The Energy Law

MAY 5, 2023

The leases obligated MRC to spud a new well every 180 days after the spud date of the last well during the leases’ secondary terms to avoid having the non-developed portions of the leases terminate. MRC did not notice its error until approximately two weeks after May 21, 2017, at which point it had not yet spudded the new well.

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Oil Gas Leads

MAY 28, 2025

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.

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Oil & Gas 360º

APRIL 2, 2025

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. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after. Prairie Operating Co.

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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. Collectively they own mineral and royalty interests across the Permian Basin in west Texas and Eagle Ford in south Texas. Charlie Shufeldt, CEO, said Jan.

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Oil Gas Leads

MARCH 17, 2025

Detailed list of drilling rigs and Operators that spud wells in the Permian basin last 30 days. 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.). Region The state or geographic region of the rig (e.g., NM for New Mexico).

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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. Dallas-based Elk Range Royalties said recently it closed a deal to acquire 250,000 net royalty acres from affiliates of Occidental Petroleum for $905 million. Elk has deployed more than $1.2

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The Energy Law

JUNE 8, 2016

Notices Allowed After Spudding Under prior law, any owner drilling or intending to drill a well serving the unit was required to notify all other owners in the unit “ prior to the actual spudding of any such well of the drilling or the intent to drill and give each owner an opportunity to elect to participate in the risk and expense of such well.”

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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 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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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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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

Darren Woods, ExxonMobil Our U.S. shale portfolio is built for capital discipline. Mike Wirth, Chevron The Shale Decline Dilemma: You Stop, You Slide Even with advanced tech, decline curves dont disappear. Shale wells lose 3040% of their production in the first year. That means without continuous drilling, output falls off a cliff.

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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

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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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.

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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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