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Permian Resources to acquire Earthstone Energy, creating a $14B Delaware Basin independent E&P

Green Car Congress

The transaction increases Permian Resources’ position in the Permian Basin by approximately 223,000 net acres to more than 400,000 net acres with pro forma production of approximately 300,000 Boe/d. Permian Resources expects to realize significant DC&F savings in the Delaware Basin through improved efficiencies and lower cost structure.

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Tesla price targets drop for varying reasons, but some feel like a reach

Teslarati

Tesla ( NASDAQ: TSLA ) price targets were dropped by several firms due to varying reasons, but some feel like a reach. Some of them that were spoken of were Tesla’s lack of annual guidance, no narrative on price cuts, and a general lack of strategy. It is no secret Tesla stock has been beaten and battered so far this year.

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Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

It will additionally borrow towards its structures and alternative property to boost price range. “They need a lot of money to be able to get into production of this kind of new technology.” The post Nikola turns to Delaware legislation to backup finance hydrogen pivot appeared first on Bauaelectric Auto News.

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Valero to Permanently Close 210,000 bpd Delaware City Refinery

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Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. Valero Delaware City Refinery. Click to enlarge.

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Baker Institute experts: major parts of the US shale sector will ramp up with $60 oil prices

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If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Baker III and Susan G.

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Tesla stock sentiment ‘overdone’ as 2.1m delivery target takes focus: Wedbush

Teslarati

The consensus surrounding Tesla stock in the early portion of the year stands as questionable in terms of demand, production, and the advancement of its product line. Additionally, the projected start of 2024 has been slower than what most would have anticipated, which puts a lot of eyes on Q1 delivery and production numbers.

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ExxonMobil doubles Permian Basin resources to 6B barrels via acquisitions

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billion barrels of oil equivalent in New Mexico’s Delaware Basin, a highly prolific, oil-prone section of the Permian Basin. growth area for onshore oil production. This investment gives us an exceptional Delaware Basin position in a proven multi-stacked play that can generate attractive returns in a low-price environment.