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This dynamic environment presents both challenges and opportunities for small to mid-sized operators. Themes covered: Current M&A activity Challenges for small and mid-sized operators Where are the opportunities? Themes covered: Current M&A activity Challenges for small and mid-sized operators Where are the opportunities?
(World Oil) –Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. “We are pleased to get this deal across the finish line with Prairie Operating Co.,”
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.
(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.
“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. announced a deal to consolidate their UK North Sea assets.
(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. As both investors and operators, we continually evaluate opportunities to enhance our portfolio, simplify our business and deliver value for investors.
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.
a subsidiary of Chevron Corporation ( NYSE: CVX ), and Halliburton ( NYSE: HAL ) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. A combination of technologies from the wellsite to the cloud is required to enable this new approach to intelligent completions.
from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024.
(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The addition of Luceros operations will enable Vitesse to expand its assets across the Bakken shale region, where Lucero had approximately 6.4
This transaction greatly enhances the overall quality and resilience of our portfolio, supplementing our reserves with additional proved producing assets, adding years of multi-bench drilling inventory, and expanding our operated economies of scale, said Jordan Jayson, CEO and chairman of USEDC. oil and gas properties.
Anadarko Basin operations are primarily in Oklahoma (SCOOP/STACK plays), with some assets extending into southern Kansas and the Texas Panhandle in the case of Mach. Ovintiv (OVV) – Oklahoma (Anadarko Basin) Operations Ovintiv (formerly Encana/Newfield) holds significant acreage in Oklahoma’s STACK/SCOOP (Anadarko Basin).
(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.
Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy Value Chain, update investors on their operational and financial strategies, and learn how they create value for stakeholders.
(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. 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.
(TSXV: CCEC) (FSE: 4JH) (CanCambria or the Company) today announced the appointment of Eric Vaughan as Vice President of Drilling and Completions, effective immediately. In this role, Mr. Vaughan will lead the operations and execution team for the Companys flagship Kiskunhalas project in Southern Hungary.
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 permit change finalizes the transition of operational control from APA Corporation —which had previously acquired the asset through Callon Petroleum —to Spirit O&G Operating LLC , led by longtime industry executive Todd Guest. miles on US-87 N, turn right, continue 0.4 miles on US-87 N, turn right, continue 0.4
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.
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.
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.
SLB will oversee the delivery of 18 ultra-deepwater wells using an integrated services approach and AI-enabled drilling capabilities to improve operational efficiency and well quality.
Ballymore is expected to produce up to 75,000 gross barrels of oil per day through three wells tied back three miles to the existing Chevron-operated Blind Faith facility. Ballymore, which was completed on time and on budget, brings additional production online without building a new standalone offshore platform. Malo facilities.
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 The internal technical evaluation of this well is now largely complete, prior to further review by a third party.
(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. “The U.S.
Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Andy will also retain responsibility for Strategy, Commercial and Sustainability. For more information, go to www.conocophillips.com.
The assets, which comprise operations in the Anadarko basin that spans about 300,000 net acres, are expected to fetch a price of more than $1 billion, the sources said, requesting anonymity as the deliberations are confidential. Houston-based ConocoPhillips, which took on about $5.4
From signing a memorandum of understanding last year to now fully completing our agreement, were looking forward to getting to work. Together with our partners, we aim to deliver world-class operations, combining deep local knowledge with our expertise in managing giant fields and safely executing major projects.
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 completionsoperations manager at the U.S. supermajor, told Reuters in an interview. The triple-frac reduces by 25% the time to bring wells to production. According to the top U.S.
-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”).
However, BPs operating cash flow plunged to $2.8 Net debt jumped to $27 billion at the end of the first quarter, primarily driven by lower operating cash flow. billion share repurchase program completed on April 25, 2025. billion, down by around $4.6 billion from the previous quarter.
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.
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. Operating costs were $14/boe, delivering Q4 adjusted pretax earnings $646mn. Its Q4 adjusted pretax earnings were $646mn It reported zero Tier 1 or 2 incidents in theyear.
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.
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 so called “Anadarko Washout” involves a washout of oil and gas leases on undivided working interests owned by non-operating mineral cotenants. Anadarko E & P Onshore, LLC, 676 S.W.3d Anadarko E & P Onshore, LLC, 676 S.W.3d Anadarko E& P Onshore, LLC, no. 3d 73, 93 (Tex.
million generating segment operating income estimated to exceed Flotek’s total adjusted EBITDA (1) in 2024. ProFrac operates through three business segments: Stimulation Services, Proppant Production and Manufacturing, in addition to Other Business Activities. ProFrac Holding Corp. SOURCE Flotek Industries, Inc.
Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy Value Chain, update investors on their operational and financial strategies, and learn how they create value for stakeholders.
portfolio of operated companies and interests consists of oil, natural gas, petrochemicals, lubricants and refined fuel products along with low-carbon offerings. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. Notes to editors The U.S. Shells U.S.
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.
Visible Long-Term Synergies: Visible operating, capital and corporate synergies which, in addition to supply chain efficiencies, can generate meaningful savings. Anticipated annual synergies of over $200 million can be achieved independent of commodity prices and will begin to be captured upon closing of the transaction.
The VIDA tasks the EPA with developing national standards of performance for discharges incidental to the normal operation of primarily commercial vessels that are over seventy-nine feet in length. The SNPR also proposes new equipment standards for “Lakers,” which are vessels that operate exclusively on the Great Lakes.
4] In 2007, Fossil Operating, Inc. 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] 5] Chesapeake Operating, Inc. 3] Tauren subsequently assigned a 49% interest in the lease to Cubic Energy, Inc.
” 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.”
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