North America
Article
February 2024
Active natural gas wells saw a slight increase in the U.S. during 2023 of 0.9%, to 496,756 total wells, compared with 492,197 in 2022. Accordingly, total marketed gas production in the U.S. also saw an increase.
News
March 04, 2024
EQT will curtail about 30 to 40 Bcf of net natural gas production through March in response to low prices, it said in a statement Monday. That’s 5% to 7% of the company’s quarterly output, based on fourth-quarter results. Total U.S. natural gas production is about 100 Bcfd, down slightly from a record earlier this year.
News
March 01, 2024
“Prime Minister Brian Mulroney very early recognized the potential and the importance of the Newfoundland and Labrador offshore oil and gas industry. He had the foresight to see the impact and prosperity the offshore could bring to Newfoundland and Labrador, as well as the opportunity before our province to create long-term benefits and establish a world-class supply and service sector," said Energy NL CEO Charlene Johnson.
News
March 01, 2024
MEG Energy Corp. said Chief Operating Officer Darlene Gates will succeed Derek Evans as the company’s new chief executive officer, making her the only woman to helm a major oil sands producer.
News
February 29, 2024
Renewable developments won’t be allowed on the two highest-quality classes of agricultural land unless the developer can prove that crops and livestock can coexist with the projects, Alberta’s government said Wednesday.
News
February 28, 2024
Approximately 60% of total investments are planned to be allocated to the Permian basin, with the remainder to the DJ basin. Civitas expects to drill and complete 130 to 150 gross wells in the Permian basin and 90 to 110 gross wells in the DJ basin.
Article
February 2024
Look for U.S. spending to increase just 2.2% in 2024, and drilling should be flat. Many factors are at play to bring this result.
Article
February 2024
Despite a 4.6% reduction in U.S. drilling activity on an average yearly basis, U.S. crude production climbed to an all-time high of 12.93 MMbopd in 2023, an 8.8% increase compared to the 11.88 MMbopd average of 2022. The increased output was augmented by U.S. operators completing a large backlog of DUCs in three major oil shale plays.
News
February 26, 2024
Woodside's decision to use Dril-Quip's BigBore IIe Subsea Wellheads will leverage the system's field-proven sealing technology and 2 MM lb. lockdown capacity. The BBIIe system eliminates lockdown sleeves during drilling and production, which can save rig time and reduce costs.
News
February 25, 2024
The disciplined capital program allocates approximately $4.3 billion to drill and complete 600 net wells in EOG's domestic premium areas. Strong capital efficiency delivers 3% oil volume growth and 7% total volume growth, for ~$100 million lower year-over-year total direct investment in drilling and completion activity.
News
February 22, 2024
Shell Offshore Inc., a subsidiary of Shell plc, announced the start of production at Rydberg, a subsea tie-back to the Shell-operated Appomattox production hub in the Gulf of Mexico with an estimated peak production of 16,000 boed.
News
February 22, 2024
Buying Calgary-based Enerplus will increase Chord’s production to the equivalent of 287,000 boed and give it a total 1.3 million net acres in the Williston basin.
News
February 21, 2024
Chesapeake is currently operating nine rigs (five in the Haynesville and four in the Marcellus) and four frac crews (two in each basin). Given current market dynamics, the company plans to defer placing wells on production while reducing rig and completion activity.
News
February 20, 2024
The acquisition is anticipated to expand the Benchmark portfolio, adding approximately 140,000 net acres and approximately 470 operated production wells in the prolific Western Anadarko basin throughout the Texas Panhandle and Western Oklahoma.
News
February 18, 2024
Currently, the two wells are producing at a combined rate over 1,000 bopd. Morgan anticipates further increases as the wells continue flowback for the next few weeks.
News
February 16, 2024
TechnipFMC has been awarded a substantial contract from Shell plc for the first integrated Engineering, Procurement, Construction, and Installation (iEPCI) project to use high-pressure subsea production systems rated up to 20,000 psi (20K).
News
February 14, 2024
Capital investment in shale and exploration will be trimmed by $320 million, and two rigs in the Permian will be idled this year, the Houston-based company said Wednesday. Spending will increase in the Gulf of Mexico, chemicals and the enhanced oil recovery business.
News
February 14, 2024
Zephyr will now move to execute a drilling rig contract and will update the market on the expected timeline for the spud of the State 36-2R well upon award of the contract. Bid processes for other major services are also underway.
News
February 14, 2024
Woodside announced that the Trion oil and gas project has received approval for its Social Impact Assessment from the Mexican Ministry for Energy.
News
February 14, 2024
Diamondback Energy Inc.’s blockbuster deal for Endeavor Energy Resources LP makes the company’s shares the best way to invest in the prolific Permian basin in Texas, according to Tortoise Capital Advisors LLC.
News
February 13, 2024
With this acquisition, the company now holds 30,000 acres in Weld County with 320 horizontal wells and daily production of approximately 30,000 boed.
