Page 2 - Apache Corp News Today

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

A new report finds that US oil and gas mergers and acquisitions hit a new first quarter high during Q1 2024.

Oil And Gas M&A: Most of the high-quality US drilling prospects are in the Permian "so it is unsurprising the prolific basin was yet again the primary driver for M&A within oil and gas," said Andrew Dittmar, Enverus Intelligence Researchs principal analyst.

Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.

Houston-based data provider Enverus reported that the United States saw a record-breaking $51 billion worth of oil and gas deals in the first quarter of the year

Asked for an update on the eastern North Slope drilling program operated by Bill Armstrong

Energy company Apache Corp. must implement a third-party verification system to ensure that it’s complying with a court-approved consent decree for air quality violations at its well pads in Texas and New Mexico.

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Alaska North Slope production held steady in March at 479,867 barrels per day, on average compared with February’s average of 480,069 barrels per day, according to Alaska Department of Revenue

The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.