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Rhino Resources, the operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in Orange Basin, offshore Namibia
ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. It complements ReconAfricas activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2
(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.
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.
Brazilian state-run oil and gas company Petrobras has identified the presence of hydrocarbons in the Campos Basin pre-salt, in an exploratory well of Norte de Brava block
Vaquero Midstream is ramping up its capabilities in the Southern Delaware Basin with two major infrastructure projects: a new 70-mile, 24-inch high-pressure pipeline loop and a 200 MMcf/d cryogenic processing plant near the Waha Hub.
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.
The start of 2025 brought noticeable shifts in drilling and permit activity in the Midland Basin oil and gas sector. Midland Basin Drilling Activity Compared Top Operators in 2025Q1 Midland Basin Despite the downturn, several key players remained active: XTO Energy Inc. A look at Q1 2024 versus Q1 2025 reveals a 21.4%
Eco (Atlantic) Oil & Gas, an Atlantic Margin-focused oil and gas exploration company, has moved forward in the process of formalizing the operatorship of the recently
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 demonstrate resilience and growth as we close out the fourth quarter of 2024. Production Growth Despite Fewer Rigs Oil production in the Permian Basin increased to 6.5 Housing Market: Sales and Prices Climb The Permian Basins housing market showed continued strength in Q4. oil and gas sector.
It covers the basics: geology, petroleum engineering knowledge, 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 calculations.
CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. million barrels per day (bpd) accounting for over 16% of the basins total production. energy production, contributing 6.26.3
One of the most innovative approaches Coterra is utilizing is its ‘row developments’ strategy , particularly in the Permian Basin. Coterra’s operations in the Permian Basin leverage their highly contiguous acreage position to implement sizable and highly efficient projects known as row developments.
Australian oil and gas company Woodside Energy has decided not to exercise its option for the farm-in to the PEL 87 block offshore Namibia, operated by Pancontinental Energys subsidiary
The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year.
The Permian Basin is seeing output contraction and rig pullback despite being the top U.S. million bpd ( from 6.57 million bpd in March) Macro Commentary This marks the third consecutive weekly decline in rig activity, driven by oil price pressures and a strategic shift by operators toward shareholder returns over production growth.
Petrobras has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block, offshore Brazil
Permian Basin Dominance The majority of drilling is concentrated in the Permian Basin , reinforcing its position as the most active oil and gas play in the U.S. Most Active Rigs H&P 329, H&P 519, and H&P 313 lead in total wells drilled, showing high utilization of these rigs.
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.
XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galps 10% interest in the Area 4 concession in Mozambique's Rovuma Basin
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 Permian Basin, in particular, saw a notable drop, reaching its lowest rig total since February 2022. While Oklahoma, New Mexico, and several other key states held steady in drilling activity, the national rig count dipped againdriven largely by a sharp decline in natural gas rigs.
Eni has started gas production from the Merakes East field in the Kutei Basin offshore Indonesia, the Italian energy group said on Tuesday in a statement.The field is part of the East Sepinggan block
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.
Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings
(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. www.vitesse-vts.com
Despite reducing its full-year capital expenditure guidance by $200 million and cutting domestic operating costs by $150 million in Q1 2025, Oxy continues to maintain and even expand its drilling footprint in the Permian Basin. Permit Growth Defies Budget Cuts H1 2024 Permits : 316 H1 2025 Permits (actual + forecast) : 387 This marks a 22.5%
You are probably aware that the water problem in the Permian Basin is direit is the desert, after all. Disposal of produced water in the past was largely a matter of just pumping it back down underground, as is seen in the proliferation of SWDs (Salt Water Disposals) that dot the landscape in the Permian Basin. Not even on eBay.
Shell Brasil Petrleo, a subsidiary of Shell, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater oil and gas project in the pre-salt area of the Santos Basin
We are thrilled to announce thatJeff Loskorn, a senior reservoir engineer with our firm since 2014, has been named a Partner at Cawley, Gillespie & Associates. Jeff has extensive experience evaluating conventional and unconventional resources in every major basin in the United States, with a particular focus on the Permian Basin.
Holocene owns liquid, low-temperature direct air capture technology that Occidental said is additive to technology acquired through Carbon Engineering in 2023 for about $1.1 The post Oxy Low Carbon Ventures acquires DAC technology from Holocene Climate appeared first on Permian Basin Oil and Gas Magazine.
Rig Count Drops Again But Production Still Forecast to Rise For the week ending May 16: U.S. bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9
Engineers point to improved fracture predictability as a compelling advantage. Engineering Tradeoffs: Its Not Just About Pumping More While multi-well stimulations offer clear benefits, theyre not plug-and-play. Fewer rig moves, reduced idle equipment, and streamlined logistics mean more wells completed in less time.
(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.
(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. www.vitesse-vts.com
(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. www.vitesse-vts.com
Engineering and Construction : The project was executed on a fast-track basis, with engineering, procurement, and construction services provided by Sargent & Lundy. Pipeline Connectivity : The terminal is connected to the Eagle Ford JV Pipeline, facilitating efficient transportation of crude oil to downstream markets.
The major contracts announced in the African region include Tecnicas Reunidas and Sinopec Engineerings $4 billion new deep conversion oil refinery project in Algerias Hassi Messaoud region and the $1.4 billion Wuhuan Engineering and WeDos ammonia and urea plant project in Angola.
The major contracts announced in the African region include Tecnicas Reunidas and Sinopec Engineerings $4 billion new deep conversion oil refinery project in Algerias Hassi Messaoud region and the $1.4 billion Wuhuan Engineering and WeDos ammonia and urea plant project in Angola.
What Devon Said About Drilling, Rigs, and Completions Devons capital activity in the first quarter averaged 23 operated drilling rigs and 6 completion crews… 136 gross operated wells were placed online, with an average lateral length of 10,700 feet. per Boe, total production cost at $12.42
Petrobras has informed that a Drill Stem Test (DST) in the Sirius-2 well, located in deep waters of the Gujaira Basin offshore Colombia, proved good productivity
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