Onshore
News
April 11, 2025
The number of U.S. rigs drilling for crude fell by nine to 480 this week, the biggest drop since June 2023. Domestic oil prices have been hovering around the low $60s-a-barrel, below levels that energy executives have said they need to make new drilling profitable.
News
April 09, 2025
The market rout sparked by President Donald Trump’s trade war is touching almost every part of the economy. But there are probably few industries feeling more aggrieved right now than U.S. shale oil.
News
April 08, 2025
The sudden plunge in oil prices begs the question, what if WTI prices go as low as $50 per barrel? At that level, U.S. Lower 48 onshore crude oil production could decline by more than 1 million bpd over 12 months, according to S&P Global Commodity Insights.
News
April 07, 2025
A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a U.S. oil boss.
Article
March 2025
In December 2024, CNX Resources Corp. acquired Apex Energy for $505 million to expand their Marcellus and Utica shales foothold. However, private producers in the U.S. shale sector, in general, have been divesting assets at a fast clip, with 2024 setting a record at $40.7 billion in divestitures and acquisitions.
News
April 04, 2025
The Railroad Commission of Texas on Friday released its figures for March drilling in the state, showing a noticeable gain over the previous month’s number. The overall figure also tied the level achieved in January.
News
April 03, 2025
TIPRO has published a new report highlighting the continued success of oil and natural gas producers in the U.S., Permian basin and Texas in maintaining low emissions despite record oil and gas production levels. The report is part of TIPRO's "Texans for Natural Gas" campaign.
News
April 02, 2025
Chevron Corp., YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region. The pipeline is seen as integral to starting production from several fields.
News
April 01, 2025
Sinopec announced the discovery of over 140 million tonnes (MMt) of proven reserves of shale oil at its Shengli Oilfield in East China. This is the first shale oil field with proven reserves of over 100 MMt to be certified by China's Ministry of Natural Resources.
News
March 19, 2025
Citadel has agreed to buy assets from closely held Paloma Natural Gas in a deal valued at about $1 billion, people familiar with the matter said. The acquisition gives the hedge fund access to acreage and producing assets, though it will not operate them directly.
News
March 18, 2025
Malaysia’s Petronas is evaluating a sale of its shale oil asset in Argentina, a move that would complete its exit from the country’s booming Vaca Muerta fields as several international drillers also look to divest from the region.
News
March 13, 2025
(WO) - With the general sense of excitement about U.S. production carrying over from panels earlier in the week, ExxonMobil’s panel on operations in the Permian basin convened with great enthusiasm during day three of CERAWeek 2025 by S&P Global.
News
March 07, 2025
Caterpillar Oil & Gas has developed its new Caterpillar® Gas Mechanical System (GMS), a fully integrated power solution, purposefully built to bring optimum mechanical efficiency and simplicity to frac operations, while utilizing 100% natural gas.
News
February 20, 2025
Wood has been awarded a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) and subsea and integrity management to onshore and offshore assets across the UK.
News
February 20, 2025
Ecopetrol SA sees “great potential” for E&P activity in Colombia alongside bets on U.S. fracing and offshore gas. Ecopetrol has full ownership of the CPO-09 block in Colombia's oil-rich eastern plains after completing its $452 million acquisition of Repsol SA’s 45% stake.
News
February 18, 2025
Zion Oil & Gas announced a significant operational milestone as work resumes on the recompletion of the Megiddo-Jezreel 1 (MJ-01) well in Israel. This marks a crucial phase in Zion’s ongoing efforts to unlock Israel’s onshore energy potential.
News
February 10, 2025
Petro-Victory Energy has signed a sales & purchase agreement (SPA) in 50/50 partnership with Azevedo & Travassos Petroleo (ATO) for 13 oil fields located in the Potiguar Basin, onshore Brazil, from seller Brava Energia.
News
February 07, 2025
Falcon Oil & Gas announced the completion the Shenandoah S2-2H ST1 stimulation in the Beetaloo Sub-basin, Northern Territory, Australia with joint venture partner, Tamboran.
News
February 06, 2025
(Bloomberg) – Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the U.S., citing his government’s position against fracing, which he says is destructive to nature and humanity.
Article
January 2025
The Cane Creek play has unconventional tight oil potential but presents drilling challenges. This article revisits its viability in modern horizontal drilling techniques and proposes a redefined approach to hydraulic fracturing that prioritizes detailed characterization of stress states and fracture dynamics.
Article
January 2025
Existing methods for perforation or cluster-level production monitoring are often challenging, intrusive and costly. This case study outlines a novel flow monitoring technique and modified perforating system, which maintains similar performance to conventional systems without tracers, while also eliminating additional handling and regulatory burdens.
