ConocoPhillips Completes $9.5B Shell Deal
The assets include around 225,000 net acres and producing properties located entirely in Texas.
Source: rigzone.com
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Investegate |Royal Dutch Shell plc Announcements | Royal Dutch Shell plc: Shell completes sale of its Permian business to ConocoPhillips
Investegate announcements from Royal Dutch Shell plc, Shell completes sale of its Permian business to ConocoPhillips
Source: investegate.co.uk
ConocoPhillips announces Q3 2021 financial and operational results
ConocoPhillips has reported third-quarter 2021 earnings of $2.4 billion compared with a third-quarter 2020 loss of $0.5 billion. Excluding special items, third-quarter 2021 adjusted earnings were $2.4 billion compared with a third-quarter 2020 adjusted loss of $0.3 billion.
Source: energy-pedia.com
Mid-Year Forecast: U.S. to see uptick as crude prices climb, demand recovers
Despite analysts’ dire predictions about Covid-19’s short-term/long-term effects on the industry, demand and oil prices recovered significantly in second-and-third-quarter 2021. Even with consistently higher oil prices, U.S. operators showed uncharacteristic restraint, focusing on debt reduction and shrinking the DUC backlog rather than new drilling.
Source: worldoil.com
U.S. to see uptick as crude prices climb, demand recovers
Despite analysts’ dire predictions about Covid-19’s short-term/long-term effects on the industry, demand and oil prices recovered significantly in second-and-third-quarter 2021. Even with consistently higher oil prices, U.S. operators showed uncharacteristic restraint, focusing on debt reduction and shrinking the DUC backlog rather than new drilling.
Source: worldoil.com