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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.
UpstreamMidstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstreammidstream downstream? Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.
Continental said that Hess, which operates hundreds of wells in North Dakota, artificially inflated midstream service fees by entering into agreements with its own subsidiaries. As a result, Continental said, it and other non-operating working interest owners in those wells bear a larger financial burden than Hess for midstream fees.
Reuters in November reported that Aethon was exploring options for its natural gas production and midstream assets that include a sale or an initial public offering at a valuation of about $10 billion. Deliberations regarding the U.S. gas producers.
They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services.
(Oil Price) –Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 billion in a deal that would bolster EQTs inventory in the Marcellus and Utica shale gas regions. Source: Yahoo News The total consideration of $1.8
Oklahoma City-based Riley Exploration Permian said last week it acquired Silverback Exploration, a largely undeveloped asset in New Mexico, for $142 million (cash) to add 5,000 boed of production and more than 300 gross undeveloped locations. The company completed 6.3 net wells in 1Q.
Platforms integrated across previously siloed workflows, connecting upstream operations with midstream logistics and downstream analytics. They deliver precise, objective production forecasts across numerous well scenarios by analyzing more variables than humanly possible.
Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. From majors like Canadian Natural Resources and Ovintiv to rising mid-cap producers, this snapshot highlights average daily production across top-performing companies. 102,012 bbl/d (bitumen) SOR of 2.39
For investors, this sector offers diverse opportunities, ranging from upstreamexploration to downstream refining and distribution. Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources.
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.
oil and gas sector has defied the odds for over a decadeunlocking shale, scaling production, and securing global energy influence. If we can increase production by just 20%, it would be the equivalent of Saudi Arabias current volume, she told the audience. But that growth engine may be running out of steam.
A Strategic Fit: Scout Energy & High River Resources Scout Energy Management LLC Established in 2009 and headquartered in Dallas, Scout Energy Management LLC is a private energy investment manager specializing in the acquisition, operation, and enhancement of upstream energy assets and associated midstream infrastructure.
24 that Clay Neff, its President/International Exploration and Production, was named President/Upstream, effective July 1. Bruce Niemeyer , then President/Americas Exploration and Production, was named President/Shale and Tight, effective July 1. Gilfillian * Neff Niemeyer Chevron Corporation announced on Feb.
As society increases its focus on going green, businesses are exploring their options for renewable energy. For example, a company in Australia called Power Ledger uses a blockchain platform that monitors users’ energy consumption and production while ensuring transparent yet secure executions. Let’s take oil as an example.
Lets explore why drilling time estimates are a persistent challengeand how DDRs help reduce the uncertainty. Optimistic assumptions: Planners frequently underestimate non-productive time (NPT) and overestimate rate of penetration (ROP), especially in complex wells.
One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. The Texas Commission on Environmental Quality (TCEQ) oversees these permits to ensure that production activities adhere to state and federal environmental regulations.
crude production, which could easily push crude prices lowerinto this second quarter of 2025, as supply would likely then outpace demand. Exploration and production companies (E&Ps) continued to focus on healthy balance sheets and capital discipline, providing buyers with liquidity and access to public high-yield debt at reasonable rates.
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