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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

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Pilot Program Focuses on Putting Electric F-150s to Work

NGT News

Merge Electric Fleet Solutions is initiating a new pilot program to deploy fully-electric Ford F-150 Lightning trucks in the Permian Basin area, enabling oil and gas operators and service companies to test fully-electric pickup trucks, determine how they will meet drivers’ needs and confidently build a fleet electrification plan.

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

(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. Offshore infrastructure projects are also advancing, including Enis Structures A&E Project, which channels gas from two fields to the Mellitah treatment plant.

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Ex-Pioneer CEO: Shale can’t thrive at $50 oil

Oil & Gas 360º

(Oil Price) –The founder of Pioneer Natural Resources has a warning for the U.S. oil producersthe next two years will not be easy, and drill, baby, drill isnt happening at $50 oil price. Its really hard to make money at $50 oil, Sheffield told Bloomberg. That $50 oil is not going to work Earlier this week, U.S.

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Upstream Production Report: 2022 vs. 2023 vs. 2024 – Main Basins, Operators, Oil vs. Gas

Rextag

This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output. EQT is notable for its gas-heavy production profile. in 2024.

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SM Energy reports record proved reserves, including 34 percent in Midland Basin

Permian Basin Oil and Gas Magazine

SM Energy of Denver recently reported record oil production for 2024 and also a company record for yearend estimated net proved reserves. Oil production last year was 29.4 Reserves were comprised of 44 percent oil, 38 percent natural gas and 18 percent NGLs. Total production was 62.4

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Evolution Petroleum acquires oil, gas assets in Chaves, Roosevelt counties in NM

Permian Basin Oil and Gas Magazine

Houston-based Evolution Petroleum said last week it agreed to acquire non-operated oil and natural gas assets in New Mexico and Louisiana for $9 million. The acquisition extends Evolutions asset portfolio with about 440 boed of net production (60 percent oil, 40 percent natural gas). Closing is expected in 3Q.