Kolibri Global Energy is broadening its development strategy in Oklahoma’s Tishomingo field by targeting multiple additional reservoir benches beyond the Lower Caney, a move the company believes could significantly expand its future drilling inventory and reserves. While continuing to develop the Lower Caney formation, Kolibri plans to evaluate the False Caney, Upper Caney, T-zone and Sycamore […]
Diversified Energy Company Plc will acquire Canvas Energy in a $550 million deal that significantly expands the company’s producing assets and acreage positions in Oklahoma. Approximately 23 high-quality producing wells are included in the acquisition.
In February, ConocoPhillips said it would seek to boost returns to shareholders by nearly $1 billion this year as it booked better-than-expected earnings for the fourth quarter of 2024. The company’s Q4 adjusted earnings reported in February were at $2.4 billion, or $1.98 per share, down from adjusted earnings of $2.9 billion, or $2.40 per share, for the same period a year earlier.