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Fasken operates wells on the property; the Puig descendants sued Fasken for deducting post-production costs from their royalty. The trial court agreed with Puig, and the court of appeals affirmed, in a well-reasoned opinion relying on the Supreme Court’s opinion in Chesapeake Exploration v. Hyder , 483 S.W.3d 3d 870 (Tex.
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.
(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.
The Placing was undertaken on the back of three key recent catalysts for the Company: The Company delivered a highly successful production test on the State 36-2R well. based oil sector investor (the ‘Investor’) to accelerate growth through the drilling activity in Zephyr’s Williston Basin non-operated asset portfolio.
Agents supercharge operational agility and create new revenue opportunities. That requires an architecture that is modular and resilient and, more importantly, an operating model that centers on humansânot just as users but as co-architects of the systems they will be living and working with.
Growth in the generative AI era looks like a classic case of âtwo steps forward, one step back.â As companies come to grips with the unique complexities of gen AI, initial progress leads to reversals and redos, in some cases threatening to stop development altogether.
An Engineering Technician in the oil and gas industry plays a crucial role in supporting engineers and other professionals in various technical tasks related to the exploration, extraction, and processing of oil and gas. This can include drafting plans for equipment layout, pipeline systems, and other components of oil and gas facilities.
About the research Five- and ten-year automation impact projections are outputs of the McKinsey Global Instituteâs proprietary automation model, which performs a bottom-up assessment of productivity potential by role and task. By 2035, automationâs impact across consumer subsectors could begin to diverge (Exhibit 1).
The newly acquired assets are actively being developed by leading operators, including Chevron and Civitas, who collectively account for more than half the wells spud in 2024. The high-quality operator footprint enhances production visibility and long-term value creation.
Within Exploration & Production, 4Q results brought divergent performance across the group. Several small and mid-cap oil producers posted weak results and soft 2025 (or 1Q) guidance, in some cases due to inventory degradation and operational noise.
Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. There are two primary destinations for PW from onshore operations. Most of this water goes back into the producing formations via injection wells as part of IOR and EOR programs to get more production from ageing fields.
We are excited to execute on this unique opportunity that is immediately accretive to our per-share metrics and meets our strict criteria for acquisitions high quality acreage with exploration upside, competitive with our current inventory, gained at an attractive price, continued Yacob. About EOG Resources EOG Resources, Inc.
An Environmental Specialist in the oil and gas industry plays a crucial role in ensuring that the operations of the industry are carried out in an environmentally responsible and sustainable manner. Waste Management: Oil and gas operations generate various types of waste, including hazardous materials.
This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts. The shared asset scheme enhances supply chain efficiency, enabling operators to access needed components quickly.
In Litel Explorations, LLC v. million dollars in emergency costs from prior operators of an orphaned well. The Court held that, when the LDNR spends monies from the Oilfield Site Restoration Fund on emergencies, it can only recoup those costs from the well’s operator of record and its working interest owners. LLC , 21-0741 (La.
This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts. The shared asset scheme enhances supply chain efficiency, enabling operators to access needed components quickly.
District Court for the Western District of Louisiana held that a unit operator may not recover post-production costs from an unleased mineral owner’s share of production proceeds in Allen Johnson, et al. 30:10 governed whether a unit operator may deduct post-production costs against UMO’s share of production proceeds. [3]
trillion of value by 2035, delivering 20-30% reduction in operating costs and up to 5% decrease in carbon emissions. In this post we explore how this powerful solution delivers both operational excellence and sustainable business outcomes through intelligent energy management.
The installation, completed earlier this year, forms part of Salunda’s growing activity in the Americas deepwater market – where its patented latch monitoring technologies have become a preferred solution for hazardous area monitoring among major operators in the area.
A recent survey by McKinsey and Aviation Week of more than 135 companies found that broader commercial-aviation supply chain respondents were less confident about the business case for a next-generation single-aisle (NGSA) aircraft. It could also be an acknowledgement of the need to reset trust between the players across the value chain.
In this episode of McKinsey Talks Operations , host Daphne Luchtenberg speaks with Roman Belotserkovskiy , a McKinsey partner and global leader of McKinseyâs procurement and supply-management work within the Electric Power & Natural Gas Practice. Youâre listening to McKinsey Talks Operations , and Iâm your host, Daphne Luchtenberg.
(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 Production growth in the most prolific shale play in the United States has been slowing already as production costs climb higher while oil prices slide lower. This will naturally affect drilling, contributing to the overall production growth slowdown.
I went to the first session that explored the history of GenAI and learned about the history of computing. Carbon Innovation: Explore groundbreaking decarbonization technologies driving the future of energy. Asset Optimization: Insights and best practices for optimizing oil and gas asset performance through comprehensive case studies.
NexTier’s management says they are using advanced electric drive equipment, along with automation-enabled pumpdown technology to streamline service operations during well completions. Justin Esquibel is owner/operator of Underdog Wireline , a business he owns with his wife and his wife’s parents.
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 With the publication of this announcement, this information is now considered to be in the public domain.
As a result, tech leadersâ responsibilities are expanding into areas outside IT , including customer experience, innovation, operations, procurement, and strategy. For me, tech has always been about enabling our business with a lens from customer experience and generating revenue while increasing productivity.
.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.
-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”). Zephyr retains the right (but not the obligation) to fund up to 33% of pro rata CAPEX.
For every barrel of oil extracted in the Permian Basin, one report estimates that operators typically generate between 4-10 barrels of produced water—resulting in an estimated 3.9 This brackish mixture of formation water, injected fluids, and various compounds presents one of the industry's most persistent operational challenges.
For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness. In the dynamic and demanding world of natural gas processing, the pursuit of efficiency is relentless.
Dedicated Impex FZE is a provider of Drill Pipe Protectors and operates under the brand name DIC Oil Tools. We offer a comprehensive range of thread protectors and other oil-related products, all meeting the industry’s highest quality standards. DIC products have earned ISO and API certifications.
Perenco recently announced the completion of the tests at the depleted Leman natural gas reservoir in the Southern North Sea using Petrodec’s ERDA rig, the first rig in the UK to have achieved an approved safety case for supporting CCS operations. Already a member?
Some of the most important levers in todayâs MACCs are efficiency levers such as route optimization, using advanced analytics to optimize routes based on real-time conditions to minimize fuel consumption over time; and predictive scheduling using AI to align production schedules with availability of low-carbon energy.
The agreement also covers knowledge exchange and the adoption of best practices in the fields of AI, asset digitalisation, and autonomous operations. The two organisations will also explore opportunities for the implementation of digital solutions to optimise oil and gas exploration, production and infrastructure management.
As SunRuns business has expanded rapidly, their engineering and cloud operations teams have faced increasing demands. We explore how this generative AI powered tool has significantly enhanced SunRuns cloud operations and streamlined their development processes. to surpass one million customers.
Production from Latin America represents just a sliver of overall supply. That mine is owned by Mosaic, who will give the mine a small increase in production in 2024 from 350,000 tonnes to 400K. But that is about to change when Brazil Potash’s Autazes mine lifts off into production. Getting to production is the challenge.
The sharp decline in oil prices over the past year and a half has had a significant impact on operators and mineral lessees in Louisiana and in other oil-producing states. Mineral lessees may be particularly concerned with whether recent production levels have maintained their leases beyond their primary terms.
DIC all products are tested numerous times under technical guidance and are made from Premium quality material. When it comes to the production, exploration, and transportation of oil and gas resources, OCTG are an absolute necessity. These tubular products are built to withstand cruel conditions in the oil and gas industry.
In May 2018, oil and gas industry defendants removed a docket of 42 cases alleging violations of Louisiana’s coastal zone management laws to federal court in the Eastern and Western Districts of Louisiana (“CZM cases”). Riverwood Production Company, et al. (“ Riverwood ”), No. 18-5217, 2019 WL 2271118 (E.D.
RUE grants are authorizations from BOEM to use a portion of the seabed not encompassed by the holder’s lease to construct, modify, or maintain platforms, artificial islands, facilities, installations, and other devices that support exploration, development, or production of oil and gas or other energy resources from another lease.
"For new assets, we will seek both to increase that footprint in Oman, and also acquire assets in other preferred jurisdictions that we have identified as attractive to Genel, with a focus on adding production assets that increase the cash generation and resilience of the business, and provide potential for further growth. "In EBITDAX1 1.1
Since this blog’s post on production in paying quantities on January 26, 2016 , the Louisiana Second Circuit Court of Appeal rendered its latest decision on the subject in Middleton v. Specifically, courts must consider all relevant factors, not just profit, when determining whether production is in paying quantities. 50,300-CA (La.
The Eastern District of Louisiana recently held that insurance claims for damage to a Gulf of Mexico production facility will not support federal court jurisdiction under the Outer Continental Shelf Lands Act. Accordingly, the district court remanded the case of LLOG Exploration Co. 1349(B)(1). 1349(B)(1).
Louisiana Land and Exploration Co., In the landmark oilfield remediation case Corbello v. Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Louisiana Land and Exploration Co., After the LL&E I decision, the case went to trial in 2015. State of Louisiana v. 2020-00685 (La.
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