News
April 15, 2024
Overall, U.S. shale-oil production is expected to be steady at about 9.86 MMbpd in May, below the record 10 MMbpd seen in December, according to the report. Production from the Permian basin hasn’t completely returned to the December high and is expected to be roughly 6.17 MMbpd next month.
News
April 15, 2024
A total of 50 so-called “zombie” fires still smoldering beneath layers of snow are located near oil and gas wells and other production facilities. Those sites yield natural gas equivalent to about 80,000 bpd of oil in Canada’s energy heartland of Alberta alone, in addition to almost 14,000 bpd of crude.
News
April 15, 2024
Equinor will sell 100% interest in and operatorship of its onshore asset in the Appalachian basin, located in southeastern Ohio, in exchange for 40% of EQT’s non-operated working interest in the Northern Marcellus shale formation in Pennsylvania.
News
April 14, 2024
The project involves the subsea tie back of one production well at Sunspear to the Prince platform, 12 km to the north. Subsea7 will install the flowline and related subsea equipment at 500 m water depths.
News
April 12, 2024
The changes wouldn’t affect ConocoPhillips’s 600 MMbbl Willow oil project in the National Petroleum Reserve-Alaska. But oil industry leaders say the plan is more expansive than initially anticipated and threatens to make it nearly impossible to build more important projects in the region.
News
April 11, 2024
Diamondback in February agreed to buy fellow Texas oil-and-gas producer Endeavor in a $26 billion cash-and-stock deal to create the largest operator focused on the prolific Permian basin.
News
April 10, 2024
In the SEC filing, SilverBow asserts that a combination between SilverBow and Kimmeridge Texas Gas is not in the best interest of all of its shareholders.
News
April 10, 2024
Occidental expects first-quarter production from the Gulf of Mexico to be 90,000 boed, about 20% below the mid-point of its guidance.
News
April 09, 2024
Oil production hit a record 1.92 Bbbl in 2023, which was 51 MMbbl more than the previous record. Operators produced 12.01 Tcfg in 2023, beating the previous record by more than 13%.
News
April 09, 2024
NSAI's best estimates of Kodiak's contingent recoverable resources sum to 1.2 Bbbl of marketable liquids (oil, condensate and natural gas liquids) and 5.4 Tcfg. The new resource represents a 25% increase (963 MMbbl to 1.2 Bbbl) in recoverable marketable liquids compared to NSAI's previous 2023 report.
News
April 08, 2024
The acquisition includes approximately 253 gross and 2 net producing wells operated by top operators Aethon, Southwestern, and Chesapeake.
News
April 08, 2024
In the five years since its founding, the PSP has nearly doubled in size and exponentially expanded its impact in Southeast New Mexico and West Texas.
News
April 08, 2024
the Dorado shale field in the Eagle Ford will allow TotalEnergies to increase its net U.S. natural gas production by 50 MMcfd in 2024, with the potential for an additional 50 MMcfd by 2028.
News
April 07, 2024
Akal-B, which is part of the Cantarell production complex, produces 200,000 bopd 900,000 cfgd. The fire began where gas fuel pipes feed the platform’s turbo machinery.
News
April 05, 2024
Chesapeake Energy Corp.’s $7.4 billion takeover of Southwestern Energy Co. has been delayed until the second half of the year after antitrust regulators demanded more details from the natural gas operators.
News
April 03, 2024
Who Dat East is estimated to contain 17 MMboe of gross unrisked 2C Contingent Resources. The Who Dat South prospect is estimated to contain 31 MMboe of gross unrisked 2U Prospective Resources, with the geological probability of success estimated to be 52%.
News
April 02, 2024
Transocean Ltd.  announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in June 2024.
News
April 02, 2024
Total flow rates (inclusive of recovery of frac fluid) averaged roughly 600 bpd over the duration of the flow back. Multiple oil samples were recovered with measured oil gravities of between 39.9 to 41.4 API (representing a light crude oil).
News
April 02, 2024
The acquisition will help SLB expand its artificial lift technology, which helps keep output from older wells flowing. SLB has the biggest market share in artificial lift with 21%, and ChampionX will add to that with its 5% of the market, according to Evercore ISI, citing data from industry consultant Spears & Associates.
News
April 01, 2024
The acquisition will bring APA’s daily reported production to approximately 500,000 boe, approximately two-thirds coming from the Permian basin. The acquired assets include approximately 120,000 net acres in the Delaware basin and 25,000 net acres in the Midland Basin.
News
April 01, 2024
The divestment includes Beacon’s 18.7% interest in the Buckskin producing field, 17% interest in the Leon development, 16.15% interest in the Castile development, 0.5% interest in the Salamanca FPS/lateral infrastructure, and 32.83% interest in the Sicily discovery.
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