Drilling
News
December 19, 2023
Private oil and natural gas operators are projected to cut their budgets by 4% to an average of $34.4 billion in 2024, according to the 39th annual global spending survey from Barclays PLC.
News
December 18, 2023
Operators are squeezing crude out of new wells more efficiently because of innovations in everything from electric-pump technology to new strategies for deploying workers while fracking wells to minimize downtime.
News
December 15, 2023
Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. energy industry.
News
December 12, 2023
Occidental Petroleum Corp.’s $10.8 billion takeover of CrownRock LP equates to more $50,000 per acre for rights to drill some of the richest oil deposits in the hemisphere, according to data-analysis and research firm Enverus Inc.
News
December 11, 2023
Occidental Petroleum Corp. has agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $12.0 billion, including the assumption of $1.2 billion in debt, as consolidation heats up in North America’s most-prolific oil basin.
News
December 08, 2023
Endeavor Energy, the largest closely-held oil and gas company in the Permian basin, is exploring a sale that could value it between $25 billion and $30 billion, according to Reuters.
News
December 07, 2023
The total includes 588 to drill new oil or gas wells, 5 to re-enter plugged wellbores and 37 for re-completions of existing wellbores.
News
December 07, 2023
Four samples from the Mukuyu-2 well at the Cabora Bassa project showed the presence of natural gas, the company said in a statement.
News
November 24, 2023
Across the U.S., operators added four rigs in the five-day period from Nov. 18 to Nov. 22, according to the Baker Hughes Rotary Rig Count. It was the second week in a row that the total U.S. count increased, with the new total standing at 622.
News
November 24, 2023
On Nov. 15, Sinopec struck sizeable oil and gas flows in the Yuejin 3-3XC well of its Project Deep Earth NO.1 in the Tarim basin, with a daily oil and gas flow of 200 tonnes in liquids and 50,000 cmg.
News
November 20, 2023
(WO) — Ukraine's state-owned Naftogaz’s subsidiary Ukrgasvydobuvannya has uncovered a highly promising gas deposit in the Carpathians, previously believed to be exhausted, the company announced on Nov. 20.
News
November 19, 2023
Drillers in the U.S. shale patch are again trying to rebound from slumping activity, this time expanding the oil rig count by the widest margin in nine months.
News
November 13, 2023
Prospera’s current gross production are 1,100 boed, with 400 boed shut-in to accommodate development, and another 300 boed behind pipe on minor repairs and optimization.
News
November 09, 2023
The total includes 630 to drill new oil or gas wells, 7 to re-enter plugged wellbores and 50 for re-completions of existing wellbores.
News
October 30, 2023
The proposal for managing the National Petroleum Reserve-Alaska has alarmed oil industry advocates who say it would thwart development in a crude-rich region the size of Indiana.
Article
October 2023
Onshore drilling rigs need consistent, reliable power to operate efficiently, but they no longer must rely on diesel generators. A mobile substation that allows a rig to tap into the electrical utility grid provides a straightforward way to reduce reliance on fuel-burning generators, without compromising operational efficiency or productivity.
News
October 23, 2023
Oil drillers have applied for 81 licenses to drill into the so-called Waseca formation so far this year, 30 more than in all of 2022. That’s the biggest increase in any oil and gas formation in the province this year, according to regulatory data.
News
October 20, 2023
The total includes 709 to drill new oil or gas wells, 10 to re-enter plugged wellbores and 80 for re-completions of existing wellbores.
News
October 16, 2023
The A3H well was drilled, cased and cemented to a total measured depth (“TD”) of 3,837 m, including a horizontal section of 1,100 m in the Amungee Member B-shale.
News
October 13, 2023
Pure-play shale drillers will be acquired by larger companies within the next five years amid intensifying financial pressures and demand for drilling targets, Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield said just hours after announcing the $60 billion sale of his company to Exxon Mobil Corp.
News
October 12, 2023
The shale sector is a hotbed of consolidation talk as oil companies compete for the best drilling portfolios in the Permian basin, North America’s biggest source of crude.
