Exploration & Production | Deals - Joint Ventures
Citadel Concludes Joint Venture Projects with Sojitz Energy
Print
|
Citadel Exploration, Inc. has concluded its joint venture with Sojitz Energy Ventures.
Sojitz has conveyed its 40% interest in Project Indian and 55% interest in the Yowlumne project to Citadel. Citadel will now have 100% of the working interest in Project Indian and 80% of the working interest in its Yowlumne project.
Citadel is the operator of both projects.
West Coast News
CRC to Acquire Berry in All-Stock Combination, Building a Larger California-Focused Energy Leader
California Resources Corporation (CRC) and Berry Corporation announced a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million (inclusive of Berry net debt).…
Berry Reaffirms FY25 Guidance; Uinta Wells Drive 2H Growth
Berry Corporation delivered a steady second quarter update that reinforced the company’s core message for 2025: production is on plan, guidance is intact, and the hedge book is…
Kosmos Energy Ltd. First Quarter 2023 Results
Kosmos Energy Ltd. announced first quarter 2023 results. Highlights Net Production(2): ~58,800 barrels of oil equivalent per day (boepd), with sales of ~61,100 boepd Revenues: $394 million, or…
California Resources Corporation First Quarter 2023 Results
California Resources Corporation announced first quarter 2023 results. Highlights Named Manuela (Nelly) Molina as the new Executive Vice President and Chief Financial Officer, effective May 8, 2023 (see…
Berry Corporation First Quarter 2023 Results
Berry Corporation announced first quarter 2023 results. Highlights Reported Adjusted EBITDA(1) of $59 million Declared first quarter fixed dividends of $0.12 per share, double the quarterly rate from…