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Hart Energy reported recently that Fort Worth-based Blackbeard Operating is leading a horizontal drilling resurgence in Central Basin platform, “a legacy oil basin that’s drawing industry attention once again.” Blackbeard has drilled more than 225 horizontal wells since 2021Q2.
exceeded those from OPEC for the first time in 2014 and have every year since. oil imports from OPEC decline while imports from Canada nearly doubles appeared first on Permian Basin Oil and Gas Magazine. EIA said total crude oil and petroleum imports from Canada to U.S. EIA said July 7 nearly all crude oil used by U.S. The post U.S.
The four leases were granted by two surface owners, the Colliers, between 2005 and 2014, and COG drilled 72 horizontal wells that generated nearly 52 million barrels of produced water. The post Texas Supreme Court rules produced water belongs to mineral lessee appeared first on Permian Basin Oil and Gas Magazine.
Spain’s Repsol in January resumed exploration in the Marzuq basin, joining a growing cadre of producers who’re returning to Libya after a 10-year hiatus. Eni, OMV and bp Plc also restarted drilling last year, ending a pause in place since 2014. The development of its north Jalo field alone would add 100,000 barrels.
The pipeline is designed to supply ~2 Bcf/d of natural gas from northeastern B.C. to the Ksi Lisims LNG export terminal proposed near Pearse Island on the West Coast. regulator appeared first on Oil Gas Leads.
23 âLaw 22/1973, of July 21, on Mines,â Official State Gazette, Spain (BoletÃn Oficial del Estado, BOE), October 17, 2014. The primary storage regions are in the Lusitanian Basin, encompassing the Aveiro and Coimbra clusters, which together emit approximately 7 Mtpa CO 2. Mtpa of CO 2 storage.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (“UK MAR”). basins; A US$100 million commitment from a major U.S. basins; A US$100 million commitment from a major U.S.-based
Perhaps all four are at work today in the wireline industry in the Permian Basin, but certainly the fourth factor—consolidation—is making itself felt. Pintail is headquartered in Midland and is a leading provider of wireline services in the Permian Basin. It’s been a momentous 2025 for the wireline niche. on April 15.
He joined the company in 2014 as VP of Technology and Development. www.petrie.com Vitesse Energy Vitesse is a Denver-based company focused on returning capital to stockholders through owning and acquiring predominantly non-operated working interests in oil and gas properties in the Williston Basin of North Dakota and Montana.
Spain’s Repsol in January resumed exploration in the Marzuq basin, joining a growing cadre of producers who’re returning to Libya after a 10-year hiatus. Eni, OMV and BP Plc also restarted drilling last year, ending a pause in place since 2014. The development of its north Jalo field alone would add 100,000 barrels.
shale market aggressively in the early 2010s, acquiring key positions in the Eagle Ford , Haynesville , and Permian basins. Background: From BHP Billiton Petroleum to BPX The MCCARN site was originally operated by BHP Billiton Petroleum TXLA Operating Company , a regional arm of BHP Billiton’s U.S. onshore oil and gas division. billion.
Besides its scale, Viper is differentiated by the quality of its asset base with a concentration in the Permian Basin, by a significant margin the largest and most economic U.S. The company was previously focused on the Midland Basin and particularly on interests operated by Diamondback. shale play.
Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. It is also the basin that keeps giving with operators consistently adding locations by testing new zones of the prolific basins stacked pay, said Dittmar.
Targeting this area provided for a significantly less expensive acquisition cost for undeveloped locations than what could be found in the Permian while also getting a much less developed asset than what would be available at scale in areas like the Eagle Ford and Williston Basin.
We are thrilled to announce thatJeff Loskorn, a senior reservoir engineer with our firm since 2014, has been named a Partner at Cawley, Gillespie & Associates. Jeff has extensive experience evaluating conventional and unconventional resources in every major basin in the United States, with a particular focus on the Permian Basin.
Diamondback Energy, a bellwether in the Permian Basin, has already pulled back. This looks a lot like 2014 all over again, said an energy strategist. To balance the market, oil prices may need to drop to a point where U.S. unconventional production is shut down, warned one top analyst. Diamondback Cuts Whos Next?
Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. It is also the basin that keeps giving with operators consistently adding locations by testing new zones of the prolific basins stacked pay, said Dittmar.
Bedrocks Low-Cost Operating Strategy Founded in 2017, Bedrock Energy Partners focuses on acquiring and enhancing mature oil and gas properties, particularly in the Barnett Shale and other established basins. The site is accessible via a series of dirt roads extending approximately 1.6 miles from the highway.
While the NDA’s methods were undoubtedly questionable, the rise in militant activity in the Delta coincided with the 2014 oil price collapse which plunged Nigeria into a recession. While bumpy, this road has since 2014 led to a marked drop in attacks on oil infrastructure in the Delta. on frontier and inland basin projects.
At the end of 2012 he became chief operating officer, then president in 2014, and CEO in 2017. The post A Believer in This Business appeared first on Permian Basin Oil and Gas Magazine. After that, Miller spent 2011 and 2012 in Dubai as head of business development, while the family remained stateside.
For every barrel of oil extracted in the Permian Basin, one report estimates that operators typically generate between 4-10 barrels of produced water—resulting in an estimated 3.9 In the vast expanse of Texas oil fields, a critical but often overlooked challenge lies beneath the surface: produced water management.
On May 19th, 2014, NIOSH posted a Science blog titled Reports of Worker Fatalities during Flowback Operations. The four workers were employed in the Williston Basin of North Dakota and Montana. The four workers were employed in the Williston Basin of North Dakota and Montana. Since the
JULY Energy Transfer Completed its Acquisition of WTG Midstream Holdings Energy Transfers completion of its acquisition of WTG Midstream added approximately 6,000 miles of gas-gathering pipelines that extend Energy Transfers network in the Midland Basin. Bcf/d, and two additional processing plants that are under construction.
Delaware Basin Resources LLC , 08-20-00060-CV, the Court of Appeals for the Eighth District of Texas (El Paso) recently held oral argument on the proper construction of the word “and” used in a Delaware Basin oil and gas lease. In Tier 1 Resources Partners et al. described as follows: Section 6. and Section 2.”
Delaware Basin Resources LLC , 08-20-00060-CV, the Court of Appeals for the Eighth District of Texas (El Paso) recently held oral argument on the proper construction of the word “and” used in a Delaware Basin oil and gas lease. In Tier 1 Resources Partners et al. described as follows: Section 6. and Section 2.”
The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S. Weve never been in a position before where we were on the back-half of the inventory story of a burning basin, Novi Labs head of research Brandon Myers said. (BOE Report) – U.S. TAPPED OUT?
Available fiscal terms, however, reflect the boom conditions between 2003 and 2014 rather than current market conditions. And yet there has been a dramatic under-investment in reliable energy exploration & development since 2014. 360 billion - much of it in existing properties and basins of super-majors and National Oil Companies.
Kentucky enacted an effective statewide ban on new wind construction in 2014. The post Towns and States Dont Want Green Energy appeared first on Permian Basin Oil and Gas Magazine. The opposition to wind and solar has been growing for more than a decade and recently accelerating.
The Permian Basin saw the largest decline, losing three rigs and dropping to 297, the lowest level since February 2022. Geology and water say were close Summary : Some Permian Basin areas have hit geological limits, with the gas-to-oil ratio rising from 34% in 2014 to 40% in 2024, signaling production constraints.
Double Eagle controls over 95,000 net acres in the Midland Basin portion of the Permian Basin, making it one of the largest private equity holdings in the region. This move follows Diamondback’s recent $26 billion acquisition of Endeavor Energy Resources, reflecting its strategy to expand its presence in the Permian Basin.
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