Page 1 - NorthAmOil Week 41 2022
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Issue 725 13•October•2022 Week 41
Widening discount
Western Canadian Select crude prices have fallen to their widest discount to
US benchmark prices since 2018 owing to supply and demand imbalances.
Permian purchase
Diamondback Energy has agreed to purchase Permian Basin producer
FireBird Energy for $1.6bn in cash and stock.
Settling hedges
US shale producer EOG Resources has disclosed that it paid $847mn during
the third quarter of this year to settle hedges on energy prices.
CCS project
ExxonMobil, CF Industries and EnLink Midstream are collaborating on the
largest-of-its-kind agreement to capture and store carbon dioxide emissions.
