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Tag Archives: Permian Basin

ConocoPhillips to Concho for $9.7 Billion – Largest Deal Since COVID-19 Hit


PortandTerminal.com, October 19, 2020 Together, ConocoPhillips and Concho Resources will produce 1.5 million barrels a day and become a major player in the Permian Basin area NEW YORK – ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. The combined company would easily be …

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“We forecast that Corpus Christi will emerge as the top crude exporting hub in the US” (Wood Mackenzie)

PortandTerminal.com, June 11, 2019 Port Corpus Christi has started a massive dredging project to make its channels deeper and wider. The result? Bigger tankers will call the port, and U.S. oil exports now have room to grow Corpus Christi, TX – Port Corpus Christi has been moving from strength to strength over the past several years. The port went from …

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Rystad: America beating Saudi Arabia in Petroleum Exports

PortandTerminal.com, March 9, 2019 In a press release on Thursday this week, Rysad Energy, an independent energy research firm, announced that the United States will soon export more oil and liquids than Saudi Arabia. This remarkable turnaround is made possible by the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf …

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