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Unconventional Resources Companies News and Press Releases

Carbon Capture & Storage Gains Wide Industry Support in Houston
- Eleven companies support large-scale deployment of carbon capture and storage to help decarbonize industrial facilities; discussions ongoing with others
- Collective efforts could capture and ...
9/16/2021 - Environmental Services - United States
Pioneer Natural Resources Releases 2021 Sustainability Report
Pioneer Natural Resources Company (PXD) (“Pioneer”) announced the publication of its 2021 Sustainability Report, highlighting the Company’s focus and significant progress on environmental, social and...
9/15/2021 - Environmental Services - United States
Chevron Accelerates Lower Carbon Ambitions
- Triples planned total capital investment to $10 billion through 2028
- Sets growth targets for renewable fuels, hydrogen, and carbon capture through 2030
- Reaffirms guidance of $25 billi...
9/14/2021 - Environmental Services - United States
Chevron & Enterprise Explore Carbon Storage Business Opportunities
Chevron?U.S.A. Inc., through its Chevron New Energies division, and a subsidiary of Enterprise Products Partners L.P. (EPD) announced a framework to study and evaluate opportunities for carbon dioxide...
9/13/2021 - Environmental Services - United States
Chevron, Mercuria Announce CNG Fueling Network Joint Venture
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, announced the signing of definitive agreements to form a joint venture with Mercuria Energy Trading (Mercuria), one of the world’s largest int...
9/10/2021 - LNG Carriers - United States
Chevron, Gevo Announce Intent to Pursue Sustainable Aviation Fuel Investment
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation and Gevo, Inc. announced a letter of intent to jointly invest in building and operating one or more new facilities that would process inedible...
9/9/2021 - Investment - United States
ExxonMobil Announces Discovery at Pinktail, Offshore Guyana
- Discovery will add to previous recoverable resource estimate of approximately 9 billion oil equivalent barrels
- Extensive well program testing play extensions and new concepts
- Liza Unit...
9/9/2021 - Exploration - Guyana
Chevron Agrees on Framework to Join Hydrogen JV with Magnum & Mitsubishi Power
Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has agreed on a framework to acquire an equity interest in ACES Delta, LLC (ACES Delta), which is a joint venture between M...
9/9/2021 - Mergers and Acquisitions - United States
Cenovus Announces Cash Tender Offers for Certain Outstanding Notes
Cenovus Energy Inc. has commenced tender offers (each individually, with respect to a series of notes, a “Tender Offer”, and collectively, the “Tender Offers”) to purchase for cash (1) any and all of ...
9/9/2021 - Financials and Investment - Canada
Chevron & Mercuria Announce CNG Fueling Network Joint Venture
?Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (CVX), announced today the signing of definitive agreements to form a joint venture with Mercuria Energy Trading (Mercuria), one of the world’...
9/9/2021 - Mergers and Acquisitions - United States
Williams Announces $1.5 Billion Share Repurchase Program
Williams’ board of directors has authorized a share repurchase program (the “Share Repurchase Program”) for the repurchase of up to $1.5 billion of the company’s outstanding common stock. The Share Re...
9/8/2021 - Financials and Investment - United States
Chevron, Caterpillar Announce Collaboration Agreement on Hydrogen
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation and Caterpillar Inc. announced a collaboration agreement to develop hydrogen demonstration projects in transportation and stationary power appl...
9/8/2021 - Industrial gas, Hydrogen - United States
Cenovus Announces Atlantic Assets Restructuring Plan
Cenovus Energy Inc. has entered into agreements with its partners in the Atlantic region to restructure its working interests in the Terra Nova and White Rose projects, providing improved economics fo...
9/8/2021 - Acquisitions and Divestitures - Canada
Cabot Commences Private Exchange Offers & Cimarex Commences Consent Solicitations
Cabot Oil & Gas Corporation ("Cabot") and Cimarex Energy Co. announced that, in connection with the anticipated merger of Cimarex and a wholly owned subsidiary of Cabot, Cabot has commenced offers to ...
9/8/2021 - Financials and Investment - United States
Marathon Announces Full Redemption of $900 3.85% Senior Notes Due 2025
Marathon Oil Corporation announced that the Company fully redeemed its $900 million aggregate principal amount of 3.85% Senior Notes Due 2025, accelerating the realization of Marathon Oil's previously...
9/7/2021 - Financials and Investment - United States
ExxonMobil to Certify Natural Gas, Help Customers Meet Environmental Goals
• New Mexico facility in Permian Basin to be company’s first for natural gas certification
• Certification to use rigorous, independent criteria established by third-party validator, MiQ
• ...
9/7/2021 - Emissions Measuring - Mexico
Chevron, Delta Air Lines & Google to Measure Sustainable Aviation Fuel Emissions
• Chevron will produce SAF test batch and sell SAF to Delta at LAX hub
• Chevron and Delta will share results from SAF pilot with Google Cloud to better understand emissions reporting

...
9/7/2021 - Emissions Measuring - United States
Matador Announces Upgrades to Corporate Credit Rating and Senior Unsecured Notes
Matador Resources Company announced recent upgrades by Moody’s Investors Service (“Moody’s”) to the Company’s corporate credit rating and senior unsecured notes. ...
9/7/2021 - Financials and Investment - United States
Chevron Commits $3 Million to Support Hurricane Ida Relief
Chevron Corporation (CVX) announced it is making a commitment of $3 million to support relief and recovery efforts underway in the communities affected by Hurricane Ida.

“As a major employ...
9/2/2021 - Safety Services - United States
Chevron & Bunge Announce Proposed JV to Create Renewable Fuel Feedstocks
?Chevron?U.S.A. Inc., a subsidiary of Chevron Corporation (CVX), and Bunge North America, Inc., a subsidiary of Bunge Limited (BG), announced a memorandum of understanding (MOU) of a proposed 50/50 jo...
9/2/2021 - Petrochemicals - United States
ExxonMobil Introduces EMRD a Renewable Diesel Process Technology
ExxonMobil Catalysts and Licensing LLC (“ExxonMobil”) has introduced ExxonMobil Renewable Diesel process technology (“EMRD”) to help meet the evolving needs for mobility, while utilizing renewable fee...
9/1/2021 - Process Technology Licensing - United States
ConocoPhillips Supports Hurricane Ida Relief Efforts
ConocoPhillips announced disaster relief donations of $500,000 to be allocated between the American Red Cross and local United Way organizations to support relief efforts in Louisiana from Hurricane I...
9/1/2021 - Oil Spill & Emergency Response - United States
Hess Announces Regular Quarterly Dividend on Common Stock
The Board of Directors of Hess Corporation declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2021 to holders of record at the ...
9/1/2021 - Financials and Investment - United States
AEP Names Murphy Vice President of Applications and Business Solutions
American Electric Power has named Anne Murphy vice president of Applications and Business Solutions, effective Aug. 30.

She will be responsible for technology solutions for numerous AEP bus...
8/27/2021 - Executive Recruiting - United States
Pioneer Natural Resources Declares Base Dividend on Common Shares
Pioneer Natural Resources Company announced that its Board of Directors declared a quarterly cash base dividend of $0.56 per share on Pioneer’s outstanding common stock. The dividend is payable Octobe...
8/26/2021 - Financials and Investment - United States
ExxonMobil to Produce Renewable Diesel to Reduce Transportation Emissions
ExxonMobil announced its majority-owned affiliate, Imperial Oil Ltd., is moving forward with plans to produce renewable diesel at a new complex at its Strathcona refinery in Edmonton, Canada. When co...
8/25/2021 - Diesel Fuel - Canada
Williams Chief Financial Officer to Retire
Williams announced that John Chandler, senior vice president and chief financial officer, has indicated his intent to retire, effective March 31, 2022. Chandler assumed his current role in September 2...
8/23/2021 - Executive Recruiting - United States
Kinder Morgan Closes Kinetrex Energy Acquisition
Kinder Morgan, Inc. (KMI) closed on its previously announced acquisition of Kinetrex Energy. The $310 million acquisition includes two small-scale, domestic LNG production and fueling facilities, a 50...
8/20/2021 - Acquisitions and Divestitures - United States
Penn Virginia Announces Increased Borrowing Base
Penn Virginia Corporation announced an increase to the Company’s borrowing base under its revolving credit facility pursuant to its regularly scheduled fall redetermination.

Upon closing o...
8/19/2021 - Financials and Investment - United States
Murphy USA Inc. Announces Dividend
The Board of Directors of Murphy USA Inc. declared a quarterly cash dividend on the Common Stock of Murphy USA Inc. of $0.25 per share, or $1.00 per share on an annualized basis. The dividend is payab...
8/19/2021 - Financials and Investment - United States
Chesapeake Energy Consolidates Haynesville with at-market Acquisition of Vine Energy
Chesapeake Energy Corporation ("Chesapeake") and Vine Energy Inc. (NYSE:VEI) ("Vine") have entered into a definitive agreement pursuant to which Chesapeake will acquire Vine, an energy company focused...
8/11/2021 - Mergers and Acquisitions - United States
Chesapeake Energy Corporation Reports 2021 Second Quarter Results
Chesapeake Energy Corporation reported 2021 second quarter results. Highlights include:
• Net cash provided by operating activities of $394 million, resulting in unrestricted cash balance of $612...
8/10/2021 - Economics/Financial Analysis - United States
Murphy Oil Announces Second Quarter 2021 Results
Murphy Oil Corporation announced its financial and operating results for the second quarter ended June 30, 2021, including a net loss attributable to Murphy of $63 million, or $0.41 net loss per dilut...
8/5/2021 - Economics/Financial Analysis - United States
Marathon Petroleum Reports Second-Quarter 2021 Results
- Reported second-quarter income of $8.5 billion, or $13.00 per diluted share, which includes net pre-tax benefits of $11.6 billion; reported adjusted income of $437 million, or $0.67 per diluted shar...
8/4/2021 - Economics/Financial Analysis - United States
Murphy Oil Corporation Announces Dividend
The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.125 per share, or $0.50 per share on an annualized basis. The di...
8/4/2021 - Financials and Investment - United States
Williams Announces Agreement on Deepwater Whale Project
Williams has reached an agreement with Shell Offshore Inc. and Chevron U.S.A. Inc. to provide offshore natural gas gathering and crude oil transportation services as well as onshore natural gas proces...
8/4/2021 - Natural Gas Storage - United States
ConocoPhillips Delivers Q2 2021 Financial and Operational Results
ConocoPhillips reported second-quarter 2021 earnings of $2.1 billion, or $1.55 per share, compared with second-quarter 2020 earnings of $0.3 billion, or $0.24 per share. Excluding special items, secon...
8/3/2021 - Financials and Investment - United States
Penn Virginia Reports Second Quarter 2021 Results
--- Exceeds High End of Oil Sales Volume Guidance on Reduced Per Well Capital Expenditures
--- Recently Announced All-Stock Acquisition of Lonestar Resources Expected to be Accretive Across Key ...
8/3/2021 - Economics/Financial Analysis - United States
Comstock Resources Reports 2nd Quarter 2021 Financial & Operating Results
Comstock Resources, Inc. reported financial and operating results for the quarter ended June 30, 2021. ...
8/3/2021 - Economics/Financial Analysis - United States
Eimear Bonner Appointed Chevron Vice President
Chevron Corporation (CVX) announced the appointment of Eimear Bonner as vice president, reporting to Chairman and CEO Michael Wirth, effective August 2. Bonner will also continue as president, Chevron...
8/2/2021 - Executive Recruiting - United States
Joe Geagea, Chevron Executive Vice President, to Retire
Chevron Corporation (CVX) announced that Joseph C. (Joe) Geagea, executive vice president, Technology, Projects and Services, will retire from the company after 40 years of outstanding service. Geagea...
8/2/2021 - Executive Recruiting - United States
Pioneer Natural Reports 2ns Quarter 2021 Financial & Operating Results
Pioneer Natural Resources Company reported financial and operating results for the quarter ended June 30, 2021. Pioneer reported second quarter net income attributable to common stockholders of $380 m...
8/2/2021 - Economics/Financial Analysis - United States
Pioneer Announces Inaugural Variable Dividend on Common Shares
Pioneer Natural Resources Company announced that its Board of Directors declared a quarterly cash variable dividend of $1.51 per share on Pioneer’s outstanding common stock, representing approximately...
8/2/2021 - Financials and Investment - United States
ExxonMobil Earns $4.7 Billion in Second Quarter 2021
- Earnings increased $5.8 billion over the second quarter of 2020, driven by oil and natural gas demand and best-ever quarterly chemical and lubricants contributions ...
7/30/2021 - Financials and Investment - United States
Chevron Announces Second Quarter 2021 Results
- Earnings of $3.1 billion; adjusted earnings of $3.3 billion
- Cash flow from operations of $7.0 billion; free cash flow of $5.2 billion
- Resuming share repurchases, targeted at $2-3 bill...
7/30/2021 - Financials and Investment - United States
Cabot Oil & Gas Corporation Reports Second Quarter 2021 Results
Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot") reported financial and operating results for the second quarter of 2021. ...
7/30/2021 - Financials and Investment - United States
Chevron Announces Leadership Changes
Chevron Corporation (CVX) named Jeff Gustavson president, Chevron New Energies, effective August 2, 2021. Gustavson will serve as a corporate officer and report to Chevron Chairman and CEO Michael Wir...
7/29/2021 - Executive Recruiting - United States
Cenovus Generates $1.8B in Adjusted Funds Flow in Q2 2021
Cenovus Energy Inc. (CVE) continues to demonstrate the strengths of the company’s integrated portfolio in its second quarter results, generating cash from operating activities of $1.4 billion, adjust...
7/29/2021 - Financials and Investment - Canada
Hess Reports Estimated Results for 2nd Quarter of 2021
Key Developments:
• Increased quarterly cash distribution to $0.5042 per Class A share for the second quarter of 2021, an approximate 11% increase compared with the first quarter of 2021, result...
7/28/2021 - Economics/Financial Analysis - United States
Hess Midstream Increases Distribution Per Share Level by 10%
• Increased quarterly distribution to $0.5042 per Class A share for the quarter ended June 30, 2021, an approximate 11% increase compared to the quarterly distribution per Class A share for the first ...
7/28/2021 - Financials and Investment - United States

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