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Matador Resources Acquires $1.1 Billion Delaware Basin Acreage in Federal Lease Sale
Matador Resources Company (MTDR) said on Thursday it acquired 5,154 net undeveloped acres in the Delaware Basin for about $1.14 billion in a recent Bureau of Land Management oil and gas lease sale.CEO Joseph Foran said the acreage is located in the "'core-of-the-core' of the Delaware Basin" and would extend Matador's inventory while improving operating efficiencies and midstream value.
$MTDR
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Constellation Oil Services Gets Nod to List on Euronext Oslo Børs
Euronext Oslo Børs approved the admission of Constellation Oil Services Holding's (COSH.OL) shares to trade on its platform, according to a Thursday release.The offshore drilling company is currently listed on Euronext Growth Oslo.
$COSH.OL
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Market Chatter: OPEC+ Members Said to Plan July Oil Output Hike Amid Supply Disruption
Seven members of the Organization of the Petroleum Exporting Countries and other oil-producing countries, or OPEC+, will reportedly agree to an increase in July oil output despite supply disruption caused by the Iran war.Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia and Oman are expected to agree on raising the monthly output by 188,000 barrels of oil per day at a meeting scheduled for June 7, Reuters reported Thursday, citing unnamed sources. Meanwhile, no policy changes are expected from the two other OPEC+ meetings also set for June 7.The report noted that OPEC+ has raised its monthly output target since April, with the growth slightly reduced in May, following the United Arab Emirates' exit.OPEC did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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