Page 1 - NorthAmOil Week 04 2022
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Issue 688 27•January•2022 Week 04
Buying and selling
Chesapeake Energy is acquiring Chief E&D Holdings while also selling its
Powder River Basin assets to Continental Resources.
Clean-up costs
Canada’s Parliamentary Budget Officer has estimated that the cost to clean
up the country’s orphaned oil and gas wells could reach $865mn by 2025.
Quarterly profits
Leading US-based oilfield services firms Schlumberger, Halliburton and
Baker Hughes have all unveiled their results for the fourth quarter of 2021.
SPR release
The US Department of Energy has approved another release of crude from
the country’s Strategic Petroleum Reserve, totalling 13.4mn barrels.
