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(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
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. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada. Ron holds a B.Sc.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. The Company also owns non-operated interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). ANPG is Angolas national concessionaire and regulator.
(World Oil) – Utilizing scientific and engineering analysis, the Railroad Commission of Texas has issued new guidelines that further strengthen permitting of disposal wells in the Permian basin. The new SWD permitting guidelines in the Permian basin go into effect on June 1.
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.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations.
existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5 mboe/d) Approximately 16.1
The Program Area consists of counties located in theWilliston Basin, although both parties may consider opportunities in otherRocky Mountainbasins upon mutual consent. The Transaction contemplated by the Agreement positions Zephyr to capitalise on a robust pipeline of opportunities across theWilliston Basin.
But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. According to a survey of oil companies by the Federal Reserve Bank of Dallas, this break-even point is around $61 per barrel in the Midland Basin, the heart of the Permian, and $65 for the region as a whole.
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. The Company also owns non-operated interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.
He is a proven and disciplined dealmaker who brought Ecopetrol into the unconventional Permian basin in the U.S. He is a proven and disciplined dealmaker who brought Ecopetrol into the unconventional Permian basin in the U.S. in partnership with Oxy a project that grew from 0 to ca. and the U.K.,
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the Zephyr’s flagship asset is an operated 46,000-acre leaseholding located in theParadox Basin,Utah.
About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana , where the Company holds petroleum licences comprising ~8 million contiguous acres.
Diamondback Energy, a bellwether in the Permian Basin, has already pulled back. shale growth but also the economic engine of oil-heavy states like Texas. Weve done an incredible job becoming the worlds largest oil producer, a Texas-based E&P exec said. unconventional production is shut down, warned one top analyst.
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.
AI is revolutionizing reservoir engineering, and it’s happening right now. Gone are the days when AI was just theoretical; today’s engineers use it to analyze complex data, optimize well planning, and make smarter decisions faster than ever. Building and refining type curves across an asset or basin can take weeks.
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?
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