Production
News
February 15, 2023
This agreement extends Vital Energy’s oil-weighted inventory life by adding roughly 30 operated horizontal location in the Woldcamp B. This includes four drilled, yet un completed locations.
News
February 13, 2023
The oil and gas exploration company’s return-to-production program on these properties will consist of cleaning out existing wellbores, facility maintenance, electrical work and flowline repair work, which is expected to deliver collective production rates of 20-25 bopd for all wells.
News
February 08, 2023
Mature wells that are producing more gas than expected are hurting crude output from the Bakken, the Energy Information Administration said.
News
February 02, 2023
U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more.
News
February 02, 2023
The Japanese company is divesting all of its tight oil development and production activities to “optimize the INPEX Group’s global asset portfolio.”
News
January 30, 2023
As the operator of Block 40, Maha Energy has 65% of the shareholding interest. Mafraq will reimburse Maha for their prorated share of all past costs. Mafraq will also pay for its share of future expenditures on Block 70.
News
January 26, 2023
The focus of attention will be on operators’ production targets, with the global supply-demand balance still tight and with China’s recent lifting of coronavirus restrictions expected to boost consumption. Shale drillers have said supply-chain issues, labor shortages, rising costs and unhelpful federal policies are preventing them from revving up production.
News
January 24, 2023
Matador said Advance had an estimated production in the first quarter last year of 24,500 to 25,500 barrels of oil and natural gas equivalent per day. It also has about 18,500 net acres in the northern Delaware Basin, which is part of the larger Permian formation.
News
January 23, 2023
The lowest of three Frontier 1 sands was perforated with 65 ft. of perforations with no subsequent stimulation. Initial fluid recoveries were black heavy degraded oil, black emulsion, minor brown un-gasified light oil and water.
News
January 19, 2023
Decklar and Millenium restarted production from the Oza Oil Field at a total production rate of approximately 1,300 bopd.
News
January 18, 2023
WildFire Energy acquired approximately 377,000 net acres and approximately 1,350 wells in the Brazos Valley region of its Eagle Ford asset from Chesapeake Energy Corporation.
News
December 28, 2022
The assets acquired from Ensign Natural Resources span Live Oak, Bee, Karnes, and Dewitt Counties across the condensate, wet gas, and dry gas phase windows of the Eagle Ford.
News
December 21, 2022
Carmo Energy, a subsidiary of Cobra IS, will oversee the maintenance of these facilities and of the work to upgrade them to technical and environmental standards. It will be remunerated through their exploitation.
News
December 20, 2022
ConocoPhillips had originally proposed drilling across five pads at the site in the northeast corner of the National Petroleum Reserve-Alaska. However, the Interior Department has advanced an alternative plan that would initially allow just three. Now some environmental activists are musing about an even smaller, two-site option.
News
December 20, 2022
Each of the three Wolfcamp B horizontals had approximately 9,900 feet of completed lateral, averaging 95% within U.S. Energy's 33' target window at a TVD of 10,979'. A total of 198 stages were completed in 31 days with 99.5% of the designed proppant volume and 105.3% of the designed fluid volume placed.
News
December 19, 2022
Petro-Victory re-entered the SJ-11 well, removed the failed progressive cavity pump system and equipped the well for production using a pumpjack. In addition, two additional reservoirs were penetrated to provide potential oil production gains to the existing open and proven oil zone.
News
December 02, 2022
The short supply of labor in the US oil patch has plagued exploration and production companies all year, and the tightness continues.
News
November 15, 2022
Operators in America’s biggest shale oil basin are set to significantly increase the amount of natural gas they burn into the atmosphere because of a lack of pipeline capacity to ship it elsewhere.
News
GD Energy Products to provide 3000-hp pumps to U.S. Well Services for electric fracturing operations
October 26, 2022
GD Energy Products has partnered with U.S. Well Services to supply 3,000 horsepower pumps for their Nyx Clean Fleet. Each custom-designed pump is powered by an electric drive motor to create an environmentally sustainable frac unit.
News
October 25, 2022
Natural gas prices in West Texas dipped below zero for the first time since 2020 as booming production overwhelms pipeline networks, trapping supplies in the region.
News
October 24, 2022
Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel.
