News
June 12, 2024
Matador expects to have over 190,000 net acres in the Delaware basin, part of the greater Permian basin, producing over 180,000 boed, with proved reserves exceeding 580 MMboe. The enterprise value of the combined company is projected to exceed $10 billion.
News
June 11, 2024
The addition will mean Vista has two fracking crews and related equipment in operation. The company is aiming to raise production 55% to the equivalent of 85,000 bpd by the fourth quarter, and start production on 138 new oil wells by 2026 in an effort to reach 100,000 bpd.
News
June 09, 2024
Drilling in the U.S. shale patch dropped to the lowest level in almost two-and-a-half years as operators vow to make good on promises to investors for subdued production growth this year.
News
June 07, 2024
Average hourly earnings for front-line oil and gas workers rose 0.5% from March to $44.67, according to a Labor Department report released Friday. Compared with a year ago, oil pay is up 3.2%. The strength in wages matched a national trend, pushing back bets for Federal Reserve rate cuts.
News
June 06, 2024
Drilling operations have been completed safely and successfully, with the well drilled to a total depth of 10,290 feet (measured depth). Zephyr’s operations team is now preparing to set a production liner across the Cane Creek reservoir section, after which the Helmerich & Payne Rig 257 will rig down and demobilise from the site.
News
June 05, 2024
Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released new research that analyzes which oil and gas plays show the greatest rate of increase in drilling speeds and whether well costs correlate with drilling speeds. In addition, the report looks at how well designs are affecting drilling efficiencies.
News
June 04, 2024
Drilling will shortly commence on the final section of the State 36-2R well.  The objective for this short section is to land the well safely within the Cane Creek reservoir and drill the remaining 320 ft to intersect both the reservoir and the productive natural fracture system encountered by the original well.
News
June 03, 2024
After opening the well, Zion will implement cutting-edge technologies and innovative stimulation techniques on the MJ-01 well to potentially unlock oil and gas flows in both previously and newly identified zones of interest.
News
June 02, 2024
Surge has now identified the potential for up to 100 multi-lateral drilling locations at Hope Valley. Surge's technical interpretation of its recent 46 square kilometer 3-D seismic program has allowed the company to de-risk these future drilling locations in Hope Valley.
Article
May 2024
A unique collaborative approach to completions management demonstrates how working from a different perspective can optimize operational efficiency and improve well economics.
News
May 29, 2024
APT expects to produce 40 MMcfd in the first year of production and to increase that to 140 MMcfd within a few years’ time, according to a Gas Sales Agreement signed with the Tanzanian Petroleum Development Corporation (TPDC) earlier this year. Such volumes will increase Tanzanian natural gas production significantly.
Article
May 2024
Far too many companies are seemingly holding back on utilizing horizontal wells to access Enhanced Geothermal Systems and risk missing a golden opportunity to extract heat from the Earth’s crust.
News
May 28, 2024
Following comprehensive evaluation of the well data, including wireline logs, cuttings and gas data, preliminary interpretations confirm the presence of reservoirs over an interval of approximately 200 m gross thickness, corresponding to the pre-drill targets.
News
May 27, 2024
The well remains on schedule to begin drilling in June 2024 and is targeting 163 MMbbl of unrisked prospective oil resources or 843 Bcf of unrisked prospective natural gas resources based on the most recent prospective resources report.
News
May 23, 2024
Baker Hughes’ awarded scope includes the supply of 20 compression trains based on Frame 5 gas turbine and BCL compressor technology, which will be installed across three gas boosting stations within the Hassi R’ Mel natural gas field.
News
May 23, 2024
President Javier Milei, who’s just months into a four-year term, pledges to go where no Argentine leader has successfully ventured for three decades by deregulating the country’s tightly controlled economy. But his signature legislation, which would stamp his libertarian vision on the economy — including free oil markets — still needs to win approval in congress.
News
May 21, 2024
APA Corporation announced the sale of non-core producing properties by Apache Corporation in two separate transactions for over $700 million. Combined, the properties represent estimated net production in the first-quarter 2024 of 13,000 boed, of which just over one-third is oil.
News
May 20, 2024
The Dartois target has Best Estimate recoverable prospective resources of 12 Bcf, Chariot said in an online statement. Chariot is also testing an independent prospect targeting a different trapping style to the Gaufrette prospect drilled by the RZK-1 well
News
May 16, 2024
In a unique state-university-industry collaboration, Dow, the State of Wyoming and the University of Wyoming have come together to enhance oil well productivity and recovery from existing fields and wells in Wyoming.
News
May 15, 2024
Key highlights of the contract include a test deployment of PetroVisor’s Electric Submersible Pump (ESP) app for one producing asset, showcasing Datagration's machine learning-enabled ESP data analytics solution.
News
May 14, 2024
Production, which began on May 6, 2024, with 6,000 bpd, is expected to be ramped up to 40,000 bpd by May 27th, 2024.
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