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.
News
April 18, 2023
Chief Executive Officer Doug Manner commented, "We are disappointed that our VMM-37 partner for more than a decade, ExxonMobil, has voluntarily chosen to withdraw from both the JOA and Contract.
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 17, 2023
Sparrows will be responsible for servicing a range of critical drilling equipment, including mud pumps, iron roughnecks, catwalks and top drives, to ensure the rigs are safe to return to the field.
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 additional term of the contract allows long-term investment in infrastructure and work programs to enhance oil recovery efficiency in existing fields, and appraisal drilling to potentially prolong the life of the fields.
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 12, 2023
The decision was made to TD the well, having reached the target and penetrated the crestal portion of the microfracture swarm. The horizontal well will now be completed as a producer with over 2,500 feet of open hole within the Austin Chalk interval.
News
April 11, 2023
(WO) — Employment in the U.S. oilfield services and equipment sector increased by 2,907 jobs to its highest level since March of 2020 to reach 656,368 in March, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to February numbers and analysis by the Energy Workforce & Technology Council.
News
April 11, 2023
(WO) — Halliburton Co. has announced the implementation of the Auto Pumpdown service within Halliburton’s hydraulic fracturing business. The Auto Pumpdown service enables wireline and pump automation during unconventional completions operations.
News
April 10, 2023
The pipeline also may allow oil-sands companies to boost production. Imperial Oil Ltd., which is controlled by Exxon Mobil Corp., expects to finish a 15,000-barrel-a-day expansion of its Cold Lake facility ahead of schedule this year, Chief Executive Officer Brad Corson said at the conference.
News
April 08, 2023
Exxon has also discussed a potential tie-up with at least one other company, as the operator hunts for a blockbuster deal in shale, according to the newspaper.
News
April 06, 2023
Two of the ten contracts include nodal equipment supply and seismic data processing for STRYDE’s largest geothermal project to date in the Middle East, as well as a European survey that was conducted alongside a geological research center in Belgium.
News
April 05, 2023
In a statement, the oil and gas producer said it is “working hard to mitigate the impact” of the workforce reduction with recruitment freezes and a voluntary redundancy scheme.
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 04, 2023
The Railroad Commission of Texas highlighted the agency’s extensive work and expertise in plugging orphaned oil and gas wells during a visit from U.S. Secretary of the Interior Deb Haaland in Houston last week.
