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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

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Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] billion deal represents one of the last significant private positions in the Midland Basin and leaves very few remaining opportunities for mid-sized operators to acquire high-quality inventory. [1]

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When Numbers Lie: What Permian Basin Spacing Trends Donโ€™t Tell Us About Well Performance

Novi

As an operator decides between 440, 660, or 880 foot spacing, what are the production impacts in each scenario? In this series, we will explore the reasons behind these limitations, and the corrective solutions implemented by Novi algorithms. Figure 3: Spacing and production in the Delaware Basin.

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Natural gas production in the Haynesville fell by 2 Bcf/d in April from 2 months prior, the steepest decline in the history of the basin

Energy Central

Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest gas (and a little oil). To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.

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URTeC 2024 Recap: Insights and Highlights from the Novi Team

Novi

Novi Labs Papers Novi authored and presented 5 papers throughout the week, plus an alternate paper. We also explored the possibility of unsupervised clustering of machine learning-derived rock quality as a way of binning curves. Daily oil production from horizontal wells, segmented by year of first production.

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AI advisor helps exploration geologists make better, faster predictions

IBM: Oil & Gas

We gained these benefits from a recent project to apply artificial intelligence (AI) to early exploration research. This helps them to make better and faster decisions in the intense competition for gas and oil exploration contracts. From acquiring licenses to starting production can take over a decade.

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$4 Billion Deal in the Works? Civitas Considers Permian Expansion, D-J Basin Sale

Rextag

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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