Aresco

MARCH 13, 2025

AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board.

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Rextag

DECEMBER 23, 2024

billion Date: October 11, 2024 ExxonMobil made waves by acquiring Pioneer Natural Resources, securing 850,000 net acres in the Permian Basin. Production increased by 460,000 boe/d, making Chevron a major player in international energy markets. Double Eagles Exploration of a Sale Value: Potentially $6.5

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Rextag

DECEMBER 18, 2024

In the first part of this series, we explored the massive pipeline projects that crisscrossed the U.S., Whispers of Greatness: Early exploration hinted at untapped reserves that could change the game. Production in the U.S. Halliburton A leader in fracking technologies, enabling the rapid rise of shale gas production.

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Novi

OCTOBER 22, 2024

In part 2 , we created a data-driven model using 11,176 wells from the Delaware Basin and features representing geology, completion intensity, spacing, and timing. We observed that the model does identify an increased production trend with wider spacing, but by a magnitude of less than 10% when taking a well from a 440ft spacing to unbounded.

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Oil Review Middle East

MARCH 10, 2025

Rystad forecasts QatarEnergy will invest between US$14-15bn per year over the next few years as it continues to invest heavily in the North Field gas field and expanding LNG capacity, while ADNOCs expenditure, which reached US$5.7bn last year, is forecast to increase given its target of 5mn bpd production capacity by 2027.

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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

So, the longer the laterals connected to each vertical hole, the more of the formation is exposed to production. Raoul LeBlanc That formula has also led producers to push the boundaries of technology in several facets of production. Obviously, drillers must be able to drill further and further out, which in itself is a huge challenge.

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Completion IT Oil Basin 59

Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen?

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The Energy Law

FEBRUARY 3, 2021

Delaware Basin Resources LLC , 08-20-00060-CV, the Court of Appeals for the Eighth District of Texas (El Paso) recently held oral argument on the proper construction of the word “and” used in a Delaware Basin oil and gas lease. The leases also required DBR to commence drilling operations within the primary term of three years.

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Rextag

NOVEMBER 11, 2024

Before it was Expand Energy, the largest natural gas-weighted exploration and production company in the U.S., The newly formed company, now known as Expand Energy, operates under the Nasdaq ticker EXE, symbolizing its fresh identity in the energy landscape. From Bankruptcy to #1! it was Chesapeake Energy. With its recent $7.4

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Natural Gas Gas Energy Energy 40

Oil Gas Leads

MARCH 13, 2025

The Permian Basin continues to see significant shifts in ownership as oil and gas operators refine their asset portfolios. One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. domestic energy production.

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Basin Management Energy Energy 52

Rextag

JANUARY 16, 2025

Civitas Resources is reportedly considering the sale of its oil and gas assets in Colorados Denver-Julesburg (D-J) Basin and may reinvest the proceeds in acquiring additional assets in the Permian Basin, including the highly sought-after position held by Double Eagle IV, according to analysts and media reports.

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Oil Gas Leads

MARCH 7, 2025

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. power demand. “At flat activity, we can grow the Lower 48 business.

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Oil Gas Leads

MARCH 13, 2025

natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. Haynesville Basin: The Right Time to Ramp Up The Haynesville Basin, located in eastern Texas and northwestern Louisiana, has long been a critical natural gas-producing region. BP is doubling down on its U.S. million and 2.5

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Oil & Gas 360º

MARCH 10, 2025

” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta. billion 1.

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Rextag

FEBRUARY 24, 2025

Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? How will new policies impact production and investment strategies?

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Oil Gas Leads

MARCH 11, 2025

Accurate Daily Drilling Reports (DDR) are essential for optimizing drilling operations, tracking costs, and ensuring project efficiency. In this blog, well explore the most common pitfalls in DDR reporting and how companies can improve their data collection and cost tracking.

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Oil and Gas Investments

NOVEMBER 27, 2024

Production from Latin America represents just a sliver of overall supply. That mine is owned by Mosaic, who will give the mine a small increase in production in 2024 from 350,000 tonnes to 400K. But that is about to change when Brazil Potash’s Autazes mine lifts off into production. Which is a BIG advantage! feet thick.

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Valor

MARCH 10, 2025

Pennsylvania is considering leaving the PJM regional grid to expedite projects, while states like Indiana, Michigan, and Louisiana explore nuclear energy, and Missouri and Kansas compete to attract investments in natural gas plants. dry gas production rose 2.1% Read more U.S. per barrel (up 1.22%) and Brent at $70.41 In response, U.S.

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Valor

FEBRUARY 11, 2025

The improved earnings were primarily due to increased oil equivalent production volumes, which averaged 2,183 thousand barrels of oil equivalent per day, up from 1,902 MBoe/d in the prior year. The Permian Basin saw the largest increase, adding four rigs, highlighting the resilience of U.S. billion, a slight decrease from $15.31

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Energy Energy Oil Exploration and Production 52

Aresco

NOVEMBER 18, 2024

Investors are turning to private oil and gas companies, such as Aresco LP , to explore direct investments in exploration and development projects. For many in the industry, these policies limited growth and deterred investment in domestic energy production. energy exports. based energy companies. Over the past few years, U.S.

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Oil Gas Exploration and Production Energy 52

Aresco

NOVEMBER 7, 2024

As the transition period unfolds, industry leaders are preparing for a pro-energy administration that prioritizes domestic production, balanced regulation, and strategic infrastructure investments. crude oil production became number one in the world , surpassing Saudi Arabia and Russia. In 2018, U.S. In 2018, U.S.

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