2021-01-14 13:55:00
U.S. SHALE ACQUISITION $4.5 BLN
ENERDATA - 14 Jan 2021 - Pioneer Natural Resources has completed the acquisition of Parsley Energy following stockholder approvals. In October 2020, Pioneer Natural Resources entered into a definitive agreement to acquire its peer Parsley Energy in an all-stock transaction valued US$4.5bn. Pioneer Natural Resources will assume Parsley Energy’s debt, raising the total value of the transaction to US$7.6bn. The combined company will have a production base in the Permian basin of 328,000 bbl/d of oil and 558,000 boe/d of hydrocarbon as the second quarter of 2020. In addition, Pioneer Natural Resources' reserves will increase by around 65%.
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Earlier:
2020, December, 18, 11:50:00
U.S. OIL COMPANIES BANKRUPTCIES
Many oil companies that were hit hard in 2015 from the sudden drop in oil prices to levels not seen in years at the time, were able to hold on initially.
2020, December, 15, 14:10:00
U.S. PRODUCTION: OIL (-137) TBD, GAS (-744) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 137,000 b/d month-over-month in December from 7,575 to 7,438 thousand barrels/day, gas production to decrease 744 million cubic feet/day from 81,521 to 80,777 million cubic feet/day .
2020, December, 3, 11:40:00
U.S. OIL, GAS M&A
Including completed and announced deals in progress through November 30, asset transactions in the United States and Canada totaled $60 billion,
2020, November, 18, 14:30:00
U.S. OIL PRODUCTION WILL BE 10.6 MBD
By August production of crude oil had risen to 10.6 million b/d in the United States,
2020, October, 26, 14:00:00
U.S. SHALE SURVIVORS
The sector is in full-on merger mode in response to oil prices that have been stuck at around $40 a barrel in recent months after the Covid-19 pandemic hit global demand.
