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This dynamic environment presents both challenges and opportunities for small to mid-sized operators. Themes covered: Current M&A activity Challenges for small and mid-sized operators Where are the opportunities? Themes covered: Current M&A activity Challenges for small and mid-sized operators Where are the opportunities?
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., is a next-gen exploration and production platform unlocking the full value of its Permian Basin assets. New Era Helium, Inc.
(World Oil) –Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. As both investors and operators, we continually evaluate opportunities to enhance our portfolio, simplify our business and deliver value for investors.
Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters, amid efforts to reduce the costs and times of fracking at the worlds top shale basin. supermajor, told Reuters in an interview.
(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co.
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. The post Tejon completes Phase II expansion of Mongoose plant in Mitchell County appeared first on Permian Basin Oil and Gas Magazine.
(World Oil) –Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. “We are pleased to get this deal across the finish line with Prairie Operating Co.,”
enhancing its footprint in New Mexico’s northern Delaware Basin. “There really is a lot more beyond just those zones… really good targets,” — Will Hickey, Co-CEO M&A and Trade-Driven Optimization PR sees immediate value in the 4,500 non-op acres acquired, planning to trade into operated interests or form new units.
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. Conclusion: Chevron Is Changing the Game Triple Frac changed the speed of shale.
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. Sources are cited in brackets.
New well permit activity in the Permian Basin is showing signs of a notable pullback in 2025. After several years of strong growth, early indicators point to a more cautious stance from operators heading into the second half of the year. Permian Resources Minor activity reduction; fewer well completions planned due to capex discipline.
Atlanta-based RPC, oil and gas services company, said recently it acquired Pintail Alternative Energy, which does business as Pintail Completions, for $245 million ($170 million cash). The Midland company is a leading provider of oilfield wireline services in the Permian Basin.
(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.
(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin.
This landmark transaction marks the largest single acquisition in the companys 45-year history and significantly expands its total Permian Basin holdings. Credit Facility Concurrent with this acquisition, USEDC completed an increase in the borrowing base and commitments under its syndicated revolving credit facility led by Citibank, N.A.
Horizontal Drilling in Legacy Rock Blackbeard is proving that the Central Basin Platform still holds significant potential. Strategic Takeaways Reinventing Legacy Plays Blackbeard’s YTD well count shows confidence in a basin most considered depleted.
(TSXV: CCEC) (FSE: 4JH) (CanCambria or the Company) today announced the appointment of Eric Vaughan as Vice President of Drilling and Completions, effective immediately. In this role, Mr. Vaughan will lead the operations and execution team for the Companys flagship Kiskunhalas project in Southern Hungary.
Crescent Energy Company has announced the closing of the sale of non-operated Permian Basin assets to a private buyer for US$83 million in cash, subject to customary post-closing purchase price adjustments.
The need to identify and secure quality acreage is more critical than ever for operators, from traditional family businesses to private equity-backed firms and public companies. The market is valuing and rewarding operators who are making the right moves to manage their inventory and remain capital efficient.
Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators.
from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024.
It will be Northwind’s third AGI well to increase the company’s total permitted daily injection capacity to about 37 million standard cfd of total acid gas when completed in 2026. The injection zone of the new well will target the Devonian formation of the northern Delaware Basin.
The permit change finalizes the transition of operational control from APA Corporation —which had previously acquired the asset through Callon Petroleum —to Spirit O&G Operating LLC , led by longtime industry executive Todd Guest. miles on US-87 N, turn right, continue 0.4 miles on US-87 N, turn right, continue 0.4
Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy Value Chain, update investors on their operational and financial strategies, and learn how they create value for stakeholders.
As unconventional oil and gas development matures, operators continue to push the envelope in completion design and execution. Operational Efficiency Meets Fracture Control The immediate appeal of multi-well stimulation is clear: lower operating costs and faster pad execution. But the benefits go beyond cost savings.
Houston-based Plains All American Pipeline said recently it acquired the Permian Basin crude oil gathering system of Black Knight Midstream. Plains also acquired the remaining 50 percent interest in Cheyenne Pipeline in southeast Wyoming and completed a debottlenecking project at a fractionation complex in Edmonton, Canada.
Block I produces about 400 million cubic feet a day of natural gas, according to operator Petroliam Nasional Bhd. In March XRG said it had completed the purchase of Galp Energia SGPS SA’s 10 percent stake in the Area 4 concession in Mozambique’s Rovuma Basin. billion.
The assets, which comprise operations in the Anadarko basin that spans about 300,000 net acres, are expected to fetch a price of more than $1 billion, the sources said, requesting anonymity as the deliberations are confidential. Houston-based ConocoPhillips, which took on about $5.4
(Oil Price) – Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters , amid efforts to reduce the costs and times of fracking at the worlds top shale basin. According to the top U.S.
The Midland Basin Oil Companies Directory is a compiled directory of oil & gas companies operating in West Texas that focus on the Midland Basin, one of the most prolific oil and gas-producing regions in the United States. Purchase Complete Directory – Only $10.00 Account Name Name of the company or entity.
The Delaware Oil Companies Directory is a compiled directory of oil & gas companies operating in the Texas & New Mexico that focus on the Delaware Basin, one of the most prolific oil and gas-producing regions in the United States. Purchase Complete Directory – Only $10.00 Phone Contact phone number.
Houston-based Voyager Interests, private equity firm specializing in energy services and equipment investments, said last week it made a majority investment in Midlands Tejas Completion Services. Tejas provides specialty pumping and related services, including acid and completion chemicals, mixing plant services, and thru-tubing services.
The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. Understanding Air Permits in Oil & Gas Transfers When ownership of an oil and gas facility changes, the new operator must update regulatory permits to reflect the transition. domestic energy production.
Houston-based EOG Resources said recently its 2025 capital program includes steady year-over-year activity levels in Delaware Basin with increased activity in Utica and Dorado plans. We improved productivity and base production performance through innovations in completion design and artificial lift automation. EOG said Feb.
Diversified announced its purchase in January for $1.275 billion (including debt) of Maverick with core assets in Permian Basin, western Anadarko and Ark-La-Tex. The post Diversified completes Maverick purchase, names Rick Gideon as COO appeared first on Permian Basin Oil and Gas Magazine.
continues to refine its operational strategy with a focus on optimizing efficiency and profitability across its core operating regions. One of the most innovative approaches Coterra is utilizing is its ‘row developments’ strategy , particularly in the Permian Basin. Coterra Energy Inc. What Are Row Developments?
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.
Devon Energys fourth quarter 2024 earnings call provided critical insights into the companys ambitious plans for the Delaware Basin, one of its crown jewel assets. Delaware Basin Overview The Delaware Basin continues to be the cornerstone of Devons oil and gas portfolio.
The Permian Basin continues to be a driving force behind U.S. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. oil and gas production, and ONEOK Inc. Bcf/d in 2025.
As an operator decides between 440, 660, or 880 foot spacing, what are the production impacts in each scenario? What about varying completions alongside spacing? Operators have limited tools to forecast these scenarios because of limitations in physical and statistical modeling unique to shale wells. How dense is too dense?
Development of Louisiana LNG will position Woodside to deliver approximately 24 Mtpa from its global LNG portfolio in the 2030s, and operating over 5% of global LNG supply. At full capacity, the foundation project is expected to generate approximately $2 billion of annual net operating cash in the 2030s. billion (100%).
-based capital provider focused in the energy sector (the “Investor”) to fund growth in the Company’s non-operated asset portfolio in theWilliston BasininNorth DakotaandMontana,U.S.(“Transaction”). “Transaction”).
ConocoPhillips provided significant insights into its Permian Basinoperations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. power demand. “At flat activity, we can grow the Lower 48 business.
As consolidators move to acquire acreage in core shale basins, smaller operators are looking for opportunities in underappreciated basins and fringe areas in core basins. An operator seeking to expand into such an area must deal with higher uncertainty, whether through machine learning or any other forecasting method.
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