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Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
Breakeven costs in America’s hottest oil play continue to rise, but crude producers are still making money, according to the first-quarter Dallas Fed Energy Survey. The situation is more dire for natural gas producers.
PermRock Royalty Trust (NYSE:PRT – Get Free Report) declared a monthly dividend on Monday, March 18th, Zacks reports. Investors of record on Thursday, March 28th will be paid a dividend of 0.023 per share on Friday, April 12th. This represents a $0.28 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend […]
Kimbell Royalty Partners (NYSE:KRP – Get Free Report) and Riley Exploration Permian (NYSE:REPX – Get Free Report) are both small-cap oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their risk, analyst recommendations, earnings, institutional ownership, valuation, dividends and profitability. Dividends Kimbell Royalty Partners pays […]