Onshore
News
June 20, 2023
According to a company statement, the transactions will fundamentally transform Civitas into a stronger, more balanced, and sustainable enterprise with a deep inventory of high-return drilling opportunities in the heart of the Permian and DJ basins.
News
June 20, 2023
The acquisition and other recent transactions mark the rebuilding of Riverbend’s traditional non-operated energy strategy. The company continues to manage and grow its other active traditional energy strategies, which target operated Midland basin properties and mineral and royalty interests across leading oil-producing shale plays.
News
June 19, 2023
The performance of the BED 1-7 vertical well test has achieved the company's objectives for the well, including the Diagnostic Fracture Injection Test (DFIT) pressure leak-off for indications of reservoir parameters, fluid samples from the ARF, successful completion of a large single-stage fracture treatment on the ARF, and inflow performance testing of the stimulated well.
News
June 16, 2023
Rebellion's Heartland Methane Abatement and Land Restoration Project immediately and permanently abates approximately 74,000 metric tons CO2e as a result of plugging methane-emitting orphan wells in a historic Oklahoma oil field.
News
June 16, 2023
Jeremy Larsen, President of Pure Oil & Gas, Inc., stated, "As per the advice and recommendation of our Geologist, and Engineers, we have let the well we drilled sit for a few weeks before proceeding with the work over and completion.
News
June 16, 2023
The combined company will have a best-in-class operational and technology portfolio, along with data analytics to maximize well performance. Specifically, the merger will create a leading U.S. contract drilling business with 172 super-spec drilling rigs and a directional drilling business.
News
June 15, 2023
Q4 2023 production is expected to increase by 30,000-35,000 boed (37% oil) relative to the current operating plan and guidance.
News
June 15, 2023
On June 14, Zion Oil & Gas provided a fresh report on the status of its operations in Israel. The firm took the opportunity to share a few key takeaways from its recent annual meeting.
News
June 15, 2023
The two companies will collaborate to develop a fit for purpose duty holder model to support future infrastructure investments, and position Wood as a strategic partner, providing onshore and offshore lifecycle asset management engineering and operational solutions.
News
June 13, 2023
In 2024, Ovintiv expects to deliver total company oil and condensate production of greater than 200 Mbpd with total capital investment of $2.1 billion to $2.5 billion. The company's production profile is expected to normalize by mid-year 2024 with second-half 2024 oil and condensate production stabilizing at 200 Mbpd.
News
June 12, 2023
Argentina and Chevron reached a deal where the oil company will invest up to $500 million in the El Trapial field in the Vaca Muerta deposit, Economy Minister Sergio Massa said.
News
June 07, 2023
CGG announced that Sercel has confirmed a major sale and the imminent delivery of a 60,000-channel 508XT land acquisition system and 25 VE464 advanced digital vibrator control sets to a major North African geophysical services provider.
News
June 02, 2023
“There’s just a lot of oil being left in the ground,” Chief Executive Officer Darren Woods said Thursday at the Bernstein Strategic Decisions conference. “Fracing’s been around for a really long time, but the science of fracking is not well understood.”
Article
May 2023
An analytical model, based on CFD and discrete element modeling, simulates treatment placement efficiency and diversion effectiveness in HPHT fractured carbonate reservoirs. Application of the innovative technique increased expected production 20% in a North American well.
Article
May 2023
By identifying the numerous barriers obstructing 24/7 reservoir fracturing, a newly developed system utilizes advanced processes and technologies. The system has led to gains in operational efficiency, consistency and safety, enabling operators to fracture a reservoir more hours/day compared to standard procedures and techniques.
News
May 25, 2023
The company will be zipper fracking all three wells beginning this weekend, and flowback will start once all stages have been completed in all of the wells.
News
May 25, 2023
The Z17 well - in the Carboniferous formation - is expected to increase Neptune’s production from the Adorf license by 1,800 boed to around 6,300 boed.
News
May 24, 2023
The Lulo 1 exploration well, located on the 100% operated VIM21 Exploration and Production (“E&P”) contract, encountered 207 feet of net gas pay within the Cienaga de Oro (“CDO”) sandstone reservoir.
News
May 24, 2023
This project will replace the current high-salinity, deep aquifer water systems at the fields, thereby reducing water injection related energy consumption by up to 30%.
News
May 22, 2023
The oil produced during the testing phase is heavy oil of 11-13 degrees API, with viscosity higher than pre-testing estimates.
Article
May 2023
Two innovative shale oil EOR processes offer greater simplicity, and lower capital expenditure and operating costs, compared to natural gas or CO2 EOR. Advanced compositional reservoir simulation modeling is used during operation to ensure maximum oil recovery.
