U.S. Onshore ///

Emerald Bay Energy reports initial oil production from South Texas' Kuhn 3

Emerald Bay Energy Inc. has reported on the initial oil production from the Kuhn 3 well. During the first 24 hr, Kuhn 3 produced approximately 120 bbl of oil.

RRC commissioners assess nearly $1 million in penalties

The Railroad Commission of Texas assessed $939,780 in fines involving 288 enforcement dockets against operators and businesses at the Commissioners' conference this week.

Emerald Bay Energy Kuhn 3 well resumes production in South Texas

Emerald Bay Energy Inc. has announced that operations to enhance oil recovery from the Kuhn 3 well are complete, and the well is now back on production.

Lonestar announces positive production results at Horned Frog

Lonestar Resources US Inc. announced additional well results in its Horned Frog area located in La Salle County, Texas.

Emerald Bay Energy provides update on operations at Texas' Isabella #2 well

Emerald Bay Energy Inc. has reported on operations at the Isabella #2 well in Gonzales County, Texas. Hydraulic fracturing of the Navarro formation has been completed, and the well has been swabbed for a total of 28 days to recover the frac fluids and measure in-flow rates.

Phillips 66 seeks Texas export terminal as U.S. oil production grows

Phillips 66 want to build an offshore export terminal in the GOM to capitalize on booming U.S. crude production.

Chisholm, Gastar combine to create the leading STACK E&P company

Chisholm Oil and Gas, LLC, of Tulsa, Okla., and Gastar Exploration LLC of Houston, Texas. have announced that they have entered into definitive agreements to effect a merger between the two companies.

Foothills Exploration provides update on 7,000-acre acquisition in Montana

Foothills Exploration, Inc., an independent oil and gas exploration company engaged in acquiring and developing oil and natural gas properties in the Rockies today provided an update on its proposed acquisition of 7,000 acres and 87 oil and gas wells in Montana.

Texas Railroad Commission unanimously elects chairman

At an open meeting of the Railroad Commission of Texas, Commissioner Wayne Christian was unanimously elected chairman.

SM Energy raises production guidance, provides new well results

SM Energy Company has announced that second-quarter 2019 production is exceeding expectations and the Company is raising guidance for second quarter and full year production volumes by 0.4 MMboe, at the mid-point, due to better than expected well performance and completion timing.

Parsley Energy says it is "attractive" for any buyer

Parsley Energy Inc. said it would be “attractive” for any potential buyer as the U.S. shale driller expects to generate positive free cash flow in the back half of this year.

Houston American Energy begins producing from Frost 1-H well in Yoakum County

Houston American Energy Corp. today announced an update on operations on the Frost #1H well located in the Northwest Shelf of the Midland basin, in Yoakum County, Texas.

Texas South Energy provides update on Wilinda project

Texas South Energy, Inc., has announced that it has temporarily discontinued flowback operations on the TXSO Richter 1H well in Wilson County.

Callon Petroleum closes on $245-million Midland basin divestiture

Callon Petroleum Company has announced that it closed on the previously announced divestiture of non-core assets in the southern Midland Basin to Sequitur Permian, LLC for net cash proceeds of $245 million.

TPG Sixth Street, Glendale Energy partner to fund acquisitions of non-operated oil and gas properties

TPG Sixth Street and Glendale Energy announced a new oil and gas investment partnership with an initial $500 million in capital commitments.

U.S. oil/gas output surge sets country increase record

U.S. natural gas and crude oil production increased last year at the fastest pace ever for a single country.

Jerry Jones likens natural gas deal to Dallas Cowboys buy

Dallas Cowboys owner Jerry Jones is expanding his natural gas empire at what looks like the worst possible time. Intentionally.

Comstock Resources to become Haynesville leader with $2.2-billion acquisition

Comstock Resources, Inc., and Covey Park Energy LLC have jointly announced that Comstock has entered into an agreement under which Comstock will acquire Covey Park in a cash and stock transaction valued at approximately $2.2 billion.

Oil drillers scale back U.S. activity as crude falls into bear market

U.S. crude explorers reduced drilling to a 15-month low as oil dipped into bear-market territory.

Texas producers experiment, pumping gas down wells amid glut

Texas drillers may have found a solution to the stubborn natural gas glut that’s forced them to either burn it off into the air, or pay others to take it away.