XOM: Proved reserves grew by 19% in 2017

February 12, 2018 0

ExxonMobil has reported that its reserves grew by 19% in 2017, mostly due to U.S. shale plus drilling in the United Arab Emirates, Guyana and Mozambique, Kallanish Energy reports.

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Pioneer to sell off non-Permian Basin assets

February 8, 2018 0

Pioneer Natural Resources is moving to become a Permian Basin-only energy company, Kallanish Energy reports. The company announced plans to sell off all of its non-Permian Basin acreage and infrastructure to focus solely on the Permian Basin in West Texas and New Mexico.

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Double Eagle Energy secures more than $1B in equity commitments

February 7, 2018 0

Double Eagle Energy Holdings III, an independent oil and gas producer centered in the Permian Basin, said the Texas-based company has secured equity commitments of more than $1.0 billion, anchored by commitments from funds managed by affiliates of Apollo Global Management.

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Atlas Sand secures $150M in financing from BlackGold Capital

February 5, 2018 0

Atlas Sand and BlackGold Capital Management announced last week the closing of a $150 million credit facility to fund a portion of the ongoing construction of Atlas' Kermit and Monahans hydraulic fracturing sand plants in West Texas and for general company purposes.

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