North America
News
May 02, 2024
SilverBow Resources Inc. has successfully executed a horseshoe lateral in the Austin Chalk formation of South Texas, transforming a one-mile well into an 8,900-foot U-shaped hole.
News
May 02, 2024
Commissioner Christian denounced President Biden's actions as election year politics, asserting that the pause on LNG exports would neither reduce emissions nor benefit allies, instead making energy more expensive and less accessible.
News
May 02, 2024
NOG's production surge was largely driven by exceptional performance in the Permian basin, which saw a sequential quarterly increase of 6% and represented record volumes for the company in the basin.
News
May 02, 2024
Halliburton Company has recently unveiled GeoESP lifting pumps, a cutting-edge submersible borehole and surface pump technology tailored for geothermal energy applications.
News
May 02, 2024
(WO) — The agreement provides a contractual framework for earlier and closer engagement throughout the project cycle to unlock more value from complex projects, and work commences immediately with maturation of the subsea scope for the Wisting and Bay Du Nord projects off Newfoundland and Labrador, Canada.
News
May 01, 2024
The U.S. Federal Trade Commission is poised to greenlight Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. after the companies agreed to minor concessions, according to people familiar with the matter.
News
May 01, 2024
The sole criterion for selecting a winning bid will be the total amount of money the bidder commits to spend on exploration of the parcel during Period I (the first six years of a nine-year license). The minimum bid for the parcels offered is $10,000,000 in work commitments.
News
April 30, 2024
The Permian basin has dominated recent dealmaking, but other shale plays look set to attract significant investments soon, with about $41 billion of non-Permian opportunities on the market, including the potential sale of Bakken-focused Grayson Mill Energy, Uinta-focused XcL Resources, ExxonMobil's Bakken portfolio, EQT's remaining non-operated Marcellus portfolio and certain Haynesville assets from Shell and BP.
News
April 30, 2024
Diamondback Energy announced its $26 billion purchase of Endeavor Energy in February 2024. The announcement followed a wave of M&A activity in the Permian basin, like ExxonMobil’s historic purchase of Pioneer Natural Resources Co. and Chevron’s acquisition of Hess Corporation.
News
April 29, 2024
The agreement includes the deployment of two FORCE electric hydraulic fracturing fleets, wireline, and pumpdown services on ExxonMobil’s Permian operations in the first half of 2024, with an option for a third FORCE fleet with wireline and pumpdown services to commence operations in early 2025.
News
April 29, 2024
Exxon is set to become the Permian’s biggest producer once it closes its $64 billion acquisition of Pioneer Natural Resources Co. while Chevron is spending $52 billion on Hess Corp. to gain a 30% share of Guyana’s prolific Stabroek Block.
News
April 26, 2024
ExxonMobil says the transaction would help lower costs, boost U.S. oil and gas production and accelerate Pioneer’s net- zero goals.
News
April 25, 2024
EQT now sees its sales volume for the year at 2,100 to 2,200 Bcfe, down from 2,200 to 2,300, the company said in a Tuesday earnings statement. That’s based on production curtailments of 1 Bcfd through May, with the potential to lower output even further, depending on the market.
News
April 25, 2024
Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production in Guyana and the Bakken.
News
April 24, 2024
While production is at record levels, productivity per well in the Permian basin has declined 15% since 2020, due to factors like interference with underground pressure from extensive drilling. However, innovations like longer lateral wells and simultaneous fracking (simul-frac) are improving efficiency and lowering costs.
News
April 24, 2024
Matador’s 2% production over-performance to start the year was done while spending less money on drilling than projected, the company said. During the first quarter of 2024, Matador’s average oil production of 84,777 barrels per day beat its guidance of 83,500 barrels, the company said.
News
April 23, 2024
Outmaneuvering larger rivals to secure Endeavor puts Diamondback in the front row among Permian-centric E&Ps, giving it a scale comparable to Pioneer Natural Resources prior to its sale to ExxonMobil. APA also expanded in the Permian, but via the public merger route with its purchase of smaller Callon Petroleum for $4.5 billion.
News
April 23, 2024
After better-than-expected production in 2023, the U.S. shale patch is now in the midst of slowing down amid dwindling inventory for top-tier drilling locations, weaker natural gas prices and industry consolidation.
News
April 22, 2024
The fire is one of two out-of-control blazes in Alberta, home to the Canadian oil sands, the world’s third-largest crude oil reserves.
News
April 19, 2024
The Energy Workforce & Technology Council released a statement strongly condemning the administration’s move to block oil and gas drilling across over 13 million acres of the National Petroleum Reserve, a vital component of the U.S.’ energy security.
News
April 19, 2024
Who Dat East is estimated to contain 17 MMboe of gross unrisked 2C Contingent Resources and 35 MMboe of gross unrisked 2U Prospective Resources. The Who Dat South prospect is estimated to contain 31 MMboe of gross unrisked 2U Prospective Resources.
