LNG

Permian Basin activity hit an all-time high in March 2022, with more than 900 permits awarded for horizontal drilling for new wells, driven by increasing oil prices and production demand in the basin with abundant associated natural gas.

ConocoPhillips, one of the pioneers of LNG in Alaska, has agreed to acquire onshore oil and gas company Concho Resources in an all-stock deal for $9.7 billion plus debts to create a complementary acreage positions in key Northern American basins.