North America
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.
News
February 06, 2024
Tellurian produced 19.5 Bcf of natural gas for the quarter ended September 30, 2023. Tellurian’s natural gas assets include 31,149 net acres, interests in 159 producing wells and over 400 drilling locations.
News
February 05, 2024
Overall, Permian Resources’ portfolio optimization efforts added approximately 17,000 Permian net acres, 7,300 Permian net royalty acres and over 200 high-quality, gross operated locations in the core of the Delaware basin.
News
February 05, 2024
The oil and gas industry recently participated in the Gulf of Mexico Lease Sale 261, where blocks within the survey area attracted 16 winning bids and a total bid value of more than $40 million. The Engagement 5 dataset will support existing and new leaseholders as well as regional operators with the most technically advanced subsurface imaging.
News
February 04, 2024
The upbeat reports by North America’s biggest crude drillers, fueled by strong output growth from the Permian Basin, follow similar results at Shell Plc, which kicked off the oil and gas industry’s earnings season on Thursday with adjusted net income that was more than $1 billion higher than the average forecast
News
February 04, 2024
The recoverable oil volume for the Cambriol G-92 discovery is estimated to be 340 MMbbl.
News
February 02, 2024
Chevron is targeting 10% growth this year, more than twice the pace of publicly traded independent oil companies, setting it on course to pump 1 MMbpd from the region in 2025. Exxon sees production growth of nearly 7%, but is expected to double its overall output once it completes the $60 billion of Pioneer Natural Resources Co. by mid-year.
News
February 01, 2024
Silver Hill Energy Partners will acquire Liberty’s producing assets in North Dakota’s Bakken region, where Libery’s net production in December 2023 was approximately 13,000 boed (76% oil, 86% liquids). Silver Hill will also acquire Liberty’s PDP reserves of approximately 16 MMboe.
News
February 01, 2024
Oil and gas proved reserves at Dec.31, 2023 were 1.37 Bboe, compared with 1.26 Bboe at Dec. 31, 2022. Proved reserve additions and net revisions in 2023 totaled 261 MMboe, primarily from Guyana, which included sanctioning of the Uaru development, and from the Bakken.
News
January 24, 2024
These two campaigns resulted in the successful acid treatments of a combined six wells. The wells ranged in water depth from 6,500’-7,200’.
News
January 23, 2024
Among unconventional oil resource plays in the U.S., the Permian stands well atop the heap for remaining resource, offering both the most high-quality remaining drilling opportunities and the greatest potential for resource expansion from the prolific region’s stacked resource benches.
News
January 22, 2024
Recent estimated production for the fields has ranged from approximately 3,700 to 5,700 boed (around 68% liquids). W&T plans to implement a series of workovers, recompletions and general maintenance work that the Company expects will increase total production from the fields.
News
January 20, 2024
Production across the U.S. was curtailed by about 10 MMbbl this week, according to market participants who asked not to be named because the information is private.
News
January 20, 2024
Chevron plans to shed all of its 70% stake in the Western Alberta oil and natural gas play, spokesman Braden Reddall said in an email.
News
January 17, 2024
Currently, there are 441 stable producing, shallow decline wells on the acreage across the mineral interests acquired from AgWest Farm Credit, and there are well over 100 new well locations that can and likely will be drilled in the future across the acquired land.
News
January 17, 2024
TechnipFMC will install pipe and an umbilical, tying back three new wells to the Argos platform in the Gulf of Mexico.
News
January 16, 2024
As much as 650,000 bpd is offline, up from 425,000 bpd on Monday, according to Justin Kringstad, director of the North Dakota Pipeline Authority. The state’s total production reached 1.2 MMbpd in October.
News
January 16, 2024
QuarterNorth's producing assets include six major fields and are approximately 95% operated and 95% in deepwater. The Transaction is expected to improve Talos's base decline rate by approximately 20%, providing increased production stability and lower reinvestment rates.
News
January 14, 2024
The transaction adds over 5,500 net leasehold acres and 62 fully permitted proven undeveloped ("PUD") drilling locations.
News
January 12, 2024
Total production jumped by 336,822 bpd to 4.16 MMbpd, the highest in data stretching back to 2010, according to the Alberta Energy Regulator’s website. Output over the first 11 months of the year averaged 3.79 MMbpd, versus 3.73 MMbpd for all of 2022, the data show.
News
January 11, 2024
By combining high-quality, large-scale acreage in Appalachia and Haynesville, the pro forma company has current net natural gas production of approximately 7.9 Bcfd, with more than 5,000 gross locations and 15 years of inventory.
