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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.
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.
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. (Oil & Gas 360) ~20,000 net acres Significant multi-bench drilling inventory Upsize of USEDCs syndicated revolving credit facility led by Citibank, N.A.
(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.
Mitsubishi is already one of the five joint venture partners in the LNG Canada project on the country’s West Coast, which is nearing completion and set to ship out its first LNG export cargoes by the middle of this year. Aethon Energy Management has been exploring options for its natural gas assets since last year. Mitsubishi Corp.,
(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.
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. Your participation makes a real difference. Benefitting IN!
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. Conference Dates: August 17–20, 2025. Benefitting IN!
“Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments”, Houston, Texas-based Halliburton said in a press release. The contract also covers decommissioning.
(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).
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. This leads to a 12% drop in Chevrons cost per fracked well in the Permian, Newhook said.
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. Paulette Pears will succeed Ms.
Large public E&Ps are consolidating premium inventory in core regions like the Permian, where high-quality assets are scarce and valuations are steep. Interested in learning more about identifying prime drilling locations, analyzing development styles as well as the ins and outs of spacing and completions data against your peers?
Dr. Paul Clarke, CEO of CanCambria, stated: “We are very pleased to have signed this contract and look forward to completing the remaining steps, and closing in the next month. Register to attend. CanCambria Energy Corp. The signing formally initiates a four-year exploration period.
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 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. Gyrgy Bacsa, COO of MOL Hungary. It is clear that we need to reduce Hungary’s import dependence by all means available.
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.
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
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.
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. The indicated annual rate is $4.08.
(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.
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. Conference Dates: August 1720, 2025. Benefitting IN!
“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. (the “Paradox project”).In
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. (BOE Report) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 ConocoPhillips and Moelis declined to comment.
His resume spans both private and public E&P companies, with deep financial and operational experience: Spirit Oil & Gas, LLC – Co-Founder, Managing Director, CEO/CFO (2018–Present) EnerVest, Ltd. – miles on US-87 N, turn right, continue 0.4 miles on US-87 N, turn right, continue 0.4
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. (World Oil) –The Railroad Commission of Texas on Friday released its figures for March drilling in the state, showing a noticeable gain over the previous months number.
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%.
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. Malo facilities. Chevron subsidiary Chevron U.S.A.
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. With the publication of this announcement, this information is now considered to be in the public domain. “Transaction”).
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. Cash flow from theWillistonproduction will be used to fund the plannedParadox Basindevelopment.
billion share repurchase program completed on April 25, 2025. (Oil Price) –BP ( NYSE: BP ) is reducing by $1 billion its quarterly share buyback program after reporting weaker-than-expected earnings, significantly lower cash flow, and rising net debt for the first quarter. billion for the first quarter.
From signing a memorandum of understanding last year to now fully completing our agreement, were looking forward to getting to work. (World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq.
Ovintiv (OVV) – Oklahoma (Anadarko Basin) Operations Ovintiv (formerly Encana/Newfield) holds significant acreage in Oklahoma’s STACK/SCOOP (Anadarko Basin). The company’s Oklahoma activity has been more modest relative to its Permian and Montney operations, but Ovintiv is still investing in the play.
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. Bunge counterclaimed, claiming that Tongli owed Bunge money for its losses. Bunge appealed. Fed.R.Civ.P. 649 F.Supp.2d
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.
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. Conference Dates: August 1720, 2025. Benefitting IN!
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 agency plugged more than 760 orphaned wells through the Initial Grant.
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 CST ( 10:00 a.m. ” For additional information, please visit www.flotekind.com Opens in new window.
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]
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.
We see potential for further growth in the US, and under Colettes leadership, intend to build on Shells competitive strengths as we deliver the secure energy our customers need to power their lives and businesses. Notes to editors The U.S. Shells U.S. Each forward-looking statement speaks only as of the date of this press release, May 5, 2025.
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. Your participation makes a real difference. Benefitting IN!
” DRILLING PLANS UPDATE Pre-construction activities are continuing on schedule and the pre-drill evaluation is complete. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) ( Frankfurt : 0XD) (NSX: REC) announces a drilling update on Prospect I. Prospect I is noted as location 63 in the NSAI report. (1)
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