CNX: Wells show deep, dry Utica potential

Cost reduction and well performance enhanced by pressure management have demonstrated the commercial viability of dry-gas development in the deep Utica shale of central Pennsylvania, says CNX Resources Corp.  Source: News


Verchere appointed to top jobs at OMV Petrom

Christina Verchere has joined OMV AG as president of the executive board and chief executive officer of the company’s Southeast European oil and gas subsidiary, OMV Petrom SA, Bucharest. Source: News


MARKET WATCH: Oil prices rise pending US decision on Iran

Light, sweet crude prices rose modestly Jan. 8 but settled for a second consecutive day below $62/bbl on the New York market while market participants await a decision on possible US sanctions against Iran. Source: News


Lucid Energy to sell Delaware basin unit for $1.6 billion

Lucid Energy Group agreed to sell Lucid Energy Group II to a joint venture controlled by Riverstone Global Energy & Power Fund VI, an investment fund managed by Riverstone Holdings, and investment funds managed by the Merchant Banking Division of Goldman Sachs Group for $1.6 billion in cash.  Source: News