Onshore
News
August 02, 2023
Exxon is involved in six areas of Argentina’s heralded Vaca Muerta — Spanish for Dead Cow — formation in Patagonia. The company’s plans to ramp up development of its flagship site, called Bajo del Choique-La Invernada, never really took off. Today, oil and gas production across all of its shale patches in the region is the equivalent of just 15,000 bpd.
News
August 01, 2023
The SS1H well, which will include a horizontal section of approximately 1,000 m, will target the Amungee Member B-shale at an estimated target depth of 3,200 m (approximately 700 m deeper than the Amungee NW-2H (“A2H”) well in EP 98).
News
August 01, 2023
Alberta’s total oil output dropped 21% to 2.71 MMbpd, the lowest since June 2016, when oil-sands producers were recovering from wildfires that shut about 1 MMbpd of capacity.
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.
Article
July 2023
Advancements in open-hole ball-activated drop systems ensure reliability, enabling operators to pump more proppant and fluid at higher rates to maximize production potential in long laterals.
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 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 28, 2023
A preliminary evaluation indicates potential recoverable resources of approximately 28 MMboe. After full development of the discovery, OMV expects its natural gas production in Austria to increase by 50%.
News
July 27, 2023
The Z18 well - in the Carboniferous formation - is expected to increase Neptune’s production from the Adorf license by about 1,900 boed to around 8,200 boed.
News
July 24, 2023
(WO) — The EPA and Department of Energy said that the U.S. government would allocate up to $700 million in financing to track and lower methane emissions from the oil and gas industry, with grants to states accounting for half of the total.
News
July 24, 2023
Chevron Corp.’s board is waiving the mandatory retirement age for CEO Mike Wirth, giving the company more time to find a successor as it notches record production from the world’s most prolific shale basin.
News
July 24, 2023
(WO) — Canadian Overseas Petroleum Limited (COPL) and its affiliates have signed a non-binding letter of intent (LOI) for a joint venture to develop its Cole Creek project in Converse and Natrona Counties, Wyoming, the company announced on Monday.
News
July 21, 2023
China National Petroleum Corp. on Thursday began drilling the Shendi Chuanke 1 Well in Sichuan province, with a designed depth of 10,520 meters (6.5 miles). The project follows a similar sized well that CNPC began drilling in Xinjiang in May, described at the time as the deepest ever undertaken in China.
Article
July 2023
Remote e-frac technology enables operators to wield high and variable power loads to slash costs and reduce emissions.
Article
July 2023
A sensor at a PDC bit measures downhole dysfunction and is used in combination with an automated dull grading system to calculate bit damage. The high-frequency data enable engineers to determine the bit design changes required to improve drilling efficiency.
News
July 17, 2023
The company received a grade A under the MiQ methane emissions standard and a grade A- from Equitable Origin's EO100 Standard for Responsible Energy Development, which focuses on environmental, social and governance (ESG) performance.
News
July 14, 2023
The new Onyx horizontal development will utilize surface equipment currently located nearby Bayswater's existing Leffler 26-A Pad oil and gas location. This is Bayswater's fourth OGDP application approved by the Commission since Colorado's new regulatory framework was implemented, and the first approval this year.
News
July 11, 2023
The company intends to change its name from Houston Natural Resources Corp to Cunningham Natural Resources Corp ("CNRC"), and CNRC will be focused on traditional oil and gas opportunities and energy transition materials.
News
July 11, 2023
In early April 2023, a significant well control issue arose in which hydrocarbons flowed from the well in an uncontrolled manner. Currently,t he State 36-2 well remains static and under control, and Zephyr is in the process of pulling the production tubing out of the hole, as some joints were compressed/compromised or stuck due to the high pressures experienced during the well control incident and subsequent well control efforts.
News
July 07, 2023
The Barnes 8-1H, 8-2H, and 8-3H wells were drilled and completed under budget and are still cleaning up after the fracture stimulations.
News
July 06, 2023
Founded in 2005 and headquartered in Fort Worth, Texas, privately-owned Ulterra designs, manufactures, sells and rents PDC drill bits.
