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E&P Highlights: May 12, 2025
Here’s a roundup of the latest E&P headlines, including an alliance for cross-compression services and a boost in 4D seismic acquisition activity in Northern Europe.
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Orion Buys Oklahoma SCOOP/STACK Royalty Interests
Orion Diversified Holding Co. closed on its second deal in May and now holds 53,160 mineral acres in various plays including the Bakken, Eagle Ford Shale, SCOOP/STACK and Permian Basin.
EOG Secures Award to Explore Abu Dhabi for Unconventional Oil
U.S. shale giant EOG Resources will evaluate 900,000 acres in a hydrocarbon-rich basin in Abu Dhabi under a new concession agreement with ADNOC.
Lower 48 Well Completions Doubled Since Late 2014, EIA Says
Operators have been able to accelerate production and reduce costs by completing multiple wells at once rather than sequentially, the U.S. Energy Information Administration said.
E&P Highlights: May 12, 2025
Here’s a roundup of the latest E&P headlines, including an alliance for cross-compression services and a boost in 4D seismic acquisition activity in Northern Europe.
E&P Highlights: May 5, 2025
Here’s a roundup of the latest E&P headlines, including a new robotic manufacturing system and a learning platform for drilling contractors on the way in 2026.
APA Reveals 2,700 bbl/d Test Results from Sockeye-2 in Alaska
APA Corp. said Sockeye-2, located in Alaska’s eastern North Slope, was drilled to a depth of approximately 10,500 ft and averaged 2,700 bbl/d during the final flow period.
Rhino Resources Makes Oil Discovery in Namibia’s Orange Basin
Rhino Resources’ Capricornus 1-X exploration well achieved a flow rate exceeding 11,000 bbl/d offshore Namibia.
E&P Highlights: April 21, 2025
Here’s a roundup of the latest E&P headlines, from new LNG production offshore Africa to new seismic maps offshore Mauritania.
Scout Surface Solutions Acquires Kinetic to Expand Offerings
Scout Surface Solutions LLC is expanding its oil and gas services with the acquisition of Kinetic Pressure Control.
Golar’s FLNG Gimi Completes First Offload to British Sponsor
Golar LNG’s floating LNG vessel Gimi, located offshore Mauritania and Senegal, offloaded its first full cargo to LNG carrier British Sponsor.
Vertice Oil Tools Acquires Greenwell Engineering
Vertice is expanding its presence across unconventional oil & gas markets with its purchase of Greenwell Engineering Inc.
Bernstein: Wells with IPs of 1,000 boe/d the ‘New Norm’
The share of 1,000 boe/d producers in the overall population of wells drilled in 2024 rose to 46% year-over-year; 2025 could be the year a majority of wells hit the “thousand club” threshold, Bernstein reports.
ADNOC Explores $9B Acquisition of Aethon’s Haynesville Assets—Report
Abu Dhabi National Oil Co. (ADNOC) is evaluating an acquisition of natural gas assets from Aethon Energy Management valued at around $9 billion, Bloomberg reported April 11.
Saudi Aramco Discovers 14 Minor Oil, Gas Reservoirs
Saudi Aramco’s discoveries in the eastern region and Empty Quarter totaled about 8,200 bbl/d.
Barrell Energy Raises Funds to Deepen Smackover Footprint
Barrell Energy said it plans to increase its portfolio company Barrell Lithium’s leasehold to approximately 40,000 acres within the Smackover play.
Infinity’s Utica Oil Output Rising as Play M&A, Expansion Underway
Securities analysts expect some M&A may be coming from the growing oil and wet-gas results in eastern Ohio, they report, including by newly public Infinity Natural Resources.
E&P Highlights: April 7, 2025
Here’s a roundup of the latest E&P headlines, from BP’s startup of gas production in Trinidad and Tobago to a report on methane intensity in the Permian Basin.
TGS to Conduct Ocean-Bottom Node Survey Offshore Trinidad
TGS has awarded a client a shallow water ocean bottom node contract offshore Trinidad.
Black Gold, LGX Find Multiple Pay Zones in Western Indiana
Black Gold Exploration Corp. and LGX Energy Corp. are working to start production at the Fritz 2-30 oil and gas well in Indiana within 60 days.
RPC Acquires Pintail Completions to Expand Permian OFS Operations
RPC Inc. paid $245 million in cash and other considerations for the wireline service provider.