U.S. Onshore
News
April 21, 2023
Liberty's estimate suggests an about 6% increase this year to the about 250 fleets now available in the U.S. to break trapped shale oil and gas for production.
News
April 21, 2023
FireBird Energy II LLC has secured equity commitments in excess of $500 million anchored by funds managed by Quantum Energy Partners. The founders and employees of FireBird II, along with other strategic partners, are making significant equity commitments to the company alongside Quantum.
News
April 20, 2023
Drilling operations are expected to commence in approximately 2 weeks at Trio’s HV-1 well, located on the company’s 8,600-acre asset called the South Salinas Project in Monterey County, California.
Article
April 2023
In what proved to be a prescient, albeit conservative, prognostication, the former IHS Markit (now S&P Global) issued a forecast in 2018 that the Permian basin would hit the 5.4-MMbpd production mark in 2023.
News
April 14, 2023
The acquired assets are concentrated in northern Howard County and southern Borden County. The acquisition is expected to close in the second quarter of 2023.
News
April 13, 2023
The Advance Transaction includes approximately 18,500 net acres in the core of the northern Delaware Basin, most of which is very close to some of Matador’s best acreage where wells with an estimated ultimate recovery of over 1 MMboe have been drilled.
News
April 12, 2023
The company is working with a financial adviser to seek a buyer for assets around Pecos County, Texas according to people familiar with the matter, who asked not to be identified because the process is confidential.
News
April 06, 2023
Rapid adoption of automation technology and digital solutions for completions drove the need for local customer support, logistics and a full-service operations base to support the Permian Basin.
News
April 05, 2023
The Whistling Straights well d is the first well under its recently signed Participation, Development and Option Agreement between Pennpetro’s 100% owned subsidiary, Nobel Petroleum USA Inc, and Millennium PetroCapital Corporation within the 250,000 acre Area of Mutual Interest petroleum joint venture in Gonzales County, Texas.
News
April 04, 2023
Riley Exploration Permian, Inc. announced that it completed its previously announced acquisition of New Mexico oil and natural gas assets from Pecos Oil & Gas, LLC, an affiliate of Cibolo Energy Partners LLC.
News
April 04, 2023
A federal judge in Alaska denied a bid by environmentalists and an indigenous group to block ConocoPhillips from opening a gravel mine and conducting other work at its $8 billion Willow oil project in the state.
News
April 03, 2023
The agreement comes as U.S. shale output growth slows as drillers run out of top-tier acreage, stoking concern they won’t be able to fill the void created by OPEC production cuts and sanctions on Russian supply.
News
April 03, 2023
Ovintiv Inc. is nearing a deal to acquire oil and gas assets in the Midland Basin from private equity firm EnCap Investments, according to people with knowledge of the matter.
News
March 31, 2023
The Permian Energy Development Laboratory announced the signing of a memorandum of understanding among seven New Mexico and Texas universities, two national laboratories and a center for advanced energy research at UT Energy Week 2023.
News
March 27, 2023
By acquiring Lotus Midstream, Energy Transfer will gain 3,000 miles of crude gathering and transportation pipelines that stretch from New Mexico through the Permian Basin of West Texas to Cushing, Oklahoma. ET plans to pay $900 million in cash and the rest in 44.5 million newly issued shares.
News
March 20, 2023
The Mountain Capital-backed company is having discussions with some larger peers about a potential deal, said the people, who asked not to be identified because the talks are private.
News
March 17, 2023
Shale drillers have made a strategic shift in recent years from reckless spending and unchecked output growth to strict capital discipline. The new business model could help shield the industry from the fallout of a credit crunch.
News
March 13, 2023
Biden is expanding an Obama-era ban on new oil and gas leasing in U.S. Arctic waters and will write new rules barring the sale of new oil drilling rights across much of the National Petroleum Reserve-Alaska, where ConocoPhillips’s 600 million-barrel Willow venture is planned, the Interior Department said.
News
March 13, 2023
After weeks of deliberations, senior advisers have signed off on the move, which represents one of the most momentous climate decisions yet for President Joe Biden. The approval is set to be released next week by the Interior Department, said the people, who asked not to be named because an announcement has not been made.
News
Siemens Energy wins contract for world’s first large-scale direct air capture plant in Permian Basin
March 06, 2023
The two compressor packages will enable the plant to capture up to 500,000 metric tons of CO2 per year when fully operational.
News
March 06, 2023
The lawmakers, including freshman Democratic Representative Mary Peltola, said they made their case for authorizing the plan to allow drilling from three locations at the Willow project during an Oval Office meeting on Thursday that lasted more than an hour.
