North America
Article
February 2023
Despite rising interest rates and fear of an economic recession, WTI surged to a 15-year high of $114.84/bbl in June 2022, as the war in Ukraine continued to restrict Russian supply and fueled global unrest.
News
February 27, 2023
The Railroad Commission of Texas has filed comments on draft guidance issued by the U.S. Department of the Interior for utilizing formula grants to plug orphaned oil and gas wells.
News
February 25, 2023
The Texas-based oil and gas explorer is weighing a deal for the smaller U.S. rival as it seeks further consolidation in the shale industry, the people said, asking not to be identified discussing confidential information.
News
February 24, 2023
The assets provide Foothills with a platform to deliver double-digit growth in production, reserves, and revenues in 2023 and 2024. The acquisition includes substantial reserves behind pipe, infrastructure in place to drive low-cost development and natural gas weighted assets.
News
February 23, 2023
"With today’s announcement, we are pleased to see additional funds returning to the Basin, helping build and repair infrastructure that will help fuel our local, state, national and global economy for years to come," said Don Evans, PSP's Chairman Secretary.
News
February 23, 2023
The Petroleum Museum, located in Midland, Texas, plans to use the contribution towards the new Science, Technology, Engineering, Art and Math (STEAM) Education Center.
News
February 22, 2023
Pathways Alliance members have awarded a $10 million contract to Wood, a global engineering and consulting company, to develop detailed plans for a 400-kilometre CO2 transportation line that will eventually link more than 20 oil sands facilities with a hub for permanent carbon storage in the Cold Lake, Alberta region.
News
February 22, 2023
Quantum Energy Partners and the management of Bison Oil & Gas formed Bison Oil & Gas Partners IV, LLC to focus on the acquisition and responsible development of oil and natural gas assets in the Denver-Julesburg Basin of Colorado and Wyoming.
News
February 22, 2023
Chesapeake has agreed to sell approximately 172,000 net acres and approximately 2,300 wells in the black oil portion of its Eagle Ford asset primarily in Dimmit, LaSalle and McMullen counties, along with related property, plant and equipment.
News
February 21, 2023
Permex Petroleum Corporation has received an updated independent reserve evaluation from MKM Engineering. The report uses proved and probable reserve classifications that conform to the criteria established by the United States Securities and Exchange Commission.
News
February 21, 2023
Verde Bio Holdings, Inc., a growing oil and gas company, has entered into an agreement to acquire revenue producing natural gas interests in the prolific Haynesville Shale of Northern Louisiana, held by a private seller for a purchase price of $425,000 in cash.
Article
February 2023
Coming off a strong rebound year, the Canadian oil patch is on an upward trend, with strong prices and increased spending. But political uncertainty continues to cast a pall over any long-term optimism.
News
February 20, 2023
Williams will provide natural gas gathering services to Chevron’s 26,000-acre Haynesville dedication. Additionally, Williams has agreed to use existing infrastructure to serve increased natural gas production from the Blind Faith platform in the Gulf of Mexico.
News
February 20, 2023
Pontiac 3D sits on the western edge of the Midland basin, part of the greater Permian basin. It encompasses historical production from Sprayberry and Wolfcamp intervals, along with significant accumulations in deep seated structures in the Devonian and Ellenburger formations.
News
February 17, 2023
Surge Energy acquired a substantial acreage position in Dawson and Gaines Counties in the northern Midland basin, part of the greater Permian basin, that included several existing wellbores.
News
February 16, 2023
With an estimated peak production of 100,000 boed, Vito is the company’s first deepwater platform in the GoM to employ a simplified, cost-efficient host design.
News
February 16, 2023
The MOU between Energy NL and the Canada Guyana Chamber of Commerce is intended to establish a good faith relationship between both organizations which will lead to the mutual benefit of their memberships.
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 15, 2023
Alaska’s senators sharply condemned any potential Biden administration move to authorize ConocoPhillips’ $8 billion Willow oil project with restrictions so onerous it wouldn’t be viable, warning that would be seen as a rejection.
News
February 14, 2023
Permian Strategic Partnership (PSP) President and CEO Tracee Bentley made a compelling case for the positive impact of oil and natural gas production on local communities during her testimony before the U.S. House Subcommittee on Energy and Mineral Resources at The University of Texas Permian Basin Midland Campus.
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.
