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In August 2015, in partnership with GSO Capital Partners, the company acquired its GEP Haynesville assets in the Haynesville Shale, including 300 wells across 112,000 acres, from Encana for $850 million. [5] In November 2021, the company sold its Haynesville Shale GEP Haynesville asset, then producing 700 MMcf/d, to Southwestern for $1.85 ...
In January 2024, a class action lawsuit was filed accusing EOG, along with seven other US oil and gas producers, of an illegal price-fixing scheme to constrain production of shale oil used to produce gasoline, allegedly leading to drivers in the US paying more for gasoline than they would have in a competitive market. [26]
It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. [1] In May 2024, the company was acquired by ExxonMobil . As of December 31, 2022, the company had 2.376 billion barrels of oil equivalent (1.454 × 10 10 GJ) of proved reserves, of which 41% was petroleum ...
The sale could be for part or all of Shell's position in the U.S. Permian Basin, located mostly in Texas, which accounted for around 6% of the Anglo-Dutch company's total oil and gas output last year.
In March 2022, the company acquired Chief Oil & Gas for approximately $2.6 billion. [41] [42] In May 2023, the company sold a portion of its oil and gas assets in the Eagle Ford shale for US$1.4 billion, to Ineos. [43] In October 2024, the company acquired Southwestern Energy in a $7.4 billion all-stock deal and was rebranded as Expand Energy.
The play is 50 miles wide and an average of 250 feet thick at a depth between 4000 and 12,000 feet. The shale contains a high amount of carbonate, which makes it brittle, and it is thus easier to use hydraulic fracturing to produce the oil or gas. [29] The oil reserves in the Eagle Ford Shale Play were estimated in 2011 at 3 billion barrels. [30]
Chief Oil & Gas was a company involved in hydrocarbon exploration. In March 2022, it was acquired by Expand Energy . It was the second-largest producer in the Barnett Shale .
XTO Energy Inc. is an American energy company and subsidiary of ExxonMobil principally operating in North America.Acquired by ExxonMobil in 2010 and based out of Spring, Texas, it is involved with the production, processing, transportation, and development of oil and natural gas resources.
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