Onshore
News
August 15, 2023
The drop is led by the Permian basin in West Texas and New Mexico, where output will fall for a third month to 5.8 MMbpd, its lowest level since February.
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August 01, 2023
News
August 14, 2023
Pioneer Energy, Inc. have completed a successful field trial of their new Emission Control Treater (ECT) technology. The pilot demonstrated nearly complete elimination of well pad emissions with autonomous and reliable operations, and an 11.3% increase in crude yield.
News
August 14, 2023
Chesapeake has agreed to sell approximately 42,000 net acres and approximately 540 wells in the condensate rich portion of its Eagle Ford asset located in Dimmit and Webb counties, along with related property, plant and equipment.
News
August 14, 2023
Whatever broader policy mix is implemented, the next government will continue to back production in shale patch Vaca Muerta. That was the unanimous opinion of top drillers state-run YPF SA and Pampa Energia SA, and TGS SA, which conditions and transports shale gas, on earnings calls last week.
News
August 10, 2023
The Railroad Commission of Texas issued a total of 772 original drilling permits in July 2023. The total includes 681 to drill new oil or gas wells, 6 to re-enter plugged wellbores and 73 for re-completions of existing wellbores.
News
August 09, 2023
Absolute emissions remained flat at 81 million metric tons of carbon dioxide, while total oil sands production rose by more than 50,000 bpd to 3.1 MMbpd, S&P said.
News
August 07, 2023
The assets acquired include 275,000 net acres in the Denver-Julesburg (DJ) basin adjacent to Chevron’s existing operations, which add more than 1 Bboe proved reserves, and 25,000 net acres in the Permian basin that are held by production.
News
August 07, 2023
Hydrocarbon resources in the Remanso area are estimated at 0.7 Tcfg and 52 MMbbl of liquids.
News
August 04, 2023
Canadian Natural will raise output from its Primrose site by 25,000 bpd in the current quarter and boost production at its Kirby oil-sands operation by 15,000 bpd in the fourth quarter, the company said Thursday.
News
August 03, 2023
During the extended Initial Phase, Maha intends to implement activities necessary to support any decision regarding Block 70’s declaration of commerciality, such as preparing a detailed plan for enhanced oil recovery, such as steam, waterflooding or other production enhancement methods.
News
August 03, 2023
Trio Petroleum Corp. announced that the first test interval that is being production-tested at the HV-1 discovery well of the South Salinas Project has tested at rates up to approximately 125 bopd with associated natural gas and water.
News
August 03, 2023
Pioneer Natural Resources Co., Occidental Petroleum Corp. and Diamondback Energy Inc. all raised production guidance in recent days largely due to wells pumping more oil than they expected. Chevron Corp. and Ovintiv Inc. also posted improved well results as productivity emerged as a top focus for shale executives, analysts and investors during second-quarter earning calls.
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%.
