U.S. Onshore
News
April 05, 2023
The Whistling Straights well d is the first well under its recently signed Participation, Development and Option Agreement between Pennpetro’s 100% owned subsidiary, Nobel Petroleum USA Inc, and Millennium PetroCapital Corporation within the 250,000 acre Area of Mutual Interest petroleum joint venture in Gonzales County, Texas.
News
April 04, 2023
Riley Exploration Permian, Inc. announced that it completed its previously announced acquisition of New Mexico oil and natural gas assets from Pecos Oil & Gas, LLC, an affiliate of Cibolo Energy Partners LLC.
News
April 04, 2023
A federal judge in Alaska denied a bid by environmentalists and an indigenous group to block ConocoPhillips from opening a gravel mine and conducting other work at its $8 billion Willow oil project in the state.
News
April 03, 2023
The agreement comes as U.S. shale output growth slows as drillers run out of top-tier acreage, stoking concern they won’t be able to fill the void created by OPEC production cuts and sanctions on Russian supply.
News
April 03, 2023
Ovintiv Inc. is nearing a deal to acquire oil and gas assets in the Midland Basin from private equity firm EnCap Investments, according to people with knowledge of the matter.
News
March 31, 2023
The Permian Energy Development Laboratory announced the signing of a memorandum of understanding among seven New Mexico and Texas universities, two national laboratories and a center for advanced energy research at UT Energy Week 2023.
News
March 27, 2023
By acquiring Lotus Midstream, Energy Transfer will gain 3,000 miles of crude gathering and transportation pipelines that stretch from New Mexico through the Permian Basin of West Texas to Cushing, Oklahoma. ET plans to pay $900 million in cash and the rest in 44.5 million newly issued shares.
News
March 20, 2023
The Mountain Capital-backed company is having discussions with some larger peers about a potential deal, said the people, who asked not to be identified because the talks are private.
News
March 17, 2023
Shale drillers have made a strategic shift in recent years from reckless spending and unchecked output growth to strict capital discipline. The new business model could help shield the industry from the fallout of a credit crunch.
News
March 13, 2023
Biden is expanding an Obama-era ban on new oil and gas leasing in U.S. Arctic waters and will write new rules barring the sale of new oil drilling rights across much of the National Petroleum Reserve-Alaska, where ConocoPhillips’s 600 million-barrel Willow venture is planned, the Interior Department said.
News
March 13, 2023
After weeks of deliberations, senior advisers have signed off on the move, which represents one of the most momentous climate decisions yet for President Joe Biden. The approval is set to be released next week by the Interior Department, said the people, who asked not to be named because an announcement has not been made.
News
Siemens Energy wins contract for world’s first large-scale direct air capture plant in Permian Basin
March 06, 2023
The two compressor packages will enable the plant to capture up to 500,000 metric tons of CO2 per year when fully operational.
News
March 06, 2023
The lawmakers, including freshman Democratic Representative Mary Peltola, said they made their case for authorizing the plan to allow drilling from three locations at the Willow project during an Oval Office meeting on Thursday that lasted more than an hour.
Article
February 2023
Price volatility, pipeline scarcity help corral production
News
February 28, 2023
The well was drilled into the Middle Eocene reservoir, targeting lineations interpreted on the 3D seismic survey to represent productive sweet spots with high density of oil-bearing natural fractures.
Article
February 2023
Proved reserves of natural gas reported by operators established a new record in the United States in 2021, while proved U.S. reserves of oil increased but did not quite return to pre-pandemic levels.
Article
February 2023
Despite rising interest rates and fear of an economic recession, WTI surged to a 15-year high of $114.84/bbl in June 2022, as the war in Ukraine continued to restrict Russian supply and fueled global unrest.
News
February 25, 2023
The Texas-based oil and gas explorer is weighing a deal for the smaller U.S. rival as it seeks further consolidation in the shale industry, the people said, asking not to be identified discussing confidential information.
News
February 24, 2023
The assets provide Foothills with a platform to deliver double-digit growth in production, reserves, and revenues in 2023 and 2024. The acquisition includes substantial reserves behind pipe, infrastructure in place to drive low-cost development and natural gas weighted assets.
News
February 23, 2023
"With today’s announcement, we are pleased to see additional funds returning to the Basin, helping build and repair infrastructure that will help fuel our local, state, national and global economy for years to come," said Don Evans, PSP's Chairman Secretary.
News
February 23, 2023
The Petroleum Museum, located in Midland, Texas, plans to use the contribution towards the new Science, Technology, Engineering, Art and Math (STEAM) Education Center.
