Onshore
News
April 19, 2024
Under the plan advanced by the Interior Department on Friday, future oil leasing and development is limited across 13 million acres of the 23-million-acre National Petroleum Reserve Alaska designated as “special areas.” And leasing is completely blocked across 10.6 million acres of the reserve.
News
April 18, 2024
The exploration well started at a production rate of 5 MMcfd for 2 hours at a choke 29/128” and a THP of 2290 psi. The choke at the final rate was 36/128” and a THP of 2260 psi. The exploration well continued to produce at a rate of 12 MMcfd over 29 hours with a stabilized THP of 2260 psi.
News
April 18, 2024
In June, 2024, ReconAfrica expects to begin drilling operations at the Naingopo exploration well. The well is targeting 163 MMbbl of unrisked prospective oil resources, or 843 Bcf of unrisked prospective natural gas resources.
News
April 17, 2024
Canada’s Gibson Energy Inc. is betting that swelling oil production in the Permian basin will fuel continued growth in U.S. crude exports, boosting profit from a major Gulf Coast terminal it bought last year for about $1.1 billion.
News
April 16, 2024
The reservoirs will be developed from long horizontal production wells which typically produce at multiples of between 6 to 12 times higher than vertical wells. Project Phoenix also benefits from the ability to produce concurrently from multiple reservoirs in a single development scenario.
News
April 16, 2024
The announcement is the latest salvo in a proxy fight that began when Kimmeridge proposed the merger to SilverBow through a deal it said would value the combined company at $3.6 billion.
News
April 15, 2024
Overall, U.S. shale-oil production is expected to be steady at about 9.86 MMbpd in May, below the record 10 MMbpd seen in December, according to the report. Production from the Permian basin hasn’t completely returned to the December high and is expected to be roughly 6.17 MMbpd next month.
News
April 15, 2024
A total of 50 so-called “zombie” fires still smoldering beneath layers of snow are located near oil and gas wells and other production facilities. Those sites yield natural gas equivalent to about 80,000 bpd of oil in Canada’s energy heartland of Alberta alone, in addition to almost 14,000 bpd of crude.
News
April 15, 2024
Equinor will sell 100% interest in and operatorship of its onshore asset in the Appalachian basin, located in southeastern Ohio, in exchange for 40% of EQT’s non-operated working interest in the Northern Marcellus shale formation in Pennsylvania.
News
April 12, 2024
The changes wouldn’t affect ConocoPhillips’s 600 MMbbl Willow oil project in the National Petroleum Reserve-Alaska. But oil industry leaders say the plan is more expansive than initially anticipated and threatens to make it nearly impossible to build more important projects in the region.
News
April 11, 2024
KCA Deutag has announced the award of $204 million of onshore drilling contracts in Oman, Saudi Arabia, Peru and Bolivia.
News
April 11, 2024
GeoPark Limited has submitted a binding offer to acquire a non-operated Working Interest (WI) in unconventional blocks Argentina’s Neuquen basin in the prolific Vaca Muerta shale region.
News
April 10, 2024
In the SEC filing, SilverBow asserts that a combination between SilverBow and Kimmeridge Texas Gas is not in the best interest of all of its shareholders.
News
April 09, 2024
This Memorandum of Understanding outlines the realization of a work program for the appraisal and development of gas resources in the North-East Timimoun region, in synergy with existing processing facilities for production from the Timimoun natural gas field, to reduce costs and emissions.
News
April 09, 2024
NSAI's best estimates of Kodiak's contingent recoverable resources sum to 1.2 Bbbl of marketable liquids (oil, condensate and natural gas liquids) and 5.4 Tcfg. The new resource represents a 25% increase (963 MMbbl to 1.2 Bbbl) in recoverable marketable liquids compared to NSAI's previous 2023 report.
News
April 08, 2024
the Dorado shale field in the Eagle Ford will allow TotalEnergies to increase its net U.S. natural gas production by 50 MMcfd in 2024, with the potential for an additional 50 MMcfd by 2028.
News
April 05, 2024
Chesapeake Energy Corp.’s $7.4 billion takeover of Southwestern Energy Co. has been delayed until the second half of the year after antitrust regulators demanded more details from the natural gas operators.
News
April 02, 2024
Total flow rates (inclusive of recovery of frac fluid) averaged roughly 600 bpd over the duration of the flow back. Multiple oil samples were recovered with measured oil gravities of between 39.9 to 41.4 API (representing a light crude oil).
News
April 02, 2024
The acquisition will help SLB expand its artificial lift technology, which helps keep output from older wells flowing. SLB has the biggest market share in artificial lift with 21%, and ChampionX will add to that with its 5% of the market, according to Evercore ISI, citing data from industry consultant Spears & Associates.
News
April 01, 2024
The acquisition will bring APA’s daily reported production to approximately 500,000 boe, approximately two-thirds coming from the Permian basin. The acquired assets include approximately 120,000 net acres in the Delaware basin and 25,000 net acres in the Midland Basin.
News
U.S. shale drillers to reduce Permian drilling emissions, increase reliability with nuclear reactors
April 01, 2024
Diamondback, the largest independent producer headquartered in the shale-oil region, has signed a nonbinding letter of intent with Oklo Inc. to deploy small reactors for some of its future power needs, according to Diamondback President Kaes Van’t Hof.
