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(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.
(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.,”
Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] – Andrew Dittmar, Principal Analyst Enverus Intelligence Research [1] How This Deal Affects Mid-Size Operators 1. . million per location. [2] million per location. [2]
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.
(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.
(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.
(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. About Prairie Operating Co.
Leveraging Corvas Platform-as-a-Service and drilling solutions, Nabors aims to extend its operational reach across diverse data residency jurisdictions and accelerate entry into new markets by strengthening services for E&P customers and third-party drilling contractors.
MMBtu Henry Hub HOUSTON, TX, April 10, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The Company remains focused on operational execution, cost efficiency, and disciplined capital allocation, all supported by a fortified balance sheet and a proactive risk management strategy. About Prairie Operating Co. bbl WTI and $4.28/MMBtu
Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. Although Louisiana is allocating significant funds to P&A orphan wells, there is a lack of financial incentive for operators to address AOOG wells.
Despite generally cautious investor sentiment on oil markets, the energy sector has had a strong start to 2025, rising 8% year-to-date, outperforming the S&P 500 index by around 10%, according to analysts at Morgan Stanley, in a note dated March 26. (Investing) –The U.S.
Lessons from other heavy industries can help them transform their operations from end to end. Exploration and production companies born during the shale boom are struggling in the era of cash.
Pintail operates more than 30 active fleets and maintains relationships with blue chip E&P companies (exploration and production) by delivering service, safety, low emissions and fuel cost efficiencies. The Midland company is a leading provider of oilfield wireline services in the Permian Basin.
The transaction, which is subject to the satisfaction of certain conditions including regulatory approval, will increase Ithaca Energys working interest in Seagull from 35% to 50%, equalling bps interest as the field operator.
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. Plaintiff was injured when he was exposed to a hydrochloric acid spill at a Comstock well site during fracking operations.
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. Plaintiff was injured when he was exposed to a hydrochloric acid spill at a Comstock well site during fracking operations.
The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.
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.
Viridien has announced a sale of its Sercel Marlin Offshore Logistics management solution to Oil and Natural Gas Corporation (ONGC) to enhance operational efficiency and safety across its Western offshore E&Poperations in India.
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.
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. is operator of the Ballymore project with 60 percent working interest. Co-owner TotalEnergies E&P USA, Inc. Malo facilities.
shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. (BOE Report) – U.S.
The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources core New Mexico operating areas. In addition to new operated inventory, the acquisition increases working interest in over 100 existing Permian Resources operated locations, given the sizable acreage overlap.
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.
plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. Chevron is taking action to simplify our operating model, execute work faster and more effectively, the company said in a statement. (World Oil) –Chevron Corp. The filing listed the layoff date as July 15, 2025.
(BOE Report) – Oil and gas operators in North Dakota have indicated they plan to drop rigs and frac crews due to weaker oil prices, a move that is likely to impact output in the third largest U.S. About four or five operators plan to drop rigs either as part of their business plans or due to low prices, Anderson said.
The legacy system, owned and operated by a third party, experiences approximately 25% Field Loss and Unaccounted For (FL&U) gas, leading to substantial financial and environmental impacts. The company currently owns and operates over 137,000 acres in Southeast New Mexico and has over 1.5 Register to attend. New Era Helium, Inc.
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. London, Mexico City and Shanghai.
In Summit , the Sixth Circuit concluded that EPA’s interpretation of the term “adjacent” in the context of source aggregation under the Clean Air Act’s Title V and NSR permitting was unreasonable in its application to geographically dispersed oil and gas facilities. For more on this decision, see our previous blog entry here.
-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”).
It covers total production figures, performance by key operators, and state-level contributions, focusing on key basins such as the Permian Basin, Appalachian Basin, Denver-Julesburg (DJ) Basin, Onshore and Offshore Gulf of America (Mexico), Williston Basin, and Greater Anadarko Basin. in 2023 compared to 2022 but recovered slightly by 0.4%
In an AOR, operators are required to assess old or unplugged wells to ensure produced water would not escape through those wellbores. The new permitting criteria also require operators to demonstrate that their injection pressure will not fracture the confining strata of the reservoirs that produced water is injected into.
The remaining 50% of LACh is held by operator YPF S.A. With this acquisition we gain significant scale in Vaca Muerta with a premium block that has growing production and low operating costs, enabling the acceleration of our long-term plan and strengthening our free-cashflow profile, said Miguel Galuccio, Vistas Chairman and CEO.
Leveraging Corvas Platform-as-a-Service and drilling solutions, Nabors aims to extend its operational reach across diverse data residency jurisdictions and accelerate entry into new markets by strengthening services for E&P customers and third-party drilling contractors.
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.
Tejas, largest independent specialty pumping company in the nation, operates about 50 pumping units. David Watson, Voyager partner, said March 17, Tejas has built a strong reputation amongst many of the largest E&Poperators in the industry.
In this role, Mr. Vaughan will lead the operations and execution team for the Companys flagship Kiskunhalas project in Southern Hungary. With over 40 years of international experience in the oil and gas sector, Mr. Vaughan brings a proven track record of operational excellence across the full lifecycle of well design and execution.
While the commencement of the test was slightly delayed due to minor operational and equipment availability issues, testing operations are currently progressing as planned and the Company looks forward to providing further updates in the coming days.
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. From signing a memorandum of understanding last year to now fully completing our agreement, were looking forward to getting to work.
(World Oil) – GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. in partnership with Oxy a project that grew from 0 to ca.
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.
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
The SANPC is already operating as a fully-fledged subsidiary of the Central Energy Fund (CEF), with the signing of an agreement with both organized labor and non-unionized employees signed in April 2025. Looking ahead, the SANPC will prioritize fuel security, with the aim of reducing imports and improving the national balance of payments.
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