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Two days ago, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for January through March 2025 (full copy below). There were 93 new horizontal wells spud (drilled) in 1Q25, a decrease of 7 wells (-7%) compared to 1Q24.
OMV Petrom and Romgaz have spud of the first well for development and production of the Pelican South and Domino natural gas fields in the Neptun Deep block as part
The state-backed companies launched development drilling in the Neptun Deep gas block on Romania's side of the Black Sea, expecting to start production 2027.
As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. “We have made great progress in getting Prospect I ready to drill and, as a result, we are accelerating the spud date into Q2 2025, said Brian Reinsborough, President and CEO of ReconAfrica.
2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Lakes Blue Energy Secures Funding for Wombat-5 Drilling by Paul Anderson | Rigzone Staff | Thursday, June 19, 2025 | 2:34 AM EST The funding is subject to Lakes' reinstatement to trading on the Australian Securities Exchange.
The $905 million transaction significantly expands Elk Ranges presence in a premier oil and gas region and aligns with Elk Ranges strategy of acquiring attractive royalty assets in core basins. The high-quality operator footprint enhances production visibility and long-term value creation. billion in capital since its launch in 2020.
SM Energys Drilling Trends: January 2023 to May 2025 Using public drilling data for SM Energy wells in Texas, we grouped spud activity by month from January 2023 onward. SM Energy has parked two of its most active rigs : Rig Contractor Total Wells Avg Days Between Spuds Last Activity Rig 43 Latshaw 23 wells 16.5 wells by months end.
(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.
British Columbias upstream oil and gas sector has seen a surge in well permitting activity over the last few yearsbut drilling activity hasnt kept pace. Other notable operators include Pacific Canbriam Energy and ARC Resources , which also show significant gaps between licensing and spudding. The result? Whats Driving the Delay?
The companys announcement said, This strategic transaction expands Elk Ranges footprint across premier oil and gas producing regions in Texas. Key operators include ExxonMobil, Apache, Diamondback, Occidental, ConocoPhillips and Continental, who have spudded an average of 148 wells a year on the properties since 2021.
(Oil & Gas 360) CALGARY, AB , April 10, 2025 /CNW/ – Reconnaissance Energy Africa Ltd. We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.” Prospect I is noted as location 63 in the NSAI report. (1)
The carbon credit market continues to evolve as oil and gas companies face increasingly stringent regulations to reduce greenhouse gas emissions. The EPA estimates that there are over 3 million known abandoned and orphaned oil and gas wells (AOOG wells) in the United States. million vehicles per year.
ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin just seven years after the first spud in 2017. Oil & Gas Company Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
Detailed list of drilling rigs and Operators that spud wells in the Permian basin last 30 days. The post Permian Basin Rig Report appeared first on Oil Gas Leads. The report is updated weekly. Buy Now - Only $10 Primary Fields in the Report: Account Name The operator or company name (e.g., XTO Energy Inc.). NM for New Mexico).
These include assets being developed by Chevron and Civitas Resources, who collectively account for more than half of the wells spudded in 2024. The post Elk Range Royalties follows Permian acquisition with 250,000 net acres from Oxy appeared first on Permian Basin Oil and Gas Magazine. Elk has deployed more than $1.2
Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. Shales Superpower Isnt Geology Its Consistency appeared first on Oil Gas Leads. Darren Woods, ExxonMobil Our U.S. shale portfolio is built for capital discipline. Shale is a treadmillyou stop, you slide.
Many oil and gas properties have (a) unconventional shale formations that may be exploited with horizontal wells and hydraulic fracturing and (b) conventional formations that may be exploited with traditional vertical wells. The Five Lessons 1. Take advantage of the geology.
A well was spud on March 28, 2006. At trial, the mineral servitude owner testified that in 2005, the Cotton Valley drilling activity was ramping up and other operators near the servitude successfully drilled gas wells. Cannisnia Plantation, LLC v.
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.
Smith”) was the operator of the Bloomberg oil and gas lease, whose operations were governed by two JOAs. By Kevin Connolly On an issue of apparent national first impression, the Houston Court of Appeals, in XTO Energy Inc. Smith Production Inc., 14-07-0069-CV, 2009 WL 442003 at *1 (Tex. Houston [14th] 2009, no pet.
In Petro-Chem Operating Co., Flat River Farms, L.L.C. , the Louisiana Second Circuit addressed issues affecting the creation and preservation of mineral servitudes and payment of court costs in a concursus action. [1] Flat River Farms, L.L.C. , 12] In its analysis, the Court first looked to the pertinent language of La.
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