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.
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