United States
Promotions , Restructurings
Exxon Appoints Maria Jelescu Dreyfus to Board
Dreyfus is CEO and founder of Ardinall Investment Management, a sustainable investment firm, and currently serves on the board of Cadiz Inc. and Canada-based pension fund CDPQ.
Field Development , Emerging Plays
SM Energy Targets Prolific Dean in New Northern Midland Play
KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
Acquisitions & Divestitures , Energy Storage
Equinor Acquires Stake in Standard Lithium Smackover Projects
Equinor’s transaction, completed effective May 7, includes interests in Standard Lithium’s flagship South West Arkansas Project and East Texas properties.
Wind , Offshore Technology Conference (OTC)
Ørsted Exec: Offshore Wind Picking Up Speed, Despite Challenges
The offshore wind sector is regaining momentum in the U.S., with 250 turbines coming in the next three years compared to seven a year ago, said Troy Patton, head of program execution for Ørsted Americas.
Business
Hess Midstream Subsidiary Plans Private Offering of Senior Notes
The proposed issuance is not expected to have a meaningful impact on Hess Midstream’s leverage and credit profile, according to Fitch Ratings.
Exploration & Production , Drilling
Crescent Energy: Bigger Uinta Frac Now Making 60% More Boe
Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.
Acquisitions & Divestitures , Field Development
Evolution Petroleum Sees Production Uplift from SCOOP/STACK Deals
Evolution Petroleum said the company added 300 gross undeveloped locations and more than a dozen DUCs.
Renewables , Artificial Intelligence , Technology
Renewable Energy Producers Prep for More Demand from Big Tech
Dominion Energy expects to connect 15 more data centers this year.
Acquisitions & Divestitures , Exploration & Production
Permian Resources Adds More Delaware Basin Acreage
Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.
Natural Gas , Conventional , Field Development
APA Corp. Latest E&P to Bow to Weak NatGas Prices, Curtail Volumes
APA Corp. plans to curtail gas and NGL production in the U.S. owing to weak Waha prices but remains confident it can deliver in the Permian Basin, CEO John Christmann said during a quarterly webcast with analysts.