Permian Basin Oil and Gas Magazine

MARCH 28, 2025

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. Dallas-based Elk Range Royalties said recently it acquired Newton Financial Corp., Concord Oil and Mission Oil. Charlie Shufeldt, CEO, said Jan.

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Oil & Gas 360º

APRIL 10, 2025

We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.” (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) ( Frankfurt : 0XD) (NSX: REC) announces a drilling update on Prospect I.

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Permian Basin Oil and Gas Magazine

APRIL 1, 2025

These include assets being developed by Chevron and Civitas Resources, who collectively account for more than half of the wells spudded in 2024. These include assets being developed by Chevron and Civitas Resources, who collectively account for more than half of the wells spudded in 2024. Elk has deployed more than $1.2

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The Energy Law

JUNE 21, 2022

The ACR methodology defines eligible abandoned wells to include: (1) unplugged wells with a spud date prior to 1950, which are eligible because they predate standardized regulations for P&A, and (2) unplugged wells with a spud date of 1950 or later and having no production for six consecutive months. million vehicles per year.

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Oil Gas Leads

APRIL 28, 2025

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. Longer Laterals : Successful four-mile laterals at Poker Lake , reducing surface land disturbance and operational footprint.

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The Energy Law

JULY 20, 2018

Turning to the second test, the court noted that the specific work order for the P&A job called for the use of three vessels — a supply barge, a tug, and the spud barge OB 808. After some thirty years of wrestling with the cumbersome six-part test set forth in Davis & Sons, Inc. Carrizo Oil & Gas, Inc. [3]

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Oil Gas Leads

MARCH 31, 2025

Other notable operators include Pacific Canbriam Energy and ARC Resources , which also show significant gaps between licensing and spudding. 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. The result? Whats Driving the Delay?

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Oil Gas Leads

MAY 19, 2025

We have decades of inventory below our $40 per barrel WTI cost of supply threshold this optionality is what separates the inventory haves from the have nots. Ryan Lance, ConocoPhillips Operators are drilling fewer wells, but doing so with purposeon multi-well pads, with simul-frac designs and AI-enhanced execution. Its a factory model.

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The Energy Law

MARCH 2, 2009

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 XTO Energy, Smith Production Inc. Several months later, Chevron sold its interest in the lease to XTO Energy Inc. (“XTO”).

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The Energy Law

AUGUST 10, 2017

In these transactions, the Drilling Party pays for or “carries” all or a substantial portion of the Lease Party’s share of the costs of drilling and completing one or more wells on the leases (“Earning Wells”). The Five Lessons 1. Take advantage of the geology.

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The Energy Law

APRIL 30, 2020

A well was spud on March 28, 2006. While the long-term fallout from the recent decline in oil prices and the COVID-19 pandemic remains unclear, it is clear that drilling activity has already started to decline. Cannisnia Plantation, LLC v. The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006.

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The Energy Law

MARCH 30, 2017

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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