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(Oil & Gas 360) – HOUSTON, TX, June 09, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. About Prairie Operating Co. Prairie Operating Co. its lead arranger. In conjunction with the semi-annual redetermination, Bank of America, N.A. KeyBank National Association, MUFG Bank, Ltd., Truist Bank, UMB Bank, N.A.,
( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Wood and Saras S.p.A.,
( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Wood and Saras S.p.A.,
“We drive innovation in the digital space,” said Shawn Stasiuk, Halliburton’s vice president of Production Enhancement. “We Operations can now react to a localized environment through real-time adaptation rather than performance forecasting. More information about Chevron is available at www.chevron.com.
Energy Development Corporation (USEDC), a Fort Worth-based exploration and production company focused on developing oil and gas projects for itself and its partners, has acquired ~20,000 net acres in Reeves and Ward Counties, Texas. USEDC blends operational and financial innovation with a forward-looking approach.
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl MMBtu Henry Hub HOUSTON, TX, April 10, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production.
(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. per barrel WTI and $4.28
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Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells with continuing operations focused throughout North America and Argentina.
A logistics coordinator in the oil and gas industry plays a crucial role in ensuring the efficient movement of materials, equipment, and personnel to support exploration, production, and distribution activities. They need to ensure that the right materials are available at the right time and in the right quantities. They contribute.
Historical hits and misses Over the past 15 years, the sustainability landscape has evolved, with advances in knowledge and climate technology and changes in costs, policy, and regulation. 2 â Cloud-powered technologies for sustainability ,â McKinsey, November 9, 2023. The latest versions of the MACC make use of AI and automation.
Block I produces about 400 million cubic feet a day of natural gas, according to operator Petroliam Nasional Bhd. “Arcius Energy, initially to operate in Egypt, includes interests assigned by bp across two development concessions, as well as exploration agreements”, XRG said.
Our premium materials and construction ensure that your system will be operational for years to come. Drill pipes are the unsung heroes of the oil and gas industry, essential in the exploration and extraction of fossil fuels from deep within the earth.
These IPOs are poised to attract significant global investment, providing much-needed capital to enhance production capabilities, improve infrastructure and foster long-term growth. By opening up to public investment, these companies aim to enhance operational efficiency, foster transparency and stimulate economic growth.
BPs management touted the early results of the strategy reset and the three project start-ups this year, out of 10 major projects expected to begin oil and gas production by 2027. However, BPs operating cash flow plunged to $2.8 billion, down by around $4.6 billion from the previous quarter.
On the sidelines of his participation in CERAWeek 2025, held from March 10-14, 2025, in the USA, Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Director General for Economic Policy in the German Federal Ministry for Economic Affairs and Energy and Ministry Coordinator for Sustainable Development.
(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 Production growth in the most prolific shale play in the United States has been slowing already as production costs climb higher while oil prices slide lower. This will naturally affect drilling, contributing to the overall production growth slowdown.
At the opening ceremony on Monday, ADNOC's CEO and the UAE's Minister of Industry and Advanced Technology Sultan Ahmed Al Jaber said the state-operated energy company will deploy autonomous AI for the very first time and called on his peers to embrace it too for the benefit of the wider energy industry.
Solution overview Advanced digital technologies are revolutionizing the energy industry, enabling organizations to achieve their sustainability goals while reducing carbon footprint and emissions. trillion of value by 2035, delivering 20-30% reduction in operating costs and up to 5% decrease in carbon emissions.
Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. million acres in Alberta. billion 1.
Andy OBrien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial and Sustainability.
Agents supercharge operational agility and create new revenue opportunities. That requires an architecture that is modular and resilient and, more importantly, an operating model that centers on humansânot just as users but as co-architects of the systems they will be living and working with. trillion to $4.4
This field alone now produces over 6 million barrels per day, nearly half of the nations current production and more than the entire country produced before the technological revolution. Operating costs are not yet high enough to threaten existing wells, plenty of which are profitable at current prices. million in 2019.
About the research Five- and ten-year automation impact projections are outputs of the McKinsey Global Instituteâs proprietary automation model, which performs a bottom-up assessment of productivity potential by role and task. By 2035, automationâs impact across consumer subsectors could begin to diverge (Exhibit 1).
Omans Ministry of Energy and Minerals has signed an Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 54 in Oman. Both companies have formalized a Joint Operating Agreement (JOA) to streamline operations within Block-54.
On the sidelines of CERAWeek 2025, Minister of Petroleum and Mineral Resources Karim Badawi held meetings with CEOs of international companies to discuss production and investments. In a meeting , Badawi discussed met with Lorenzo Simonelli, CEO of Baker Hughes, the company’s operations in Egypt.
Reducing operational costs while maintaining peak performance is the key to sustainable success. We’ll explore how these advanced technologies can revolutionize your operations, driving down expenses and boosting efficiency. This is a critical factor for any operation within the Dallas oil and gas landscape.
Badawi emphasized the ministry’s commitment to supporting partnerships, overcoming challenges, and delivering tangible results within its strategy to boost domestic natural gas production.
How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. Below, we explore how this strategy is enabling resilience in the shale patch, using direct insights from the industrys top voices. Shale at $40 Oil Even with oil prices hovering around $40 per barrel, U.S. shale producers are thriving.
At Pro-Gas LLC in Dallas, we get that maximizing efficiency in Natural Gas Liquid (NGL) production is crucial for success in today’s competitive energy market. Lets look at some strategies and technologies for maximizing efficiency in NGL production, from advanced separation techniques to energy optimization and process control.
At Wintershall Dea, we’re committed to digitization that improves our decision making and makes us more efficient, competitive and sustainable. We gained these benefits from a recent project to apply artificial intelligence (AI) to early exploration research. From acquiring licenses to starting production can take over a decade.
Natural Gas Liquids (NGLs) ethane, propane, butanes, and natural gasoline are essential to modern life, fueling industries and forming the building blocks for countless products. These refinements lead to lower operating costs and better enhanced NGL recovery. This drives NGL purity improvements and market value.
The pursuit of alternative energy sources has become increasingly important in our quest for a sustainable future. The rising demand for lithium, combined with Federal tax credits for lithium production, has intensified lithium exploration efforts. A brine extraction prospect would be very similar to an oil and gas prospect.
This product will provide powerful insights to determine the economic feasibility of new projects, optimize hedging strategy, understand impact of broad market changes and policy, and perform valuation for potential investments or divestitures.
However, as Day I of Gastech - which is formally running from September 17 to 20 - kicked off on Tuesday, energy bosses bemoaned the lack of clarity and consistency from Washington on policy matters pertaining to natural gas exploration and LNG permits. Others said AI itself could chalk sustainable future pathways predicated on renewables.
In our 2023 Sustainability Report , we saw a 3% reduction in absolute carbon emissions, and a 13% reduction in carbon intensity when compared to 2022. Effective carbon measurement involves monitoring and reporting carbon emissions across processes from production to transportation and waste management. Gt CO2 or XX% change)?
Minister of Petroleum and Mineral Resources, Karim Badawi, convened a high-level meeting with heads and representatives of international oil companies (IOCs) operating in Egypt. He underscored the critical importance of sustained collaboration to achieve mutual successes, emphasizing that the benefits should extend to all stakeholders.
. “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. ProFrac Holding Corp.
During the discussion, Badawi reviewed the areas of cooperation between Egypt and US companies in the petroleum sector, praising the vital role these companies play in supporting exploration and production efforts.
Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.
TETRA is the operator of the Evergreen Unit. TETRA recently completed the drilling and sampling operations of an additional test well in the Evergreen Unit with very encouraging results. With operations on six continents, the Company’s portfolio consists of Energy Services, Industrial Chemicals, and Lithium Ventures.
In the first part of this series, we explored the massive pipeline projects that crisscrossed the U.S., Whispers of Greatness: Early exploration hinted at untapped reserves that could change the game. Production in the U.S. Halliburton A leader in fracking technologies, enabling the rapid rise of shale gas production.
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