Production
News
May 07, 2025
Permian Resources has agreed to acquire core Delaware basin assets from APA Corp in a $608 million deal. The assets include 13,320 net acres, 8,700 net royalty acres and 12,000 boed, significantly expanding Permian Resources' New Mexico footprint.
News
May 07, 2025
Zephyr Energy has announced successful initial results from the production test on the State 36-2 LNW-CC-R well at the company's flagship project in the Paradox basin, Utah.
News
April 08, 2025
The sudden plunge in oil prices begs the question, what if WTI prices go as low as $50 per barrel? At that level, U.S. Lower 48 onshore crude oil production could decline by more than 1 million bpd over 12 months, according to S&P Global Commodity Insights.
News
February 20, 2025
Ecopetrol SA sees “great potential” for E&P activity in Colombia alongside bets on U.S. fracing and offshore gas. Ecopetrol has full ownership of the CPO-09 block in Colombia's oil-rich eastern plains after completing its $452 million acquisition of Repsol SA’s 45% stake.
News
February 10, 2025
Petro-Victory Energy has signed a sales & purchase agreement (SPA) in 50/50 partnership with Azevedo & Travassos Petroleo (ATO) for 13 oil fields located in the Potiguar Basin, onshore Brazil, from seller Brava Energia.
News
January 23, 2025
(Bloomberg) – Argentina scored its widest annual energy trade surplus in nearly two decades in 2024 thanks to booming oil and gas production in the country’s Vaca Muerta shale patch. It’s forecast to do even better this year.
News
January 07, 2025
Kimbell Royalty Partners has agreed to acquire mineral and royalty interests held by a private seller in a cash and unit transaction valued at approximately $231 million. The acquired assets, located in the Midland basin, will produce an estimated 1,842 boed in 2025.
Article
December 2024
This article explores the history of Tubing-Retrievable Safety Valves (TRSVs), highlighting their development milestones and introducing Halliburton’s EcoStar® all-electric TRSV. Created to meet reliability and operational performance needs, this product helps advance safety valve technology and points to a safer industry future.
News
December 30, 2024
Ecopetrol S.A. announces that they have successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09. Ecopetrol is now the sole owner of this strategic asset in the Piedemonte Llanero.
News
December 30, 2024
Cheniere Energy announced that liquefied natural gas (LNG) was produced for the first time from the first train (Train 1) of the company’s Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3).
News
December 27, 2024
(Bloomberg) – Turkey said it wants to help increase oil and natural gas production in Syria, the latest step in Ankara’s overtures for deeper involvement in the reconstruction of the war-torn country.
News
December 26, 2024
Vermilion Energy Inc. has entered into an arrangement agreement to acquire Westbrick Energy Ltd., a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion.
News
December 22, 2024
LandBridge has closed its previously announced acquisition of approximately 46,000 largely contiguous surface acres, known as the Wolf Bone Ranch, in the Delaware Basin from a subsidiary of VTX Energy Partners.
News
December 20, 2024
(Bloomberg) – BP Plc and the Iraqi government took another step toward reviving one of its most prolific oil and gas resources, the Kirkuk field. The agreement on technical terms to redevelop the field is an important step toward a fully termed contract.
News
December 18, 2024
(Bloomberg) – Nigeria approved a $1.3 billion deal that would see a group of local companies buy Shell Plc’s onshore assets in Africa’s biggest crude producer.
News
December 17, 2024
Petro-Victory Energy Corp. has announced the signature of an exclusivity agreement with Brava Energia S.A. for the potential acquisition of 13 oil-producing fields in Rio Grande do Norte, Potiguar Basin.
News
December 16, 2024
Vitesse Energy has announced a definitive agreement to acquire Lucero Energy in an all-stock transaction valued at $222 million. The addition of Lucero’s operations will enable Vitesse to expand its assets across the Bakken shale region.
News
December 16, 2024
Venture Global announced it has reached first liquified natural gas (LNG) production at the company's second facility, Plaquemines LNG, in Port Sulphur, Louisiana. The milestone was achieved just 30 months from its Final Investment Decision (FID).
News
December 09, 2024
(Bloomberg) – A shale-drilling frenzy in Argentina has put the country on the verge of leapfrogging regional rival Colombia as a top-three crude producer in South America.
News
December 05, 2024
(Bloomberg) – Chevron Corp. plans to slow production growth in the biggest U.S. oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up American oil output.
News
December 05, 2024
Crescent Energy Company has announced the signing of a definitive agreement to acquire Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million plus future oil price contingent consideration
