US upstream news

ConocoPhillips has announced it has entered into an agreement to sell its interests in the Ursa and Europa Fields to subsidiaries of Shell plc, for US$735 million subject to customary closing adjustments.

Earlier this month, BGX acquired a 10% working interest in the well and an option to participate in any offset developmental wells in a 210 acre area of mutual interest from the operator, Adler Energy, LLC.

UP serves clients throughout Texas with a focus on oil and gas, industrial, commercial and residential projects.

Outrigger Energy II LLC has announced that it has completed the sale of its midstream system in the Williston Basin of North Dakota to Hiland Partners Holdings LLC, a wholly owned subsidiary of Kinder Morgan, Inc. for US$640 million.

The US Energy Information Administration has predicted that worldwide production of petroleum will grow more in non-OPEC+ countries in 2025 and 2026.

Privately owned US oil and gas producer Validus Energy is set to acquire rival 89 Energy III for approximately US$850 million, including debt.

Impact Oil & Gas Ltd has provided an update on its operations at the Tamboti-1X exploration well and announces spudding of Marula-1X exploration block 2913B (PEL 56) offshore Namibia.

The US Senate on Monday 3 February confirmed Chris Wright, a fracking executive, to be President Donald Trump's energy secretary.

Crescent Energy Company has announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of US$905 million, consisting of US$830 million in cash and 5 454 546 shares of Class A common stock.

Diversified Energy has announced that it has entered into a definitive agreement to acquire Maverick Natural Resources, a portfolio company of EIG, for total consideration of approximately US$1275 million.