http://www.worldoil.com WorldOil Devon Energy sets net zero 2050 emissions targets, ESG performance goals https://www.worldoil.com/news/2021/6/21/devon-energy-sets-net-zero-2050-emissions-targets-esg-performance-goals Devon Energy announced it is establishing new environmental performance targets focused on reducing the carbon intensity of its operations, minimizing freshwater use, and engaging constructively with its value chain. Shale operators’ strict financial discipline is finally paying off https://www.worldoil.com/news/2021/6/17/shale-operators-strict-financial-discipline-is-finally-paying-off After years of booms and busts that produced astronomical losses along with a whole lot of oil, the shale industry seems to have found a sweet spot, poised to hit a record of more than $30 billion of free cash generated in 2021. Biden’s oil lease ban lifted by federal judge https://www.worldoil.com/news/2021/6/16/biden-s-oil-lease-ban-lifted-by-federal-judge In a victory for 13 states that filed a legal challenge in Louisiana, U.S. District Judge Terry Doughty granted a preliminary injunction blocking President Joe Biden’s Jan. 27 executive order banning new oil and gas leases on public lands while litigation continues. Boycott Texas oil, and Texas will boycott you, says Gov. Abbott with new law https://www.worldoil.com/news/2021/6/15/boycott-texas-oil-and-texas-will-boycott-you-says-gov-abbott-with-new-law Governor Greg Abbott signed a bill into law on Monday banning state investments in businesses that cut ties with the oil and gas industry. The underlying message, according to one of the most powerful energy regulators in the state, is simple: Boycott Texas, and we’ll boycott you. Shell said to consider sale of largest oil field in the U.S., valued at up to $10 billion https://www.worldoil.com/news/2021/6/14/shell-said-to-consider-sale-of-largest-oil-field-in-the-us-valued-at-up-to-10-billion The potential sale could include all of Shell’s 260,000 acres in the Permian Basin, Reuters reported citing unidentified people familiar with the matter. Shell declined to comment on Reuters’ report. Keystone XL protestors want Biden to revoke more pipeline permits https://www.worldoil.com/news/2021/6/11/keystone-xl-protestors-want-biden-to-revoke-more-pipeline-permits Environmentalists emboldened by this week’s defeat of Keystone XL are pressuring President Joe Biden to revoke permits for other oil and gas pipelines, warning their votes depend on the administration blocking fossil fuel infrastructure. Three Chesapeake Energy executives depart in post-bankruptcy shakeup https://www.worldoil.com/news/2021/6/11/three-chesapeake-energy-executives-depart-in-post-bankruptcy-shakeup Chesapeake Energy said three executives are leaving, marking the latest shakeup of the senior ranks at the Oklahoma oil and gas producer since it emerged from bankruptcy four months ago. Evidence-based initiative improves guided sucker rod longevity https://www.worldoil.com/magazine/2021/june-2021/special-focus/evidence-based-initiative-improves-guided-sucker-rod-longevity A systematic approach reduces failures and associated costs, while extending beam pumping run times. Oxy sells non-core Permian acreage for $508 million, reaffirms 2021 production guidance https://www.worldoil.com/news/2021/6/10/oxy-sells-non-core-permian-acreage-for-508-million-reaffirms-2021-production-guidance The transaction, which is expected to close in the third quarter of 2021, includes approximately 25,000 net acres in the Southern Delaware Basin in Texas with current production of approximately 10,000 barrels of oil equivalent per day from about 360 active wells. Biden’s climate czar to meet with API leaders on oil and gas emission cuts https://www.worldoil.com/news/2021/6/9/biden-s-climate-czar-to-meet-with-api-leaders-on-oil-and-gas-emission-cuts The session will be at least the second meeting this year between top API executives and White House National Climate Adviser Gina McCarthy, who is coordinating the Biden administration’s efforts to clamp down on greenhouse gas emissions from the use of fossil fuels.