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The first quarter of 2025 has seen a remarkable surge in oil and gas mergers and acquisitions (M&A) within the upstream oil and gas sector, with transactions totaling $17 billion. This dynamic environment presents both challenges and opportunities for small to mid-sized operators.
As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ Here are four key ways AI is revolutionizing acreage strategy for upstreamoperators. Watch Now 2.
This landmark deal not only reshapes EOG’s portfolio but also sends ripples through the broader energy M&A landscape, signaling a shift in where, and how, operators are seeking growth. But as high-quality, undrilled inventory becomes increasingly scarce, even disciplined operators like EOG are being drawn back into the M&A fold.
Managed pressure drilling (MPD) progressed deepwater operations by delivering a critical safety advantage for drilling the world’s most complex and challenging wells. Operational complexity MPD is an adaptive and advanced drilling solution that has made historically challenging wells feasible.
upstream M&A reaching $105 billion in 2024the third highest as recorded by Enverusthe market shows no signs of slowing down, with high price tag deals being driven by the scarcity of high-quality inventory. Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1]
The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimise well construction, production, and intervention to maximise plug and abandonment (P&A) operations. The efforts to maximise the remaining potential of the UK North Sea align with our focus to provide safe and reliable P&A operations.”
The collaboration aims to deliver optimised performance through enhanced operational efficiency and consistency in execution by scaling advanced digital solutions. This agreement with Cactus is an important step in shaping the future of well construction and aligning performance goals between SLB, drilling contractors and operators."
The Deepsea Yantai drilling rig, operating in a water depth of 341 m, was utilised for the drilling. After the completion of operations, the well was permanently plugged and abandoned. It is the third exploration well drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016.
The Strategic Fit: Hand-in-Glove Operational Synergy The merger between Whitecap and Veren is a textbook example of operational synergy. This new entity boasts a portfolio of high-quality Montney and Duvernay drilling locations, along with increased capital allocation flexibility from integrated upstream assets and infrastructure.
There are two primary destinations for PW from onshore operations. The result is operators are spending more to ship PW further and then paying higher prices for disposal volumes, especially at SWD facilities just outside of the SRAs. This could force operators to stop production in previously profitable fields.
The installation, completed earlier this year, forms part of Salunda’s growing activity in the Americas deepwater market – where its patented latch monitoring technologies have become a preferred solution for hazardous area monitoring among major operators in the area.
Two years ago, we set out to redefine upstream data quality by licensing proprietary datasets from leading operators and mineral investors. The filters pane gives you options to filter on various attributes from our well-level database, such as operator, formation, completions design, dates, or EURs (to name just a few!).
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