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Southwestern Energy has agreed to acquire Indigo Natural Resources.
Southwestern Energy Co. (NYSE: SWN) reported Wednesday that it has agreed to acquire Haynesville Shale producer Indigo Natural Resources, LLC for approximately $2.7 billion.
“This acquisition enhances Southwestern’s position as a leading natural gas producer and aligns with our disciplined strategy to generate free cash flow, enhance our balance sheet, optimize performance, and build scale,” Bill Way, Southwestern’s president and CEO, remarked in a written statement emailed to Rigzone. “Indigo has done a terrific job building its business, and its balance sheet strength, low-cost structure, and high-quality acreage position in the core of the Haynesville play accelerates the delivery of our strategic goals.”
Baker Hughes reported that it has deployed its remote operations digital technology across Saudi Aramco s entire drilling fleet.
Baker Hughes (NYSE: BKR) reported Tuesday that it has deployed its remote operations digital technology across Saudi Aramco’s entire drilling fleet – more than 200 sites in all.
“This remote operations deployment, the largest in Baker Hughes’ history, is a strong example of how we are investing for growth with customers who are driving digital transformation at a rapid pace, such as Aramco,” Maria Claudia Borras, executive vice president of Baker Hughes’ Oilfield Services unit, remarked in a written statement emailed to Rigzone. “We will continue to expand our upstream digital capabilities to transform core operations, improve efficiency, and reduce emissions. I am proud of the Baker Hughes team’s resilience in safely executing this complex project amid the challenges of the pandemic.”
Oil extended gains after closing at the highest since October 2018 as OPEC+ provided an upbeat assessment of the demand outlook and the prospect of a speed.