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The Midland Basin, located within the eastern region of the Permian Basin, has seen a steady amount of new E&P activity since 2011.
Check out the latest oil and gas drilling activity highlights across the U.S. including a Marcellus discovery announced by Chesapeake Energy in Pennsylvania’s Bradford County plus the two strongest Haynesville Shale wells drilled to date in North Louisiana.
The emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.
Oil prices have rallied to an 11-month high this month, helped by a Jan. 5 decision by most members of OPEC+ to hold production steady in February and a pledge by Saudi Arabia to voluntarily cut output.
Pace and response to vaccines add uncertainty to planning, says agency analyst.
Both crude oil benchmarks are trading at the highest since February 2020, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdown.
In an era where many would like to wish hydrocarbon-based energy away, we at Oil and Gas Investor celebrate the American independent producers that supply much of our world’s existing energy needs. And, just for fun, we’re going to rank you.
Pipeline operator Kinder Morgan raised concerns over the pace of ramp-up in spending in top U.S. shale basins following a rebound in oil prices after beating Wall Street estimates for quarterly results.
Equinor, formerly called Statoil, received the Athabasca Oil shares in 2017 as part of a deal to sell its Kai Kos Dehseh oil sands project in the Canadian province of Alberta.
Led by industry and investment veteran Claire Harvey, ARM Resource Partners will focus on acquiring passive oil and gas interests across the Lower 48.
Despite the challenges brought on by COVID-19, oil and gas companies are investing in low-carbon technologies, in line with the broader energy transition taking place across the industry.
Subsea 7 SA has been awarded a substantial contract by Chevron Corp. subsidiary Cabinda Gulf Oil Company Ltd. (CABGOC), the company said on Jan. 22.
Oilfield equipment and services provider Baker Hughes Co. on Jan. 21 joined larger rival Halliburton Co in saying the energy industry’s worst downturn in decades would turn a corner this year.
The outlook for U.S. shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, OPEC said on Jan.14, in a sign its policy of cutting output is helping rivals pump more.
Though oil and gas companies’ plans are still developing, the Americas are expected to dominate high-impact exploration activity.
Some parts of the world are poised to see spending growth, while others remain in recovery mode during a “transition year” for the oil and gas industry.
The Oil & Gas Asset Clearinghouse is partnering with Sawtooth Operating Co. to market an operated working package that includes 58 wells in Chambers, Galveston and Brazoria counties, Texas.
Bids for Exxon Mobil's British North Sea oil and gas fields, which were expected to fetch about $1 billion, were due on Oct. 28, sources say.
EnergyNet has been retained by undisclosed sellers for the sale of operated well packages in North Texas in Jack, Montague and Wise counties through sealed-bid offerings.
Group supports a market-based approach to accelerate reductions in greenhouse gases.
Oregon’s denial of a clean water permit is upheld by the commission.
Formal issuance of the leases in Alaska's Arctic National Wildlife Refuge came a day before the inauguration of Democratic President-elect Joe Biden, who has pledged to ban new oil and gas leasing on federal lands.
New CEO is a veteran Shell executive from its pipeline and petrochemical units.
Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.
President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day, according to a source familiar with his thinking.