US upstream news

EQT Corp. has entered into a definitive purchase and sale agreement with Chevron USA Inc. under which EQT will acquire Chevron's upstream and midstream assets located in the Appalachian Basin for US$735 million.

Oil prices rose today as US production is hit by yet another hurricane, but the gains may prove to be short-lived due to the worsening Covid-19 pandemic.

The API has a published a suite of standards developed to support proper construction, safe operation and maintenance of offshore pedestal-mounted cranes for natural gas and oil platforms, as well as training for offshore crane operators.

Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately US$4.5 billion.

Oil prices fell today as a projected rise in US crude oil inventories raised concerns in the market that the supply-demand balance is deteriorating.

Oil prices have swung towards both sides today, due to the uncertainty that the OPEC+ meeting created, and as the US election is coming closer and closer.

ConocoPhillips has agreed to buy US shale oil producer Concho Resources Inc for US$9.7 billion.

PDC Energy successfully installed 22 248 ft of 5.5-in. x 20.00 ppf VA-EP-P110 VAtitan-TC in the Ferguson 23G-202 well located in the Wattenberg Field in the Denver-Julesburg Basin.

SmartFleet gives operators real-time fracture control while pumping by integrating subsurface fracture measurements, live 3D visualisation, and real-time fracture commands.

CNX Resources have successfully installed 27 361 ft of 5.5” 23# VA-EP-P110-NY VAtitan-TC on the Maj-12 pad in the Pennsylvania Utica Shale.