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in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. At Liberty, he focuses on technology innovation, service quality, efficiency, and optimization. Ron holds a B.Sc.
In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office. Producers last month also paid $227 million to the state in natural gas production taxes, up 26 percent from May 2024. Oil production has jumped this year after hitting a record 13.2
They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. News & World Report and Best Lawyers “Best Law Firms” 2023 survey ranked Haynes Boone in National Tier 1 in Oil & Gas Law.
Vaca Muerta has hit production of over 400,000 barrels per day of oil and some 70 million cubic meters of gas per day. In 2023, Preska awarded $14.4 .” The judgment adds uncertainty to Argentina’s plans to turn Vaca Muerta, the world’s No. 2 shale gas reserve and No. “It should bring in the U.S. dollars the economy lacks.”
This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output.
The presenting company lineup as of June 18, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. News & World Report and Best Lawyers “Best Law Firms” 2023 survey ranked Haynes Boone in National Tier 1 in Oil & Gas Law. London, Mexico City, and Shanghai.
The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.
With Colombias reserves of oil and natural gas falling, and President Gustavo Petro refusing to grant new exploration licenses, Ecopetrol is focused on contracts signed before the environmentalist leader took power in 2022. As we find assets and room to increase exploration and reserves, we will do so gradually, Roa said Tuesday.
The deal increases INEOS Energys production globally to over 90,000 barrels of oil equivalent per day (boed) and marks the third major investment by INEOS Energy in the U.S., mtpa LNG deal completed with Sempra in December 2022 and the acquisition of Chesapeake Energys oil and gas assets in South Texas in May 2023. “The U.S.
As of December 31, 2024, it had 247 wells on production. In addition, as of December 31, 2023, LACh had 280 million barrels of oil equivalent (MMboe) of P1 reserves according to the Argentine Secretary of Energy (at 100% working interest). LACh spans across 46,594 acres in the black oil window of Vaca Muerta.
This contract follows another major contract from Woodside for the Trion development to the SLB OneSubsea joint venture in 2023, which includes subsea horizontal trees, controls and topside equipment. First production is targeted in 2028. Manufacturing is currently on track. Woodside is developing the field in partnership with Pemex.
Although the recent Diamondback deal sets a new benchmark at $7 million per location, exceeding a comparable 2023 Permian deal of OXY’s CrownRock acquisition at $4.8 Although the recent Diamondback deal sets a new benchmark at $7 million per location, exceeding a comparable 2023 Permian deal of OXY’s CrownRock acquisition at $4.8
(Investing) –NEW YORK – Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. In 2023, Vitol sold Vencer to Civitas Resources in a deal worth $2.1 shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said.
In late February, when it made its very unsurprising admission, BP said it would boost spending on oil and gas production by 25% annually while slashing investments in transition-related business by 70%. The important bit, however, is that it will not be reducing this production as it previously intended to do amid its green pivot.
Chris Cornelius announces the following changes, effective March 10th, 2025: Dr. Paul Clarke will be promoted internally to the role of Chief Executive Officer and President from his current role of Vice President of Exploration. From April 2016 to January 2023, he was the Vice President of Corporate Development for TAG Oil Ltd.,
This field alone now produces over 6 million barrels per day, nearly half of the nations current production and more than the entire country produced before the technological revolution. On average, production drops by more than two-thirds after one year and 95% after six years. crude production was beginning to plateau.
The presenting company lineup as of May 21, 2025, includes: Advantage Energy (TSX: AAVVF) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. News & World Report and Best Lawyers Best Law Firms 2023 survey ranked Haynes Boone in National Tier 1 in Oil & Gas Law. London, Mexico City, and Shanghai.
The companys 2023/24 proprietary 3D seismic program was fully utilized in the preparation of the report and integrates three legacy wells; the dataset provides open-hole logs, core and gas test/production data. is a Canadian-based exploration and production company specializing in tight gas development.
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.
Image by Leonid Andronov via iStock Malaysia’s national oil and gas company has expanded its footprint in Suriname with the signing of a production sharing contract (PSC) for a deepwater block next to several discoveries. Petroliam Nasional Bhd.’s square miles). Paradise Oil Co.
They will need to upskill the workforce, adapt the technology infrastructure, accelerate data productization, and deploy agent-specific governance mechanisms. QuantumBlack combines an industry-leading tech stack with the strength of McKinseyâs 7,000 technologists, designers, and product managers serving clients in more than 50 countries.
Vertice management said that the acquisition enhances Vertices’ ability “to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets.” They do cased hole work, both vertical and horizontal production.
The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.
Occidental and ADNOC have been discussing opportunities to collaborate on carbon capture, utilization and storage projects in the United States and UAE since signing a memorandum of understanding in 2023. Gulf Coast, where CO 2 can be transported for use or securely stored in geologic formations.
(World Oil) –The RRCs long history of common sense, science-based regulation of the oil and gas industry has safeguarded Texas communities and the environment while also fostering responsible production benefitting the state economy and Americas energy independence.
Calgary-based Suncors financial performance which three years ago significantly lagged that of its peers has dramatically improved under the leadership of Kruger, who was hired in 2023 to turn the companys fortunes around. The company reported first-quarter profit of C$1.7 billion, or C$1.31
In Alaskas north, ConocoPhillips is developing the Willow oil project, which was approved by the Biden Administration in 2023. The Trump Administration is looking to boost oil and gas exploration and production in Alaska.
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