This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.
Following this transaction, Bayswater will retain and operate 70 horizontal wells producing approximately 18,000 boed and a nine well pad currently being completed by Halliburton. Lynn Belcher, Chief Operating Officer of Bayswater , added “This sale represents the natural evolution and successful execution of our business model.
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 post RPC acquires Midlands Pintail Completions for wireline services appeared first on Permian Basin Oil and Gas Magazine.
(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The arrangement was approved by Vitesse stockholders and Lucero shareholders on March 5, 2025 and March 6, 2025, respectively, and Lucero received the approval of the Court of Kings Bench of Alberta on March 6, 2025.
(Nasdaq: PROP) (the Company or Prairie) an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin today announced it is beginning completions of nine previously drilled but uncompleted (DUC) wells acquired in the recent Bayswater transaction.
(World Oil) – APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska’s North Slope.
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. RBC Richardson Barr advised on the process and Willkie Farr & Gallagher LLP advised USEDC on the acquisition. Increased Citibank, N.A.
(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. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil).
TSXV: CCEC) (FSE: 4JH) (CanCambria or the Company) today announced the appointment of Eric Vaughan as Vice President of Drilling and Completions, effective immediately. (Oil & Gas 360) Vancouver, BC April 15, 2025 CanCambria Energy Corp.
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 Trans Energy settlement shows that exploration and production (E&P) companies need a rigorous compliance strategy for wetlands permit requirements. On the other hand, the legal commentary has virtually ignored the importance of Nationwide Permits (NWPs) 12 and 39 to E&P activities.
The drilling of the new well in the Somogysmson oilfield, called Som-8, began on November 25, 2024, and was completed after 33 days. MOL has ambitious E&P investment plans. This new discovery will also help meet the country’s energy needs.
The full scope of the contract includes digital directional drilling services and hardware, logging while drilling (LWD), surface logging, cementing, drilling and completions fluids, completions, and wireline services.
“The decision to perform a novel perforation and acidisation completion has been very much vindicated, and the potential for further optimisation of the project is exciting. The internal technical evaluation of this well is now largely complete, prior to further review by a third party. Net Recoverable Condensate (MMBC) 2.7
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc.
(World Oil) –INEOS Energy has completed its acquisition of the U.S. mtpa LNG deal completed with Sempra in December 2022 and the acquisition of Chesapeake Energys oil and gas assets in South Texas in May 2023. Gulf business held by CNOOC Energy Holdings U.S.A. subsidiary of CNOOC International Ltd.
Transaction Highlights Transforms EOG into a leading Utica E&P The acquisition of Encinos 675,000 net core acres significantly increases EOGs Utica position to a combined 1,100,000 net acres, representing more than two billion barrels oil equivalent of undeveloped net resource.
In October of 2024, Greece said that a consortium led by ExxonMobil had successfully completed the first exploration phase southwest of the Greek island of Crete and decided to proceed with the second exploration stage. By Tsvetana Paraskova for Oilprice.com
opera el proyecto Ballymore con una participacin del 60% mientras que el copropietario, TotalEnergies E&P USA, Inc., Ballymore, que se complet a tiempo y dentro del presupuesto, permite aumentar la produccin sin construir una nueva plataforma marina independiente. Hay que tomar en cuenta que la filial Chevron USA Inc.,
Ithaca Energy will be able to make material dividend distributions to shareholders following the completion of its merger with Eni UK in October, it said March 26. It also bought Japex UK E&P March 25, adding 15 percentage points to its existing stake in Seagull which now stands at 50%.
Factors that could cause actual results or events to differ materially from what is presented include, but are not limited to, the following: effects of volatile commodity prices, including prolonged periods of low commodity prices, which may adversely impact our operating results and our ability to execute on our strategy and could result in recognition (..)
The well test results suggest that the chosen completion strategy (hydra-jet abrasive perforation and matrix acidisation) was highly successful, and the test data results fit well with the Company’s P50 estimate of reservoir properties.
The total includes 613 to drill new oil or gas wells, 15 to re-enter plugged wellbores, 5 field transfers, 1 reclass and 62 for re-completion. Meanwhile, the commission issued 696 original drilling permits in March 2025. As is always the case, the March 2025 numbers are subject to updating and revision by the commission.
billion of Marathons debt as part of the acquisition, has already disposed of assets worth more than $1 billion since it completed the Marathon deal in November. Houston-based ConocoPhillips, which took on about $5.4
Ballymore, which was completed on time and on budget, brings additional production online without building a new standalone offshore platform. Co-owner TotalEnergies E&P USA, Inc. This reduces our development costs and is expected to drive higher returns for shareholders. Chevron subsidiary Chevron U.S.A.
Chevron plans to use triple-frac on between 50% and 60% of its wells in the Permian, up from 20% of wells triple-fracked last year, Jeff Newhook, a completions operations manager at the U.S. supermajor, told Reuters in an interview. The triple-frac reduces by 25% the time to bring wells to production.
Since 2021, Zephyr has completed 14 discrete acquisitions in theWilliston Basinand built a highly experienced team which previously managed over 4,000 non-operated wells throughout the region.
billion share repurchase program completed on April 25, 2025. Related to the first quarter results, BP intends to execute a $750-million share buyback prior to reporting the second-quarter results. Thats $1 billion lower compared to the buyback announced with the fourth-quarter resultsa $1.75
From signing a memorandum of understanding last year to now fully completing our agreement, were looking forward to getting to work. bp has a decades-long history in Iraq, and we look forward to building on this as we embark on our next chapter of production in the country, said Murray Auchincloss, CEO of bp.
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc.
Anadarko E & P Onshore, LLC, 676 S.W.3d Anadarko E& P Onshore, LLC, no. The resulting settlement agreement required Anadarko to pay Cimarex for its 1/6th co-tenant share of the value of production, less Cimarex’s 1/6th share of the reasonable drilling completion and operations costs. 3d 73, 93 (Tex.
The audit also noted that the RRC performs enhanced monitoring on all the contractual work performed on the well-plugging using IIJA funds submitting daily reports on all completed work and costs as well as performing three levels of review to ensure invoice accuracy.
The court found that an English law cause of action for general indemnity is not complete until there has been payment to a third party. Because Bunge’s cause of action was not complete, it could not be adjudicated yet. Factual sufficiency requires application of a heightened pleading standard. Fed.R.Civ.P. 649 F.Supp.2d
For further information: Flotek Investor Contact: Mike Critelli, Director of Finance & Investor Relations, E: ir@flotekind.com; ProFrac Investor Contact: Michael Messina, Director of Finance, E: investors@pfholdingscorp.com ProFrac Holding Corp. SOURCE Flotek Industries, Inc.
With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world.
The complete resource evaluation can be downloaded from SEDAR+. To validate these assessments, we are preparing a three-well appraisal program, to commence drilling in the coming months, as we seek strategic funding that preserves shareholder value and maximizes net asset value. About CanCambria Energy Corp. CanCambria Energy Corp.
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. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after.
There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shells products; (c) currency (..)
is navigating commodity market volatility with disciplined capital allocation, as it trims its 2025 drilling and completion plans. The Dallas-based E&P announced in its Q1 2025 earnings that it will reduce its rig count midyeardropping from nine to eightciting weaker commodity prices and an uncertain macroeconomic outlook.
” DRILLING PLANS UPDATE Pre-construction activities are continuing on schedule and the pre-drill evaluation is complete. We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.”
Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide security holders with a more complete perspective on the combined company’s future operations and such information may not be appropriate for other purposes.
and (2) Does the contract provide or do the parties expect that a vessel will play a substantial role in the completion of the contract? 3] In Crescent , litigation ensued after Crescent’s employee suffered injuries while conducting P&A work on a platform. Carrizo Oil & Gas, Inc. [3] Delta Well Surveyors. [4]
Fossil”), with whom Tauren contracted to conduct operations on the property, drilled and completed wells on the leased property in Sections 9, 10, and 16. [5] The wells drilled in Sections 9 and 10 were completed to the Cotton Valley formation. EP Energy E&P Co., 4] In 2007, Fossil Operating, Inc. 8 (citing La.
Upstream: Activities: Upstream refers to the exploration and production (E&P) phase of the oil and gas industry. Key Processes: Exploration, reservoir analysis, drilling, well completion, and production. It involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content