Onshore
News
August 11, 2024
Shale accounted for 52% of YPF’s second-quarter production of the equivalent of 539,000 bopd, up from 45% in the same period last year. Industry plans that it’s spearheading for a new shale oil pipeline are also accelerating, with drillers already negotiating to fill two thirds of capacity.
News
August 08, 2024
The deal will increase Occidental’s production 5% to about 1.32 MMboed in 2024, with the extra coming from the Permian basin, the Houston-based company said in a statement Wednesday. Capital spending will increase about 6% to $6.9 billion.
News
August 06, 2024
Diamondback, one of the largest independent operators in the oil-rich Permian basin of West Texas and New Mexico, expects to pumps as much as 276,000 bpd this year, up from an earlier top-end forecast of 275,000 bpd, according to a statement released Monday.
News
August 05, 2024
Countries like Angola, Mozambique, Uganda and Tanzania are opening up new exploration frontiers, presenting attractive farm-in opportunities for independents like ReconAfrica. The oil reserves in Uganda’s portion of the Lake Albert basin, particularly in the Albertine Graben, are estimated at around 6.5 Bbbl, indicating promising prospects within the onshore region.
Article
July 2024
Frac sand and proppant supply have evolved massively over the past decade and are still changing rapidly, with new ideas and new techniques. As shale gas is developed around the world, these learnings will follow, to unlock tremendous value to global supply chains.
Article
July 2024
For one West Texas operator, the combination of advanced nanoparticle-based additives and digital technology delivered cost savings and predictable results.
News
August 05, 2024
Production at Sharara in southern Libya has stopped completely from nearly 270,0000 bpd on Saturday when employees received orders to trim output, according to the people, who asked not to be identified as they aren’t authorized to speak to the media.
News
August 02, 2024
EOG Resources Inc., one of the largest independent shale producers, Coterra Energy Inc. and Civitas Resources Inc. increased their 2024 production forecasts Thursday, with the latter saying it is seeing stronger-than-expected well performance in the Permian basin, North America’s busiest oil and gas field, where five producers over the past week reported results that surprised to the upside. Ovintiv Inc. and Matador Resources Co. made similar recent production announcements.
News
August 01, 2024
The combined company is the second largest operator in the Eagle Ford. The combination creates leading mid-cap E&P with scaled, balanced portfolio of high-quality assets. Additionally, the new company is well-positioned for further growth through accretive, returns-driven M&A
News
August 01, 2024
Ovintiv followed Matador Resources Co. in raising full-year production plans at a time when U.S. drillers have been committing to flat or moderate output growth so they can return more cash to investors and expand portfolios of future drilling sites.
News
July 29, 2024
The cost to drill and frac new wells in U.S. shale basins is expected to drop about 10% this year as explorers look to get more for less amid record output, according to a report from Wood Mackenzie.
News
July 29, 2024
Post Oak Minerals V, an affiliate of Post Oak Energy Capital LP, has completed 10 acquisitions valued at over $475 million since early 2024, primarily focusing on the Permian basin.
News
July 29, 2024
The deal is part of Occidental’s previously announced plan to divest assets to help fund its acquisition of closely held CrownRock LP.
News
July 29, 2024
Vital Energy and Northern Oil and Gas have agreed to acquire Point Energy Partners for $1.1 billion. The acquisition will increase Vital Energy’s Delaware Basin assets by 25%, bringing its total to 84,000 net acres.
News
July 27, 2024
Vice President Kamala Harris’ campaign said she doesn’t support a ban on fracing, reversing a stance she took on the hot-button oil and gas extraction technique as a presidential candidate in 2019.
News
July 26, 2024
Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year.
News
July 26, 2024
TotalEnergies sold its stake in 18 Nigerian onshore oil licenses to Chappal Energies. This reflects a trend of junior explorers and African national oil companies acquiring onshore assets as global majors focus on offshore projects.
News
July 26, 2024
Zephyr Energy plc has released initial results from the State 36-2R well at its Paradox Basin project in Utah. The early production test shows promising outcomes for the well, which was evaluated at various rates and choke settings.
News
July 26, 2024
Adena Power has joined Halliburton Labs, marking a new collaboration aimed at advancing energy storage solutions.
News
Texas regulator highlights problems in federal orphan well plugging program in testimony to Congress
July 25, 2024
Earlier this week, Texas Railroad Commissioner Jim Wright testified before the U.S. House Committee on Natural Resources, where he spoke in favor of bipartisan legislation to provide states with more flexibility to utilize the orphan well plugging funds provided to states under the Infrastructure, Investment, and Jobs Act.
News
July 25, 2024
Through the transaction, H&P will increase its Middle East rig count from 12 to 88 rigs, 71 of which are in Saudi Arabia, Oman and Kuwait. Based on award activity to date, the pro forma company would be one of the larger rig providers in the Middle East.
