Onshore
News
October 31, 2023
Exxon Mobil Corp. named Bart Cahir as Senior Vice President of its shale division, replacing David Scott, who was arrested in Texas earlier this month and accused of sexual assault.
News
October 30, 2023
The joint ventures would include its activities in the Haynesville shale gas basin as well as the Eagle Ford.
News
October 30, 2023
The proposal for managing the National Petroleum Reserve-Alaska has alarmed oil industry advocates who say it would thwart development in a crude-rich region the size of Indiana.
Article
October 2023
Onshore drilling rigs need consistent, reliable power to operate efficiently, but they no longer must rely on diesel generators. A mobile substation that allows a rig to tap into the electrical utility grid provides a straightforward way to reduce reliance on fuel-burning generators, without compromising operational efficiency or productivity.
News
October 24, 2023
In Q3, U.S. upstream M&A cruised along with $14 billion transacted in 25 deals. A liftoff in corporate consolidation picked up the slack of declining opportunities to buy private assets with two-thirds of deal value last quarter coming from combinations between public companies.
News
October 24, 2023
Oil production is crucial for South Sudan to rebound from years of civil war that devastated the economy.
News
October 23, 2023
U.S. oil and natural gas companies are circling each other for potential match ups to keep investor returns growing as the nation’s prolific shale fields age.
News
October 23, 2023
Oil drillers have applied for 81 licenses to drill into the so-called Waseca formation so far this year, 30 more than in all of 2022. That’s the biggest increase in any oil and gas formation in the province this year, according to regulatory data.
News
October 23, 2023
Hess’ Bakken assets add another leading U.S. shale position to Chevron’s DJ and Permian basin operations and further strengthen domestic energy security.
News
October 20, 2023
The total includes 709 to drill new oil or gas wells, 10 to re-enter plugged wellbores and 80 for re-completions of existing wellbores.
News
October 20, 2023
The acquisition makes the Texas oil giant the dominant producer in the Permian, the world’s most important basin outside of OPEC and provides the ability to flex production to meet short-term demand, which will be crucial in the energy transition.
News
October 19, 2023
Devon’s merger ambitions underscore how U.S. shale is ripe for a consolidation wave as companies seek to boost drilling inventory and cut costs.
News
October 18, 2023
Chesapeake has held on-and-off discussions with Southwestern for months about a potential combination, said one of the people, who asked to not be identified because the matter isn’t public.
News
October 16, 2023
The A3H well was drilled, cased and cemented to a total measured depth (“TD”) of 3,837 m, including a horizontal section of 1,100 m in the Amungee Member B-shale.
News
October 15, 2023
Argentina is home to the world’s second-biggest trove of shale gas in Patagonia’s Vaca Muerta, or Dead Cow, formation. CEO Marcelo Mindlin, 59, who founded Pampa Energia SA in 2005 as the country rebounded from financial and economic implosion, wants to unearth as much of it as possible.
News
October 13, 2023
Pure-play shale drillers will be acquired by larger companies within the next five years amid intensifying financial pressures and demand for drilling targets, Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield said just hours after announcing the $60 billion sale of his company to Exxon Mobil Corp.
News
October 12, 2023
Job cuts will be “fairly minimal,” CEO Darren Woods said just hours after announcing Exxon’s biggest acquisition in more than two decades. “We’re really focused on making sure we are leveraging the capability of Pioneer and their people.”
News
October 12, 2023
The shale sector is a hotbed of consolidation talk as oil companies compete for the best drilling portfolios in the Permian basin, North America’s biggest source of crude.
News
October 11, 2023
ExxonMobil officials, including Senior V.P. Neil Chapman, held a media briefing on Wednesday morning (Oct. 11), to further articulate it's acquisition of Pioneer Natural Resources. World Oil sat in on that discussion, which included the company’s drilling plans, shale outlook and midstream operations.
News
October 11, 2023
At close, ExxonMobil’s Permian production volume would more than double to 1.3 MMboed, based on 2023 volumes, and is expected to increase to approximately 2 MMboed in 2027.
News
October 10, 2023
(WO) — Vitesse Energy has acquired additional oil and gas interests in the Williston basin of North Dakota, resulting in approximately $50 million of acquisition and related development capital expenditures, primarily in the third and fourth quarters of 2023., the company said on Oct. 9.
