Oil & Gas 360º

APRIL 23, 2025

By the end of the period, all wells had been successfully completed, equipped and tied-in, with IP30 rates available on the majority of wells brought on production. Should the WTI benchmark oil price fall to US$50/bbl, Saturns hedge book provides significant protection, having a cash value of over $160 million at that level.

Gas

Oil & Gas 360º

MARCH 10, 2025

The combined company will be led by Whitecap’s existing management team under the Whitecap name with four Veren directors to join the Whitecap Board of Directors, including the current President & CEO of Veren, Craig Bryksa. Under the terms of the Agreement, Veren shareholders will receive 1.05 billion 1.

Exploration and Production

Oil Gas Leads

MAY 5, 2025

crude price differential has narrowed to under $10/bbl Alberta gains ~$740M in revenue for every $1 improvement in the differential Will this Crown-owned asset pay off? Despite the cost overruns, there are real wins: Half the volumes are headed to Asia, diversifying markets Alberta production hit records in Q1 The CanadaU.S.

Pipeline

Iraq Business News: Oil & Gas

MARCH 18, 2025

Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 Tawke production currently realises only around $35/bbl, which is well below relevant reference benchmark oil prices. EBITDAX1 1.1 EBITDAX1 1.1

Energy

Rig Skills

MAY 26, 2020

Spurt losses Seepage losses Partial losses Severe losses Complete losses. Seepage losses These are down hole losses ranging from 2 to 10 bbl per hour. Partial losses are easy to manage as drilling rig mud system mixing hopper is capable to build up more mud to continue drilling. Higher the permeability more will be spurt losses.

Drilling Mud

Egypt Oil & Gas

MARCH 25, 2025

Among the most prominent of these discoveries are the West Fewebs-1X well with a production capacity of 6,400 barrels of oil per day (bbl/d) and 25.5 Additionally, 51 recompletion operations will be carried out, along with the completion of 11 exploratory wells.

Petroleum

Oil Gas Leads

MAY 28, 2025

The strategy focuses on: Capital discipline Optionality in completions Free cash flow preservation If oil prices fall below $55/bbl , SM may pause completions (the costliest phase), preserving capital while maintaining the ability to ramp up when market conditions improve. days April 9, 2025 Rig 45 Latshaw 24 wells 17.0

Spud-in

Oil Gas Leads

MAY 15, 2025

Efficiency gains in drilling and completions werent one-off miraclesthey were earned through years of uninterrupted execution. Sub-$40 Inventory Is a Strategic AdvantageIf You Use It Many top operators hold decades of drilling inventory with breakevens under $40/bbl. Our estimate is a ~1% impact on shale well cost manageable.

Gas

Oil Gas Leads

MAY 11, 2025

Darren Woods, ExxonMobil CEO Chevron has adopted a similar mindset, linking cost reductions with strategic portfolio management: Weve targeted $23 billion in structural cost savings to be delivered by the end of next year. Mike Wirth, Chevron CEO Wood Mac data shows that weve got the lowest upstream breakeven in the industry. per well.

Sustainable

Rextag

FEBRUARY 24, 2025

In 2024, Ecopetrol invested $880 million into drilling new wells, with 91 wells planned for completion in 2025. in LNG infrastructure expansion, with several new projects advancing toward completion in 2025. Louisiana led the U.S. Malo fields , increasing ultra-deepwater oil recovery in the Gulf. production.

Basin