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Permian

Permian Rivals Near Deal to Create $50 Billion Oil-and-Gas Behemoth

Diamondback could announce a deal with the closely held Endeavor Energy Resources as soon as Monday. Diamondback could announce a deal with the closely held Endeavor Energy Resources as soon as Monday. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the…

Oldest Fossilized Skin Discovered, Clocks in at 300 Million Years Old

Researchers believe they’ve found the oldest known fossilized skin, hidden away in a limestone cave system in Oklahoma. The skin sample dates to the early Permian Period, between 289 million years ago and 286 million years ago.Are You Rich Enough to Buy This Folding TV?The skin belonged to an ancient reptile and is epidermis—the outer layer of skin in amniotes, a group that includes terrestrial reptiles, mammals, and birds. A study describing the skin as well as several other fossils found in the cave system is published…

Permian marine mass extinction linked to volcanism-induced anoxia

Schematic diagram of a three-stage model for the paleoenvironmental evolution of the Upper Yangtze, China, through the middle-late Permian. Credit: Wang et al 2024 Mass extinctions are rapid global decreases in Earth's biodiversity, with five key events identified over the planet's history, arguably the most famous of which occurred ~66 million years ago during the Cretaceous, which brought the rein of dinosaurs to an end.…

Denver’s Civitas Resources strikes $4.7B deal to move into Permian

Denver-based oil and gas company Civitas Resources has struck two deals totaling nearly $5 billion to move into the Permian Basin, the country’s leading shale-oil play. Civitas said Tuesday that it has signed agreements for a total of $4.7 billion with affiliates of Hibernia Energy and Tap Rock Resources, companies managed by the private equity firm NGP Energy Capital Management. Civitas called the deal transformative, giving it “a stronger, more balanced and sustainable enterprise.” Civitas, which currently operates only…

Denver’s Ovintiv gets $4.3B deal to expand drilling in Texas’ Permian Basin

The Denver-based energy company Ovintiv Inc. on Monday announced a nearly $4.3 billion deal for 65,000 acres of largely undeveloped resources and 1,050 well locations in the prolific Permian Basin in Texas. The deal was announced just a day after Saudi Arabia and other major oil producers said they will cut output by more than a million barrels a day. Oil prices shot up Monday and predictions were rampant of a return to $100 a barrel for oil. Ovintiv, formerly called Encana, said in a statement that the cash and stock…

Exxon Mobil Has a Potash Problem in the Permian Basin

A vital crop nutrient that lies underground near oil and natural-gas reserves is holding back Exxon Mobil Corp.’s XOM -0.35% development of a key asset in the booming Permian PR 0.19% Basin.Unlike many of its rivals in the largest U.S. oil patch, the Texas oil company shares a sizable chunk of its land with mining companies that extract potash and other minerals used to produce fertilizer from underground mines,…

Is the Spotted Lanternfly Takeover Inevitable?

Dead spotted lanternflies on a tree at Inwood Hill Park on September 26, 2022 in New York City.Photo: Michael M. Santiago (Getty Images)You’ve heard the pleas from scientists: Squash these bugs without mercy. Entomologists and agriculture experts have been begging the public to help stop the spread of the ultra-destructive spotted lanternfly for several years now, but despite our best efforts, the invasive insect is now a familiar sight in 14 states,where it’s killing trees and crops and generally creeping people out.