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ConocoPhillips Expects Higher First-quarter Output as Oil Prices Recover

2021-03-31 15:05:52| OGI

The top independent U.S. oil producer forecast production of 1.47 million barrels of oil equivalent per day (MMboe/d) to 1.49 MMboe/d.

Tags: prices higher oil output

 

Marathon Oil Reduces Gross Debt by $500 Million

2021-03-31 11:25:00| OGI

Marathon Oil intends to fully redeem its 2022 senior notes, which the Houston-based oil and gas producer said will reduce gross debt by $500 million and annual cash interest expense by $14 million.

Tags: million oil debt gross

 
 

OPEC+ Lowers Oil Demand Growth Forecast Ahead of Meeting

2021-03-31 11:15:00| OGI

The Joint Technical Committee of OPEC+, which advises the group of oil-producing nations that includes Saudi Arabia and Russia, met on March 30 ahead of a ministerial meeting on April 1 to decide output policy.

Tags: meeting growth oil demand

 

Oil and Gas Investor At Closing: All SPAC-ed Out

2021-03-31 10:00:00| OGI

Investors are not recognizing how much value is still in oil and gas right nowthe most in years. Many of these newly disciplined large-cap E&P companies are in good shape and getting better. 

Tags: out gas oil closing

 

Marketed: Rubicon Oil & Gas II Central Basin Platform Opportunity

2021-03-30 21:25:00| OGI

Rubicon Oil & Gas II LLC retained Detring Energy Advisors to market for sale its oil and gas leasehold and related interests located in Winkler County, Texas.

Tags: central opportunity gas oil

 

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