Exxon’s Permian Production to Yield $64B for New Mexico

Industry Headlines

US Has Net Loss of One Rig
Friday, May 17, 2019 The U.S. dropped three oil rigs and added two gas rigs for a net loss of one rig this week.

Crude Oil Up for the Week
Friday, May 17, 2019 Both the WTI and Brent contracts declined Friday but remain positive week-on-week.

Sunday OPEC+ Meeting Should be Uneventful
Friday, May 17, 2019 The OPEC+ joint ministerial monitoring committee meeting on Sunday should be uneventful, at least according to Jefferies.

Oil Set for Largest Weekly Gain Since Early April
Friday, May 17, 2019 Oil headed for its biggest weekly gain since early April as flaring tension in the Middle East took precedence over an escalating trade war between the world's two biggest economies.

Trudeau's Rival Pledges Energy Independence by 2030
Thursday, May 16, 2019 Canada's opposition Conservatives will seek to make the country oil independent within 10 years if they win power.

Oil Prices Finish Higher
Thursday, May 16, 2019 The two major oil benchmarks moved in the same direction and by the same amount Thursday.

American Oil Finds New Markets
Thursday, May 16, 2019 U.S. crude is reaching new destinations around the world after Chinese buying slowed.

OPEC+ Grapples with Iran Crisis
Thursday, May 16, 2019 When OPEC and its allies gather in the Saudi Arabian city of Jeddah this weekend their conversation will be dominated by Iran.



Eni Makes New Light Oil Find
Tuesday, May 14, 2019 Eni makes a new light oil discovery in Block 15/06 in Angola's deep offshore.

Exploration Gets Its Mojo Back
Tuesday, May 14, 2019 The exploration sector has got its mojo back, according to energy research and consultancy company Wood Mackenzie.

Super Player Eni Makes Discovery Offshore Ghana
Thursday, May 09, 2019 Eni has made a gas and condensate discovery offshore Ghana.

Most US Offshore Resources Not Up for Grabs
Wednesday, May 08, 2019 94 percent of U.S. offshore resources are not available for investment.

Majors Driving Rise in Global Discoveries
Tuesday, May 07, 2019 If the rest of 2019 continues at a similar pace, this year will be on track to exceed last year's discovered resources by 30 percent.

Outback Australia May Be Hiding Next 'Ferrari of Shale'
Thursday, May 02, 2019 In a corner of outback Australia, a drilling crew will soon try tapping shale rocks that could hold more than three times the world's annual consumption of natural gas.



Brazil's Offshore Making a Comeback
Wednesday, May 15, 2019 The South American country aims to grow oil production by nearly 200 percent.

OPEC Output Holds Steady Amid Volatility
Wednesday, May 01, 2019 The 14 members of OPEC pumped 30.3 million barrels a day in April, according to a Bloomberg survey.

US Oil Output Drops
Wednesday, May 01, 2019 U.S. crude oil production dropped from January to February this year.

Top 2019 GOM Equity Producers
Monday, April 29, 2019 A combined Chevron and Anadarko entity would take first place in a table of top 2019 Gulf of Mexico equity producers, Rystad Energy has confirmed.

Venezuela Oil Output at Lowest Level Since Jan 03
Thursday, April 25, 2019 Venezuela's crude oil production is falling, according to the EIA.

US Shale Gas Swamps Market
Wednesday, April 17, 2019 Natural gas futures tumbled to the lowest in almost three years.


Finance and Investing

Additional Capital Discipline Critical for Future Shale Sucess
Monday, May 06, 2019 In the midst of the current shale boom, investors are pushing for more capital discipline, lower costs and better returns.

Aramco Sells an Impressive $12 Billion of Bonds
Wednesday, April 10, 2019 The debt offering is one of the most oversubscribed in history.

Aramco Gets $85B Demand for Maiden Bond
Tuesday, April 09, 2019 Oil giant Aramco received a blockbuster $85 billion in orders for its maiden global bond.

The Oil Industry's Wall Street Burden
Friday, March 01, 2019 The battle among analysts between calls for production growth and returns continues.

Pemex Assistance Plan Fails to Impress Bondholders
Friday, February 15, 2019 Pemex, the world's most indebted oil company, will refrain from issuing new bonds this year.

PetroQuest Emerges from Chapter 11 Bankruptcy
Tuesday, February 12, 2019 US independent PetroQuest Energy emerges from Chapter 11 bankruptcy.


Company Operations

Exxon’s Permian Production to Yield $64B for New Mexico
Friday, May 17, 2019 ExxonMobil Corp.'s development of its Permian resources could yield $64B for the state of New Mexico, according to a study conducted for the company.

Hess Ranked Top Oil and Gas Firm in BCC List
Friday, May 17, 2019 Hess has been ranked as the top oil and gas company on Corporate Responsibility magazine's 2019 100 Best Corporate Citizen's list.

Decom Players Combine to Form New Company
Thursday, May 16, 2019 Decom Energy, Heerema Marine Contractors and AF Offshore Decom have combined to launch Fairfield Decom.

Schlumberger in $400MM Deal to Sell Drilling Assets
Wednesday, May 15, 2019 Schlumberger is divesting non-core drilling assets to Wellbore Integrity Solutions for $400 million.

Spur Energy, KKR Partner and Buy Permian Assets
Wednesday, May 15, 2019 Spur Energy Partners LLC and global investment firm KKR have partnered to acquire oil and gas production and development assets in the Lower 48.

UK Safety Body Appoints Piper Alpha Survivor
Wednesday, May 15, 2019 The board of Step Change in Safety announces the appointment of Steve Rae as the organization's new executive director.

Petrobras Awards Sepia Phase 1 Contract
Tuesday, May 14, 2019 The full Sepia field development calls for 15 wells.