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E&P Drilling: 3D Inversion of Ultradeep Electromagnetic Data

Exploration & Production

E&P Drilling: 3D Inversion of Ultradeep Electromagnetic Data

A 3D inversion of ultradeep EM data provides a useful tool for identifying a change in resistivity all around the borehole.

Saudi Aramco’s $75 Billion Dividend Dilemma

Public Capital

Saudi Aramco’s $75 Billion Dividend Dilemma

Months after the world’s biggest IPO, Saudi Aramco is finding it harder to pay shareholders.

E&P Bankruptcies Bring Renewed Focus on Fresh-start Valuation


E&P Bankruptcies Bring Renewed Focus on Fresh-start Valuation

Now is the time for oil and gas companies emerging from Chapter 11 bankruptcy to adequately address their associated fresh-start reporting and valuation considerations.

MarketsSee More

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Oil Rises After Bigger-Than-Expected Drop in Inventories

Hopes rise that fuel demand can weather the pandemic.

US Oil Production Drop in 2020 to Be Steeper Than Last Forecast

The EIA said U.S. oil production curtailments were more extensive than estimated for its previous month's report, leading to the revision this month.

US Natgas Futures Soar to December High in Best Week Since 2009

Front-month gas futures rose 7.3 cents, or 3.4%, to settle at $2.238 per million British thermal units, their highest close since Dec. 26.

Saudi Arabia Cuts September Crude Prices to Asia

Saudi Arabia's state oil producer Aramco has cut the official selling prices for its crude to Asia and Europe, while leaving them unchanged for the U.S., a document obtained by Reuters showed.

BusinessSee More

PATH FORWARD: WPX Energy’s Clay Gaspar Talks Permian Outlook, ESG, Tech

PATH FORWARD: WPX Energy’s Clay Gaspar Talks Permian Outlook, ESG, Tech

Clay Gaspar, president and COO at WPX Energy, sat down with Hart Energy’s Jessica Morales for an in-depth look at the shale producer’s outlook for the Permian and Williston basins along with the importance of ESG.

Occidental to Cut Debt Before Boosting Oil Production, CEO Vicki Hollub Says

Occidental is restarting some activity in the Permian Basin and Gulf of Mexico, but its focus is to "ensure that we have the liquidity to go forward so we have the ability to meet our maturities," CEO Vicki Hollub says.

Saudi Aramco Moves Forward with Plan to Boost Oil Output Capacity, CEO Says

Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million bbl/d to 13 million bbl/d despite cuts in capex this year and next year, CEO Amin Nasser says.

Occidental Petroleum Posts Fourth Straight Quarterly Loss on $6.6 Billion Write-down

Occidental Petroleum posted its fourth straight quarterly loss on Aug. 10 as it recorded a $6.6 billion impairment charge, largely to write down the value of its properties following a crash in oil prices.

TechnologySee More

E&P Spotlight: Enabling the Vision of Dynamic Gas-lift Optimization

E&P Spotlight: Enabling the Vision of Dynamic Gas-lift Optimization

With increased and improved data collection, gas-lift optimization can be automated across the full field and lead to operational discoveries that make an economical lift type even more cost effective.

Oil Major Chevron Invests in Nuclear Fusion Startup

Chevron Corp. said Aug. 12 it is investing in Zap Energy Inc., joining other oil majors who have also backed nuclear fusion startups to reduce their carbon footprint.

TGS Gears Up For 3D Seismic Survey in Powder River Basin

TGS, a leading provider of multiclient geoscience data for E&P companies, on Aug. 12 announced a new multiclient U.S. onshore 3D seismic survey within the Powder River Basin called Voyager 3D.

Petronas to Test New Subsea Pump

Aker Solutions-FSubsea joint venture FASTsubsea and Petronas’ subsidiary Petronas Research Sdn Bhd signed a joint industry project contract on Aug. 11 to develop and test a low-cost, topside-less subsea multiphase pump.

Exploration & ProductionSee More


Flaring Solutions: Staying Focused

Despite ongoing headwinds facing the battered oil and gas industry, reducing emissions remains a goal.


Texas Takes Steps to Reduce Flaring in Oil Sector

Changes would include reducing the amount of time an operator may get an administrative exception to flare natural gas.

(Source: Larry Prado, Hart Energy)

E&P: August 2020 International Drilling Activity Highlights

Check out the latest oil and gas drilling activity highlights from around the world featured in the August issue of E&P including Equinor’s discovery of a potentially large oil reservoir offshore Canada’s Flemish Pass plus an Alaska wildcat on the North Slope reported by 88 Energy.

(Source: Anton Petrus/

Experts Expect Tough Second Half Ahead for Oil Sector

Oil and gas companies face continued market volatility despite an already historic year so far.

TransactionsSee More

Southwestern Energy operates assets in Northeast Appalachia and Southwest Appalachia. (Source: Southwestern Energy)

Southwestern Energy Builds Position with Montage Resources Deal

The transaction, expected to close in the fourth quarter, would make Southwestern the third largest producer in Appalachia.

Energy A&D Transactions from the Week of Aug. 12, 2020

Here’s a snapshot of recent energy deals including the purchase of bankrupt Templar Energy by Presidio Petroleum, expanding Presidio’s Midcontinent position into Oklahoma’s STACK Play.

On the Market Oil and Gas Quicklist (Week of Aug. 12, 2020)

Here’s a quicklist of oil and gas assets on the market including a Delaware Basin royalty package from Tumbler Energy Partners plus the associated mineral interests in the historic Hanging H Ranch located in Reeves and Loving counties, Texas.

Brookfield in Talks to Buy Cheniere’s Stake from Blackstone

The infrastructure arm of Brookfield Asset Management Inc. is in talks to buy Blackstone Group Inc.’s minority stake in Cheniere Energy Partners, Bloomberg News reported on Aug. 11, citing people familiar with the matter.

Policy & RegulationsSee More


Babst Calland Attorneys Target Oil and Gas Political Issues to Watch

As the November election draws closer, Babst Calland’s Kevin Garber and Jean Mosites analyze the stance of major party candidates on key environmental issues and what the oil and gas industry can anticipate, depending on the victors.

Mexico President Reportedly Plans to Execute Energy Vision by Late September

Mexico's president Andres Manuel Lopez Obrador has given officials until late September to craft a plan to reassert state control over the energy industry, according to three people familiar with the matter.

Federal Judge Gives Army Corps Three Weeks to Detail DAPL Options

The U.S. Army Corps of Engineers is exploring four options, including some that would not require the Dakota Access pipeline to shut, said Ben Schifman, an attorney representing the Army Corps.

Winston & Strawn Launches ESG Advisory Group

The global law firm of Winston & Strawn on Aug. 6 announced the launch of a new environmental, social, and governance (ESG) advisory team, co-chaired by Houston-based partners Mike Blankenship and Eric Johnson

MidstreamSee More


Equitrans: Despite Permit Denial, MVP Southgate Remains On Track

North Carolina rejected a water permit for the pipeline extension.


Kinder Morgan Gets OK to Put 9th Unit at Elba LNG Plant in Service

All 10 trains are expected to be in service by the end of the summer.

Oil Companies Start to Take Back Crude from SPR

Nine companies have taken back 2.2 MMbbl.

Duke Takes $1.6 Billion Charge to Exit Atlantic Coast Pipeline

Duke Energy said it took a $1.6 billion after-tax charge for the cancellation of the Atlantic Coast natural gas pipeline. Project partner Dominion already took a $2.8 billion charge related to the cancellation.