U.S. Onshore
Article
July 2024
The Permian basin is the largest oil field in the U.S., but it is also one of the world’s biggest methane emitters. As producers come under pressure to cut emissions to tackle global warming, electric actuation can slash emissions, while making processes more efficient.
News
July 24, 2024
Matador executives on a Wednesday earnings conference call with analysts credited the better-than-expected well performance to drilling efficiency improvements such as crews spending less time drilling wells and hydraulic fracturing more wells simultaneously.
News
July 24, 2024
Since its creation in 2019, the Permian Strategic Partnership has doubled its membership and committed $153 million in philanthropic investments to generate over $1.5 billion in community support and collaborative investments.
Article
July 2024
When it comes to performance regressing as activity increases, one way to advance drilling is to find better and more reliable ways to ensure that we transfer the know-how and skills we already have to new workers and new teams.
News
July 21, 2024
FTC investigators are looking for evidence of executives attempting to collude with OPEC officials on oil market dynamics, according to people familiar with the matter who asked not be named discussing non-public information. Such communications, particularly on pricing and output, could be illegal under U.S. antitrust laws.
News
July 21, 2024
Colombian driller EcoPetrol could end up acquiring an even larger stake, up to 49%, in the assets Occidental agreed to buy from CrownRock LP for $12 billion in late 2023. This option expires in August, according to a filing.
News
July 16, 2024
The Bureau of Land Management (BLM) announced it is seeking public opinion on whether or not to expand so-called “protected” areas in Alaska’s National Petroleum Reserve (NPR-A). If enacted, the measure would expand on the Biden administration’s recent ban on new oil and gas drilling projects in the region.
News
July 15, 2024
This year’s Economic Report from the Permian Strategic Partnership (PSP) emphasizes the area’s status as the second lowest producer of CO2 emissions per barrel of oil equivalent among the major onshore producing basins worldwide.
News
July 09, 2024
Grayson Mill was one the largest remaining private opportunities reasonably likely to come up for sale, with around 500 remaining drilling locations and over 100 Mboed production. Among remaining private equity-sponsored E&Ps, as opposed to truly private companies like Continental Resources, Grayson Mill had the largest count of remaining undeveloped gross drilling locations.
News
July 09, 2024
Over the next two weeks, the well will be flowed and production-tested to more rigorously determine the reservoir pressure, fluid composition, well flow rate and bulk reservoir permeability, and to deliver an early estimate of the overall potential recoverable resources.
News
July 06, 2024
The lawsuit filed Friday takes aim at an Interior Department rule that explicitly bars oil leasing on 10.6 million acres (4.3 million hectares) of the 23-million-acre reserve, while restricting future oil development in 13 million acres designated as “special areas.”
News
July 04, 2024
Intelligent Wellhead Systems and ProFrac announced the first successful field tests utilizing MQTT (Message Queuing Telemetry Transport) protocol for the safe and efficient transfer and visualization of wellsite data during hydraulic fracturing operations.
News
June 30, 2024
U.S. Energy Development Corporation (U.S. Energy) is expanding its operations in the prolific Permian basin. U.S. Energy is poised for significant growth and development in one of the most productive oil and gas regions in the United States.
News
June 27, 2024
SM Energy Co. and Northern Oil and Gas Inc., two U.S. shale drillers, agreed to acquire assets in Utah’s Uinta basin for about $2.6 billion in cash, the latest in a string of oil and gas acquisitions as operators look to scale up.
News
June 26, 2024
More than 50% of oil executives told the Dallas Fed they foresee lower domestic crude production if the consolidation trend continues for five years, according to second-quarter survey results released Wednesday.
News
June 26, 2024
Caerus aims to be “the Rocky Mountain region’s most efficient producer,” according to its website. The company operates more than 7,400 wells in the Piceance Basin in Colorado and Uinta Basin in Utah. It also has infrastructure assets including 2,400 miles of gas and water pipelines and a number of water treatment and storage facilities.
News
June 25, 2024
Pytheas Energy, Inc announced the addition of three producing oil and gas properties to its growing portfolio: the Andrews Crane asset, the Bakken asset, and the Minerva-Rockdale asset. These represent both working and non-working interests in 620 oil and gas wells, with a combined gross current production of approximately 357 bpd.
News
June 25, 2024
The shale asset (named Tatonka, approx. 46,500 acre) is in Texas with access to the Gulf Coast industrial area, which includes LNG export terminals and ammonia plants. MEPUSA will begin a drilling campaign to evaluate the well performance and develop and operate the asset for full-scale development after 2026.
News
June 25, 2024
Enverus has released its annual list of the 100 most prolific private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. Continental Resources and Ascent Resources remain in the top two positions on the list, with Aethon Energy moving up to the third position, according to Enverus.
News
June 18, 2024
The Helmerich & Payne drilling rig is being rigged down and transported off location. Production testing equipment will then be mobilized to site. Testing is expected to commence within two weeks and is expected to take less than ten days to complete.
News
June 18, 2024
Supported by TGS' extensive geological database, which includes data from over 425,000 wells and various interpretive products in the Permian basin, this survey offers a comprehensive resource for exploration and development.
