North America
News
December 13, 2023
After completion of this campaign in April 2025, these wells collectively are expected to produce up to 22,000 boed at peak rates.
News
December 13, 2023
"The U.S. offshore region is uniquely situated to provide the energy sources Americans rely upon for a high quality of life, while also providing a roadmap for addressing emissions," NOIA President Erik Milito said.
News
December 12, 2023
Future development is underpinned by some of North America’s top operators, with the combined ExxonMobil and Pioneer Natural Resources expected to move into Freehold’s top five payors and represent greater than 25% of future gross locations within the company’s U.S inventory. Additional payors include other large well capitalized producers such as Marathon Oil, Endeavor Energy Resources LP and Diamondback Energy.
News
December 12, 2023
Occidental Petroleum Corp.’s $10.8 billion takeover of CrownRock LP equates to more $50,000 per acre for rights to drill some of the richest oil deposits in the hemisphere, according to data-analysis and research firm Enverus Inc.
News
December 11, 2023
Occidental Petroleum Corp. has agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $12.0 billion, including the assumption of $1.2 billion in debt, as consolidation heats up in North America’s most-prolific oil basin.
News
December 08, 2023
U.S. oil producers are about to ease up on their growth in capital spending, indicating that the pace of shale output may slow down after American production rose to record levels this year.
News
December 07, 2023
The total includes 588 to drill new oil or gas wells, 5 to re-enter plugged wellbores and 37 for re-completions of existing wellbores.
News
December 07, 2023
Chevron Corp. followed competitor Exxon Mobil Corp. in raising planned capital spending as the biggest U.S. oil operators seek to increase long-term crude production.
News
December 06, 2023
Exxon also plans to spend $23 billion to $25 billion on capital projects next year as it expands its footprint in the Permian basin, North America’s most-prolific oil field, and pursues untapped reserves in overseas regions such as Guyana.
News
December 05, 2023
This transaction forms a comprehensive cementing business to better serve Permian oil and gas operators and is complementary to ProPetro’s industry-leading hydraulic fracturing and wireline completions businesses.
News
November 30, 2023
The Canadian province, which holds the world’s third-largest crude reserves, is benefiting from higher oil prices supported by production cuts from OPEC+ countries including Saudi Arabia and Russia.
News
December 01, 2023
Occidental’s corporate jet movements recall a frenzied few months in 2019 when the company successfully outbid Chevron Corp. to buy Anadarko Petroleum Corp. for $55 billion.
News
November 30, 2023
NNE became the first producer in the United States to certify an asset to EO's independent voluntary standard for high-ESG performance at the site level in 2021.
News
November 30, 2023
If the purchase is successful, it would augment a portfolio Occidental had already expanded with the $38 billion takeover of Anadarko Petroleum Corp. in 2019
News
November 29, 2023
API's Executive Vice President and Chief Advocacy Officer Amanda Eversole highlighted how American innovation spurred the shale revolution, transforming the energy landscape in the U.S.
News
November 28, 2023
Production from the assets is approximately 4,000 boed (100% light and medium crude oil).
News
November 27, 2023
Alberta Premier Danielle Smith’s government said in a statement that Alberta, which relies on natural gas for the bulk of its power generation, is able to achieve a net-zero power grid by 2050 but the 2035 target would be “unaffordable, unreliable and unconstitutional” and puts people at risk of “freezing in the dark” when temperatures drop as low as minus-23F.
News
November 27, 2023
Suncor Energy announced that the Terra Nova Floating, Production, Storage and Offloading (FPSO) vessel has safely restarted following the completion of the Terra Nova Asset Life Extension project. Production is expected to ramp up over the coming months.
News
November 26, 2023
The combined average expected 2024 production from the properties in the Northern Delaware and Appalachian basins is anticipated to reach roughly 6,500 boed.
News
November 24, 2023
Across the U.S., operators added four rigs in the five-day period from Nov. 18 to Nov. 22, according to the Baker Hughes Rotary Rig Count. It was the second week in a row that the total U.S. count increased, with the new total standing at 622.
News
November 23, 2023
The companies won’t restart pumping until the source of the leak is secured and appropriate repairs have been made, the Coast Guard said in a statement.
