Page 1 - NorthAmOil Week 23 2022
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Issue 707 09•June•2022 Week 23
aking a toll
T
Releases from the US Strategic Petroleum Reserve mean that the Gulf Coast
is dealing with a glut of heavy crude and reduced appetite for Canadian oil.
Bakken buyer
Devon Energy has announced this week that it has agreed to acquire
RimRock Oil and Gas’ Williston Basin assets in North Dakota for $865mn.
Raising capex
Callon Petroleum has joined a number of exploration and production
companies in raising its capital expenditure budget.
Another offtaker
Energy Transfer has signed an LNG sales and purchase agreement with
China Gas Holdings, representing its fifth offtake deal for Lake Charles LNG.
