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In April 2012, the company acquired Dynamic Offshore Resources, LLC for $680 million in cash and approximately 74 million shares of stock. [4] On December 19, 2012, the company announced the sale of its Permian Basin properties to Sheridan Production Partners II, a privately held Houston-based oil and gas company, for $2.6 billion in cash.
Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
The acquisition increased the company's holdings by 176,000 net acres in the Delaware Basin, 200,000 net acres in the Powder River Basin, and 138,000 net acres on the Northwest Shelf in New Mexico. [21] [22] In 2017, the company formed a joint venture with The Carlyle Group to develop oil and gas assets in Ellis County, Oklahoma. [23]
And in October, the United States broke its historical record for most barrels of oil produced in one month. Oklahoma City-based oil and gas companies started 2023 with billions of dollars in ...
In February 2007, the company sold assets in Oklahoma and Texas for $860 million. [17] In December 2008, the company sold its 50% interest in the Peregrino heavy oil field offshore Brazil to Statoil for $1.4 billion. [18] In January 2012, the company sold midstream assets to Western Gas Partners for $483 million. [19]
It could be Christmas in July for the Oklahoma oil and gas industry. Lawmakers give Oklahoma oil and gas industry $50 million in budget agreement Skip to main content
ODS-Petrodata was founded in 2002 from the merger of Offshore Data Services Inc., Petrodata Ltd. and Bassoe Offshore Consultants Ltd., [4] each a provider of "data, information and market intelligence to the offshore energy industry". ODS-Petrodata's website claims that their organisation has existed in some form since 1973.
The first federal lease sale offshore Alaska was held in 1976. Alaska produces oil and gas from offshore areas in the Cook Inlet and the Arctic Ocean. [7] Endicott Island is an artificial island built to produce oil from beneath the Beaufort Sea. There are currently four artificial islands being used for drilling.