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by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstream explorer' in the company's latest Annual Exploration Summit Survey. Congratulations to John Ardill and the entire exploration team,” he continued.
. (“Talos” or the “Company”) (NYSE: TALO) today announced its enhanced corporate strategy designed to position the Company as a leading pure-play offshore exploration and production company. Grow production and profitability. Build a long-lived, scaled portfolio.
in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. At Liberty, he focuses on technology innovation, service quality, efficiency, and optimization. Ron holds a B.Sc.
The signing formally initiates a four-year exploration period. This basin adds several new exploration targets to the portfolio, with the potential to hold several undiscovered hydrocarbon accumulations of potential scale. is a Canadian-based exploration and production company specializing in tight gas development.
McMullen, commented, “With these two transactions, we grew Mach’s production by 88% and we will continue to look for consolidation opportunities given our conservative balance sheet.” First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was natural gas.
Off-Market Transaction Adds Existing Production, Tier-One Inventory, and Immediate Development Opportunities Houston, TX, July 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. This acquisition delivers immediate scale, existing production, and a clear path to growth through high-quality operated drilling inventory.
(Oil Price) –Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. Libyas crude oil production currently exceeds 1.4 million barrels per day (bpd), NOC says.
The golf event is sponsored by global sponsor Netherland, Sewell & Associates, Inc., This year’s event will also feature a charity poker tournament. Early registration for all other attendees is $500 until June 30, 2025, for the three-day event. and EnerCom. The tournament is a significant fundraiser for IN!
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. The test achieved a notable, choked-back peak flow rate of 2,848 boe per day with no material drop in bottom hole pressure, and without the use of any fracture stimulation.
is a Canadian-based exploration and production company specializing in tight gas development. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. About CanCambria Energy Corp.
(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. Co-owner TotalEnergies E&P USA, Inc. The development is Chevrons first in the Norphlet trend of the Gulf.
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). This will be the Companys largest exploration prospect drilled so far.
The golf event is sponsored by global sponsor Netherland, Sewell & Associates, Inc., This years event will also feature a charity poker tournament. The presenting company lineup as of May 21, 2025, includes: Advantage Energy (TSX: AAVVF) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp.
“The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimize well construction, production, and intervention to maximize plug and abandonment operations”, Halliburton added. The contract also covers decommissioning. announced a deal to consolidate their UK North Sea assets.
These forward-looking statements are based on the Company’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
The Dallas Fed went on to state on its site that “oil and gas production decreased slightly in the second quarter, according to executives at exploration and production firms” “The oil production index fell from 5.6 Meanwhile, the natural gas production index also turned negative, declining from 4.8
Viaro also plans to progress the nearby Blackadder exploration prospect, which is geologically analogous to Selene and well-positioned near existing Viaro infrastructure. If successful, Blackadder has the potential to add to near-term production and extend the life of surrounding host facilities. Already a member?
The presenting company lineup as of June 18, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. Sponsorship opportunities are available by contacting Blanca Andrus at bandrus@enercominc.com.
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production. Key Hedging Terms: Remaining 2025 Production: $68.27/bbl bbl WTI and $4.28/MMBtu
For example, NEHs current daily production of approximately 4,000 Mcfpd, combined with a 25% loss, results in approximately 30,000 Mcf of monthly vented methane (Ch4) equivalent to the CO emissions produced by approximately 37,905 passenger vehicles per year. Forward-looking statements reflect the current view about future events.
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. Central time (9 a.m.
Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. Unrisked prospective resources are estimates of the volumes that could reasonably be expected to be recovered in the event of the discovery and development of these prospects.
CEEC hosts several events annually, including their flagship conference this year marking its 60th anniversary in Zagreb, Croatiawhere CanCambrias introductory presentation was featured during the Industry Scouting Session on May 16, 2025. is a Canadian-based exploration and production company specializing in tight gas development.
I wish Bill the very best in retirement and look forward to Andys ongoing leadership as he assumes his new role. # # # About ConocoPhillips As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas.
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. Initial production is anticipated in early August. About Prairie Operating Co. Prairie Operating Co.
Mr. Vaughan’s extensive experience in European exploration and production includes high-pressure, high-temperature (HPHT) drilling and completion operations, complemented by a strong focus on cost management and safety protocols.
TSXV: CCEC ) ( FSE: 4JH ) is pleased to announce that it has been granted its first drilling permit from the Hungarian Mining Directorate for the CC- Ba-E-2 appraisal well at its 100% owned Kiskunhalas tight gas project in Hungarys Pannonian Basin. is a Canadian-based exploration and production company specializing in tight gas development.
(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. per barrel WTI and $4.28
Chris Cornelius announces the following changes, effective March 10th, 2025: Dr. Paul Clarke will be promoted internally to the role of Chief Executive Officer and President from his current role of Vice President of Exploration. a TSX-listed international production oil and gas company.
The issue of whether a company is an independent contractor of an E & P company is frequently litigated in oilfield injury accidents, as the injured worker searches for multiple sources of possible recovery. Communications include firm news, insights, and events. In McDaniel v R.J.’s s Transportation, LLC , —- So.3d
The companys 2023/24 proprietary 3D seismic program was fully utilized in the preparation of the report and integrates three legacy wells; the dataset provides open-hole logs, core and gas test/production data. is a Canadian-based exploration and production company specializing in tight gas development. CanCambria Energy Corp.
.” 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. billion 1.
. “By leveraging cutting-edge intellectual property, these asset integrity management solutions provide industry-leading gas quality assurance capabilities to customers while providing a platform for future growth as we partner with Flotek to explore applications of this technology across other industry verticals. CST ( 10:00 a.m.
Produced water is a byproduct of oil and gas production and is injected into SWDs. Applications for disposal wells that are located within 25 kilometers of a seismic event will continue to be reviewed under the agencys seismicity review guidelines. The new SWD permitting guidelines in the Permian basin go into effect on June 1.
(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. The short answer: oil production is not just a matter of geology—it’s a moving target shaped by economics, politics, innovation and infrastructure. oil production would peak in the early 1970s.
In August 2018, dry natural gas production from the Haynesville shale averaged 6.774 billion cubic feet per day, which is the highest daily Haynesville production average since September 2012 when production averaged 6.962 billion cubic feet per day. El Paso E & P Co. , El Paso E & P Co. ,
portfolio of operated companies and interests consists of oil, natural gas, petrochemicals, lubricants and refined fuel products along with low-carbon offerings. Notes to editors The U.S. Shells U.S. Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities.
is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. The Company plans to continue to evaluate strategic alternatives to maximize value to stockholders, including potential portfolio optimization strategies.
Image by Leonid Andronov via iStock Malaysia’s national oil and gas company has expanded its footprint in Suriname with the signing of a production sharing contract (PSC) for a deepwater block next to several discoveries. Petroliam Nasional Bhd.’s square miles). Paradise Oil Co.
mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 per share annually ($0.33 per share quarterly). billion which equates to less than 1.0x mboe/d) Approximately 16.1
They will need to upskill the workforce, adapt the technology infrastructure, accelerate data productization, and deploy agent-specific governance mechanisms. QuantumBlack combines an industry-leading tech stack with the strength of McKinseyâs 7,000 technologists, designers, and product managers serving clients in more than 50 countries.
Gulf Oil Corp. , [1] for determining whether a contract to perform services related to oil & gas exploration on navigable waters is maritime, the Fifth Circuit took up In re Larry Doiron, Incorporated [2] earlier this year in an effort to streamline the test and bring clarity to an area of the law mired in uncertainty.
The net present value of proved reserves on the lease is less than or equal to three times the cost of the BSEE decommissioning estimate associated with production of those reserves; Or. Communications include firm news, insights, and events.
For accredited investors, direct investment in crude oil and natural gas exploration provides an opportunity to diversify their portfolios and potentially tap into lucrative returns, as well as enjoy some significant tax benefits. What Are Direct Oil and Gas Exploration Investments? Who Qualifies as an Accredited Investor?
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