sparked a boom in...
...There is no technological revolution on the horizon that will increase the copper supply in the way shale drilling increased the oil supply. I’m frankly not sure how to assess these arguments....
...They also worry about the potential damage caused by offshore drilling to Guyana pristine environment....
...Chesapeake Energy, a prime mover in the US shale energy revolution, has struck a $1.4bn deal to offload the bulk of its Texas oil assets as it ditches crude production in favour of drilling for natural gas...
...Oxy’s stock was demolished by a market that had already soured on an industry that had burnt through investor cash in a series of debt-funded drilling sprees with little to show in the way of returns....
...Analysts will be watching shale companies’ drilling plans this earnings season for signs of a renewed focus on growth....
...Shale groups funnelled unprecedented amounts of cash back to shareholders in the forms of dividends and stock buybacks in 2022, responding to Wall Street demands after a decade of debt-fuelled drilling binges...
...Ballet companies have a pyramidal structure that mirrors the dramatis personae of the classical repertoire: a lead couple flanked by friends and enemies and underpinned by the hard-working corps de ballet...
...With that said, companies have signalled they will raise spending a bit from 2022 levels, although much of that will be absorbed by high oilfield inflation rather than going towards any big new drilling...
...Oil people like cash well enough — but they really like drilling wells....
...In early 2021, he resurrected the Quad, a security grouping formed in 2007 consisting of the US, Japan, Australia and India that had fallen dormant after Canberra and New Delhi grew concerned about provoking...
...He died in a car crash in 2016, a day after he was indicted on charges of rigging bids for drilling rights....
...While oil and gas companies have seen an influx of cash, they remain under pressure from shareholders to keep a lid on spending on new drilling, instead funnelling money towards share buybacks, dividends...
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