North America
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.
News
February 13, 2024
The operators, today running a total of 26 rigs in the Permian basin, will see that count whittled down to between 20 and 22 over time, Kaes Van’t Hof, chief financial officer at Diamondback, said Monday on a conference call. They’ll be more efficient, however, meaning production will rise modestly despite the curtailed rig count.
News
February 12, 2024
Combined crude production from the seven U.S. shale basins is forecast to rise to 9.72 MMbpd next month, up 0.2% from February, the U.S. Energy Information Administration said in a report Monday.
News
February 12, 2024
The two companies, headquartered across the street from one another in Midland, the heart of the Permian basin, will have a combined 838,000 net acres and have net production of 816,000 boe, according to the statement.
News
February 11, 2024
Rocky Mountain oil and gas company Zephyr Energy plc provided an update on its project in the Paradox basin, Utah, and its non-operated project in the Williston basin, North Dakota.
News
February 09, 2024
Production from the basin is set to reach 6.4 MMbpd at the end of this year, up from 6.1 MMbpd at the end of 2023, Plains All American Pipeline LP said in its fourth-quarter earnings presentation. The growth will happen due to drilling efficiencies even as the number of rigs remains stable, Chief Financial Officer Al Swanson said.
News
February 08, 2024
Enerplus shares surged as much as 10%. The company, which has a market value of about $4.1 billion, operates primarily in the Bakken shale basin of North Dakota and in the Marcellus region in Pennsylvania.
News
February 08, 2024
Diamond Offshore Drilling, Inc. has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024. Additionally, the company has entered into a drilling contract with Serica Energy (UK) Limited to utilize the Ocean Patriot for two plug and abandonment (P&A) wells in the U.K. North Sea.
News
February 07, 2024
As acquisition deals continue to mount in West Texas’ Permian basin – $144 billion in the fourth quarter of 2023 – interest is turning to basins like the Eagle Ford, Haynesville, Barnett and others.
News
February 07, 2024
Production in California has been falling for years even as other U.S. basins are still enjoying growth. The transaction will add large, producing assets to the driller’s portfolio, with executives eyeing opportunities to eventually increase oil recovery at the combined company.
News
February 06, 2024
The purchase increases Vital Energy’s working interest in 54 producing, low-decline wells in the Permian basin by an average of 67%, increasing the company’s estimated 2024 production by approximately 1,850 boed (51% oil) and estimated 2024 Free Cash Flow by approximately $25 million.
