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EOG Resources Acquires Encino for $5.6B, Expands Premier Utica Shale Position

Rextag

Post-acquisition, EOG becomes one of the largest producers in the Utica, with pro forma daily production of 275,000 Boe. “This acquisition creates a third foundational play for EOG alongside the Delaware Basin and Eagle Ford, enhancing the quality, scale, and resilience of our multi-basin portfolio,” said Ezra Y.

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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

In addition, certain Directors, management and their affiliates intend to subscribe for 23,333,333 new Ordinary Shares at the Issue Price to raise a further £0.7 Additional management analysis suggests that future, two-mile laterals on the Paradox project will have an estimated P50 individual well performance of 3.6 million gross.

Energy 130
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ExxonMobil Hits 1,000 Wells in the Delaware Basin

Oil Gas Leads

ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin just seven years after the first spud in 2017. Longer Laterals : Successful four-mile laterals at Poker Lake , reducing surface land disturbance and operational footprint.

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Wells Drilled in Texas by Quarter Since 2017: A Window Into the U.S. Shale Factory Model

Oil Gas Leads

Resilience in Planning: The move to predictable drilling schedules improves supply chain management , enhances midstream coordination , and provides investors with greater free cash flow certainty. Shale Factory Model appeared first on Oil Gas Leads.

Basin 52
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Colombia’s GeoPark appoints Felipe Bayon as its new CEO

Oil & Gas 360º

From 2017 to 2023, Mr. Bayon was CEO of Ecopetrol , one of the most important energy groups in Latin America, where he led 18,000 employees, oversaw production of approximately 700,000 boed and revenues of over $30 billion, and delivered record financial, operational, and safety results. and the U.K.,

IT 130
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CanCambria Energy Corp. appoints Eric Vaughan as Vice President of Drilling and Completions, and announces change of Corporate Secretary

Oil & Gas 360º

He has held senior management positions with both service companies and operating companies, contributing to projects at all stages. ” In addition, CanCambria also announces the retirement of the Company’s Corporate Secretary, Margo Peters, who has served in the role since the Companys inception in 2017.

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Where Water Takes Center Stage

Permian Basin Oil and Gas Magazine

The University of Texas Permian Basin’s annual Permian Basin Water in Energy Conference (PBWIEC) will convene March 46, 2025, offering opportunities for innovation, collaboration, and industry recognition. Conferees converse between sessions of the 2024 Permian Basin Water in Energy Conference.

Basin 59