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Musuma-1 has been confirmed as the … Read More The post ZIMBABWE: Invictus Energy Selects Musuma-1 High-impact Well Location Set to Spud in H2 2025 appeared first on oilnewsafrica.
(World Oil) – Reconnaissance Energy Africa Ltd. As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. NSAI), an independent qualified reserves evaluator.
(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). The high-quality operator footprint enhances production visibility and long-term value creation. .
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.
This reduction isnt reactionaryits part of a deliberate capital allocation strategy designed to protect margins and preserve flexibility in a potentially volatile oil market. 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.
(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.
Concord Oil and Mission Oil. The companys announcement said, This strategic transaction expands Elk Ranges footprint across premier oil and gas producing regions in Texas. The post Elk Range Royalties acquires assets in Permian Basin, Eagle Ford appeared first on Permian Basin Oil and Gas Magazine.
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. and Tourmaline Oil Corp each have over 60 permits from recent years still awaiting activity. But as of now, BCs oil and gas landscape is sitting on a large pool of untapped potential.
(Oil & Gas 360) CALGARY, AB , April 10, 2025 /CNW/ – Reconnaissance Energy Africa Ltd. It is targeting 365 million barrels ofunrisked and 32 million barrels of risked prospective light/medium oil resources (1) , or 1.9 Prospect I is noted as location 63 in the NSAI report. (1)
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).
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.
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.
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. A well was spud on March 28, 2006. Cannisnia Plantation, LLC v. The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006.
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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