Remove Casing Remove Completion Remove Midstream
article thumbnail

Scout Energy Management Acquires Permian Basin Assets from ConocoPhillips

Oil Gas Leads

In this case, the permits in question fall under Permit by Rule (PBR) , a streamlined authorization process designed for facilities that meet specific emissions and operational criteria. The company is looking to divest non-core assets as it prepares to complete its $22.5 billion acquisition of Marathon Oil by the end of the year.

Basin 52
article thumbnail

Sierra Club Asks Court to Ban Use of Legacy DOT-111 Tank Cars

The Energy Law

As if crude producers and midstream transportation companies don’t already have enough problems trying to get crude oil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.

article thumbnail

ConocoPhillips Q4 2024 Earnings Call: Key Updates on the Permian Basin

Oil Gas Leads

“We dont see anything different from the acquisition case. The company reported 833,000 barrels of oil equivalent per day (boe/d) in the Permian for Q4 2024, attributing its success to significant efficiency improvements. We’ve got 2,000 competitive well locations, as Ryan mentioned, around that $40 per barrel cost of supply.

Basin 52