U.S. Onshore
Article
August 2023
A hybrid geophysical method enables engineers to understand the relationship between saltwater injection in the Ellenburger formation of West Texas and associated earthquake activity. The innovative combination of technologies provides operators with a reliable earthquake probability map to guide planning of injection wells and schedules to avoid environmental issues.
News
August 21, 2023
The reserve report reflects the quality and scale of the company’s 37,000 gross acre position, establishing a possibles reserves basis of approximately 285.3 MMboe with a PV10 value of roughly $2.4 billion.
News
August 21, 2023
The transaction strengthens Permian Resources’ position as a leading Delaware basin independent E&P with over 400,000 Permian net acres, pro forma production of approximately 300,000 boed and an enhanced free cash flow profile to increase returns to shareholders.
News
August 18, 2023
The number of oil rigs operating in the U.S. dropped by five in the past week to 520, the lowest since March 2022 and about 14% below this time last year, according to data released Friday by Baker Hughes Co.
News
August 17, 2023
Crude oil and natural gas production as reported to the Railroad Commission of Texas for May 2023 came from 163,182 oil wells and 87,370 gas wells.
News
August 17, 2023
Founders’ CBP operations are located in the Permian basin in Ector County, Texas, and are focused on the development of approximately 3,600 net acres that are similar to Ring’s CBP assets acquired in 2022 from Stronghold Energy Operating II, LLC.
News
August 17, 2023
NOG jointly acquired the assets with Earthstone Energy, Inc., which will become the operator of substantially all the assets. In connection with the transaction, NOG and Earthstone entered into cooperation and joint operating agreements, which include a multi-year development plan for the Novo assets.
News
August 16, 2023
The Permian Strategic Partnership (PSP) applauds the Texas Department of Transportation’s (TxDOT) approval of the Unified Transportation Program (UTP), which serves as TxDOT’s infrastructure plan for the next decade.
News
August 16, 2023
The firm’s conclusion that there won’t be a surge of American oil production comes after the amount of crude extracted from U.S. shale wells doubled in the past decade.
News
August 15, 2023
Over the next five years, Hess expects this fully electric Bakken drilling fleet will reduce greenhouse gas emissions from its Bakken drilling operations by approximately 50% and energy costs by approximately 70%.
News
August 15, 2023
The drop is led by the Permian basin in West Texas and New Mexico, where output will fall for a third month to 5.8 MMbpd, its lowest level since February.
News
August 14, 2023
Chesapeake has agreed to sell approximately 42,000 net acres and approximately 540 wells in the condensate rich portion of its Eagle Ford asset located in Dimmit and Webb counties, along with related property, plant and equipment.
News
August 07, 2023
The assets acquired include 275,000 net acres in the Denver-Julesburg (DJ) basin adjacent to Chevron’s existing operations, which add more than 1 Bboe proved reserves, and 25,000 net acres in the Permian basin that are held by production.
News
August 03, 2023
Trio Petroleum Corp. announced that the first test interval that is being production-tested at the HV-1 discovery well of the South Salinas Project has tested at rates up to approximately 125 bopd with associated natural gas and water.
News
August 01, 2023
Texas production, which accounts for about 40% of the nation’s crude oil output, climbed to 5.49 MMbpd in the period, the highest in monthly government data going back to 1981.
News
July 31, 2023
“The future is bright,” Hamm, 77, said during an interview with Bloomberg News this month in his Oklahoma City office. “I look at it as an industry that is exciting, a lot of adventure, has a lot of potential for making great wealth.”
News
July 31, 2023
With this addition, ChampionX joins a roster of companies committed to responsibly developing resources in the Permian basin while improving residents' quality of life in West Texas and Southeastern New Mexico.
News
July 28, 2023
Exxon produced about 620,000 bpd in the second quarter from the world’s largest shale basin, which straddles Texas and New Mexico, while Chevron’s output increased to 772,000 bbl, the companies said Friday. Together, the companies’ Permian production now makes up nearly a quarter of the basin’s total.
News
July 26, 2023
Applying the latest technology to BCCK’s advanced NRU process, the 175 MMSCFD NiTech Style IV will be added to an existing gas plant to improve efficiencies on residue gas compression.
News
July 26, 2023
With PE activity in the industry slowing and fewer remaining opportunities to buy private companies, public company M&A is likely to take on an increasingly important role in the overall deal market.
Article
July 2023
Kansas oil & gas industry focuses on value reconstruction
