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(World Oil) – Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations in Guyana’s Stabroek block.
These acquisitions will give the Anadarko Basin-centered independent producer its first significant footholds in the Permian and San Juan basins, through the purchase of assets from Sabinal Energy and entities managed by IKAV Energy. Mach Natural Resources has signed two definitive agreements totaling $1.3
Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. These operators collectively reflect the basin’s evolution toward capital discipline, lateral length optimization, and refrac innovation. oil production, delivering approximately 1.2–1.3
The industry’s obsession with single-basin studies isn’t just limiting our understanding, it might be actively misleading us about what drives production. When More Data Makes Things Worse Here’s the uncomfortable truth: traditional machine learning approaches in unconventional oil and gas are fundamentally broken.
Dallas-based Peregrine Energy Partners said last week it acquired producing and non-producing oil and gas minerals and royalties in six states, including Texas and New Mexico. The Texas and New Mexico assets included more than 400 net mineral acres in Delaware Basin.
Denver-based Tejon Treating and Carbon Solutions said recently it completed Phase II expansion of its Mongoose amine treating plant and gas gathering network to accommodate rising production of sour gas. He said the expansion “reflects the strong need for reliable sour gas gathering and treating infrastructure in this region.”
enhancing its footprint in New Mexico’s northern Delaware Basin. The company is already in active trade talks with every relevant Delaware Basin operator , aiming to optimize both legacy and new assets. Permian Resources Corp. (PR) PR) has announced a $608 million bolt-on acquisition from APA Corp.
Operators increasingly turn to emerging basins both domestically and internationally, yet production forecasting in these frontier areas remains severely constrained by limited well control and production history. This blog post is based on the technical paper “Can Transfer Learning Be Used to Forecast Production in Frontier Basins?
In the dynamic and demanding world of natural gas processing, the pursuit of efficiency is relentless. In the practical world of gas processing, however, it is a workhorse—a reliable and efficient method for chilling a gas stream simply by reducing its pressure.
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Liquids” includes crude oil and NGLs.
Let’s take a closer look at this remarkable chapter in global industrial history and the foundational role it played in shaping the modern oil and gas industry. The 1846 Breakthrough: Bibi Heybat Well In 1846, long before the American oil boom, the world’s first mechanically drilled oil well was completed at Bibi Heybat, just south of Baku.
producers slowing their drilling and completion activity this year. production this year from previous forecast appeared first on Permian Basin Oil and Gas Magazine. Energy Information Administration reduced its forecast for crude oil production this year. As a result, we forecast U.S. million b/d by 2026Q4.
oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in natural gas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The highly prospective, gas-charged fault block associated with the company’s flagship Kiskunhalas Trough asset extends southwest into the KCA.
(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., New Era Helium, Inc. Will Gray II, CEO of New Era Helium, Inc.,
Whitecap Resources and Veren have completed a CA$15 billion (US$10.43 The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. Gas production equaled 106,000 boe/d, led by Strathcona Resources Ltd.,
oilfield services sector through technology, disciplined capital allocation, and a sharp eye on future natural gas demand. Oil & Gas Drilling Engineer Directory – $25 Buy List Now Includes: Account, Contact Name, Email, Location…. Stable Gas, Cautious Oil Rig activity mirrored broader market caution. The average U.S.
Natural Gas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS ADNOC's XRG Targets 20-25 MMtpa Gas Portfolio by 2035 by Jov Onsat | Rigzone Staff | Tuesday, June 10, 2025 | 4:15 AM EST XRG set a goal of building a top-five integrated gas and LNG business with a capacity of 20-25 MMtpa by 2035.
Over the past decade, we’ve seen techniques like Simul-Frac and Triple Frac become standard tools to accelerate completions. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. But now, Chevron is taking the next step—not just in how fast we frac, but in how smartly we do it.
The first quarter of 2025 has seen a remarkable surge in oil and gas mergers and acquisitions (M&A) within the upstream oil and gas sector, with transactions totaling $17 billion. Smaller deals are still occurring, particularly in conventional plays and areas outside major basins. Check out this free Enverus PRISM® tour!
From the Permian Basin to the Gulf Coast, companies are pushing the boundaries of efficiency, reliability, and environmental responsibility. At the very heart of this progress lies a critical, often overlooked process: fuel gas conditioning. For fuel gas conditioning, three primary forces are compelling the industry to innovate.
The unconventional oil and gas industry has reached a critical inflection point where the delicate balance between well density and ultimate recovery determines long-term field economics. The paper was presented at URTeC 2025. Download the full paper here. and formations with lower clay content below 15%.
Rising Service Costs : Inflation and supply chain pressures continue to push up the cost of drilling and completions. Impacts on the Permian Basin The Permian Basin , which includes the Midland sub-basin in West Texas, remains the most active U.S.
The Dallas-based independent energy company delivered exceptional performance across both its upstream and midstream segments, reaffirming its position as a leading player in the Delaware Basin. Oil & Gas Operator Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
(Oxy) is expanding its footprint in Gaines County, Texas, with the planned addition of a mud plant adjacent to its existing Seminole Gas Processing Plant. Oil & Gas Facility Engineer Contact List – $25 Buy Now Includes: Account, Contact Name, Email, Location… What Is a Mud Plant?
(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025 , featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown.
Haynesville Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. Production footprint : Aethon is one of the largest privately held gas producers in Haynesville, with ~ 2 billion cubic feet/day output. upstream gas.
In May, the company reported that Megrez-1 produced over 2,000 barrels per day of liquids—but no meaningful oil or gas. In addition to the primary Ahpun Topset target, Dubhe-1 will test three additional zones and may undergo a lateral completion and long-term flow test to confirm oil deliverability and gas quality.
Based on recent announcements, rig activity, and executive commentary, here are the Top 5 Priorities Chevron is expected to focus on for the rest of 2025 : US Oil & Gas Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled… 1. natural gas exports as critical to long-term energy security.
onshore subsidiary of BP is doubling down on capital-efficient growth in the Permian and Eagle Ford basins while positioning itself to capture upside from strengthening gas markets in Haynesville. US Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled….
Houston-based Northwind Midstream Partners said recently it received approval from New Mexico Oil Conservation Commission for an additional acid gas injection (AGI) and carbon sequestration well at its Titan treating complex in Lea County, N.M. And Northwind has expanded its natural gas gathering and compression network in Lea County.
New well permit activity in the Permian Basin is showing signs of a notable pullback in 2025. Permian Resources Minor activity reduction; fewer well completions planned due to capex discipline. Investors, service companies, and mineral owners should watch closely for activity shifts, particularly in the Delaware and Midland sub-basins.
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown.
Excited to share a major milestone from one of the Permian Basin’s top operators— ConocoPhillips has brought its Zia Hills Central Facility 2 (CF2) online in the Delaware Basin. Hal Mead , Asset Manager: Project completed on time, under budget, with no injuries.
natural gas sector. Appalachian Basin Operator Account Directory – $10 Purchase Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. Bcf of Remediated Mine Gas (RMG), and expects to process 17–18 Bcf of RMG in 2025. With NYMEX gas at $3.59/MMBtu,
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel.
Our Booth: The Power of Proprietary Data If there’s one universal truth in oil and gas, it’s that quality data wins every time. Visitors to Booth #2927 were immediately drawn to the Novi Data Network, particularly excited about our new completions data and proprietary petrophysics capabilities. UT Permian Basin; 2.
Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. Several major basins, including the Permian and Eagle Ford, recorded new lows. Baker Hughes reclassified 8–10 rigs in Marcellus/Utica (gas vs. oil), with historical totals unchanged. Here is a summary of the U.S. Here is a summary of the U.S.
has finalized its acquisition of Montney Basin oil and gas assets from Strathcona Resources Ltd. The newly acquired assets are evenly split between oil and natural gas production and are expected to contribute approximately 37,000 BOE/D to ARC’s output for the remainder of the year. ARC Resources Ltd. billion (US$1.18
With the Permian Basin at the heart of its strategy, APA continues to evolve in response to shifting commodity markets and investor demands for returns over volume. Permian-Focused Capital Discipline and Efficiency APA is doubling down on capital efficiency in the Permian Basin, which now accounts for over 75% of its adjusted production.
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. On April 1, Atlanta, Ga.-based acquired Pintail Alternative Energy, aka Pintail Completions, aka Pintail Wireline. It’s been a momentous 2025 for the wireline niche.
As we approach the second half of 2025, EOG Resources (NYSE: EOG) is positioning itself for another year of resilient performance through disciplined capital allocation, basin diversification, and continued operational innovation. net acres via the Encino acquisition—poised for gas and liquids-rich returns.
s Westcoast natural gas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The deal marks Enbridge’s fourth equity partnership with Indigenous groups, and its first involving a natural gas pipeline.
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