North America
News
September 06, 2023
The moves come in the wake of the administration’s decision to approve ConocoPhillips’s Willow oil project in the National Petroleum Reserve-Alaska. The initiatives announced Wednesday target territory in northern Alaska, long prized for its oil and gas potential.
News
August 30, 2023
The Government of Newfoundland and Labrador received 24 bids from 19 companies in the initial call for bids, with nine bids from nine companies proceeding into stage two. The results of stage two were announced, with ABO Wind, EverWind Fuels, Exploits Valley Renewable Energy Company (EVREC), and World Energy GH2 being the recipients of Wind Application Recommendation Letters.
News
August 30, 2023
According to the latest report by the Permian Strategic Partnership, the Permian basin had a record year for tax revenue collected from the oil and gas industry. These funds support tax relief, road improvements, public schools and teachers, police and fire departments, community hospitals, universities, and other essential services.
News
August 30, 2023
“Congress’ directive is clear in the Inflation Reduction Act that the Department of the Interior must hold offshore Lease Sale 261 in the Gulf of Mexico in order to help meet the energy needs of the American people.," Senior Vice President and General Counsel Ryan Meyers said.
News
August 29, 2023
“According to BOEM, a single offshore wind project could support approximately 4,470 jobs and $445 million in GDP during construction and an ongoing 150 jobs and $14 million annually from operation and maintenance labor, materials, and services," National Ocean Industries Association (NOIA) President Erik Milito said.
News
August 29, 2023
Administration sources say the move advances the President’s commitment to deploy 30 GW of offshore wind energy by 2030.
News
August 29, 2023
Geologically viable but unproven inventory is at the forefront, as high-quality drilling locations become scarce over the next decade.
News
August 25, 2023
Rigs targeting both crude and natural gas in the West Texas and southeast New Mexico region declined by 7 to 320 this week, according to data released Friday by Baker Hughes Co.
News
August 25, 2023
Crescent Point is lowering its 2023 annual average production guidance to a range of 156,000 to 161,000 boed, which represents a reduction of approximately 4,500 boed.
News
August 25, 2023
The challenge follows BOEM’s announcement to hold the final offshore lease sale mandated by the Inflation Reduction Act, but with significantly reduced acreage and severe restrictions on oil and natural gas vessel traffic.
News
August 23, 2023
“While the Department of the Interior announced a much-needed offshore lease sale today, the Biden administration continues to throw up roadblock after roadblock to American energy production, prioritizing their campaign promise to stop American oil and natural gas development in federal waters over their duty to meet Americans’ energy needs," writes API's Holly Hopkins.
News
August 23, 2023
he addition of Mewbourne Oil Company enriches the group of industry leaders leveraging their resources to improve the lives of residents in West Texas and Southeastern New Mexico.
News
August 23, 2023
The National Oceanic and Atmospheric Administration has increased its prediction for the 2023 Atlantic hurricane season from a near-normal level to an above-normal level of activity, partially due to record high sea surface temperatures. EIR’s report analyzes the potential for production shut-ins, loss of assets and oil-price upside under potential storm strength scenarios.
News
August 22, 2023
A rare heat advisory from the Interior Department’s Bureau of Safety and Environmental Enforcement warned offshore oil companies on Tuesday to take extra precautions in the Gulf, including periodic breaks. In a few recent instances, affected workers have been taken to shore for further evaluation, the alert said.
Article
August 2023
A hybrid geophysical method enables engineers to understand the relationship between saltwater injection in the Ellenburger formation of West Texas and associated earthquake activity. The innovative combination of technologies provides operators with a reliable earthquake probability map to guide planning of injection wells and schedules to avoid environmental issues.
News
August 21, 2023
The reserve report reflects the quality and scale of the company’s 37,000 gross acre position, establishing a possibles reserves basis of approximately 285.3 MMboe with a PV10 value of roughly $2.4 billion.
News
August 21, 2023
The transaction strengthens Permian Resources’ position as a leading Delaware basin independent E&P with over 400,000 Permian net acres, pro forma production of approximately 300,000 boed and an enhanced free cash flow profile to increase returns to shareholders.
News
August 18, 2023
The number of oil rigs operating in the U.S. dropped by five in the past week to 520, the lowest since March 2022 and about 14% below this time last year, according to data released Friday by Baker Hughes Co.
News
August 17, 2023
Crude oil and natural gas production as reported to the Railroad Commission of Texas for May 2023 came from 163,182 oil wells and 87,370 gas wells.
News
August 17, 2023
Founders’ CBP operations are located in the Permian basin in Ector County, Texas, and are focused on the development of approximately 3,600 net acres that are similar to Ring’s CBP assets acquired in 2022 from Stronghold Energy Operating II, LLC.
News
August 17, 2023
NOG jointly acquired the assets with Earthstone Energy, Inc., which will become the operator of substantially all the assets. In connection with the transaction, NOG and Earthstone entered into cooperation and joint operating agreements, which include a multi-year development plan for the Novo assets.
