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Standard Lithium, Equinor Win $225MM DOE Grant for Lithium Project
Equinor and Standard Lithium aim to reach a final investment decision on its South West Arkansas lithium project in the Smackover Formation by year-end 2025.
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Enverus: M&A Set to Cool with Smaller Deals, Higher Breakevens
With fewer acquisition targets, Enverus Intelligence Research said the quality of acquired inventory is declining, with breakevens averaging $50/bbl in 2024 versus $45/bbl in 2022 and 2023.
Industry Players Get Laser Focused on Emissions Reduction
Faced with progressively stringent requirements, companies are seeking methane monitoring technologies that make compliance easier.
Standard Lithium, Equinor Win $225MM DOE Grant for Lithium Project
Equinor and Standard Lithium aim to reach a final investment decision on its South West Arkansas lithium project in the Smackover Formation by year-end 2025.
Formentera Joins EOG in Wildcatting South Texas’ Oily Pearsall Pay
Known in the past as a “heartbreak shale,” Formentera Partners is counting on bigger completions and longer laterals to crack the Pearsall code, Managing Partner Bryan Sheffield said. EOG Resources is also exploring the shale.
E&P Highlights: Jan. 13, 2025
Here’s a roundup of the latest E&P headlines, including Chevron starting production from a platform in the Gulf of Mexico and several new products for pipelines.
Atlas Energy’s Dune Express Makes First Proppant Delivery to NM
Atlas Energy Solutions’ 42-mile Dune Express fully electric conveyor system delivered its first commercial load of proppant sand from Texas to New Mexico on Jan. 12.
Pioneer to Adapt Emvolon’s Flare Gas-to-Methanol Tech
The Department of Energy awarded Pioneer Energy $6 million to demonstrate the technology at an oil and gas facility in the Eagle Ford Shale for 12 months.
On The Market This Week (Jan. 6, 2025)
Here is a roundup of listings marketed by select E&Ps during the week of Jan. 6.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
Halliburton, Coterra Launch Fully Automated Hydraulic Fracturing Tech
Halliburton Energy Services and Coterra Energy’s initial rollout of their autonomous hydraulic fracturing technology led to a 17% increase in stage efficiency.
Equinor’s Norwegian Troll Gas Field Breaks Production Record
Equinor says its 2024 North Sea production hit a new high thanks to equipment upgrades and little downtime.
Microseismic Tech Breaks New Ground in CO2 Storage
Microseismic technology has proved its value in unconventional wells, and new applications could enable monitoring of sequestered CO2 and facilitate geothermal energy extraction.
Innovative Insulation: The Future of Thermal Management
Silicone-based, spray-on coating simplifies application and improves protection for downstream assets and workers.
E&P Highlights: Dec. 30, 2024
Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
Subsea7 Awarded Contract for Gas Field Offshore Turkey
Subsea7 will provide inspection, repair and maintenance for the Sakarya field.
Delivering Dividends Through Digital Technology
Increasing automation is creating a step change across the oil and gas life cycle.
Baker Hughes: US Drillers Keep Oil and NatGas Rigs Unchanged for Third Week
U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row.
Small Steps: The Continuous Journey of Drilling Automation
Incremental improvements in drilling technology lead to significant advancements.
Understanding the Impact of AI and Machine Learning on Operations
Advanced digital technologies are irrevocably changing the oil and gas industry.
Permian Operators Cut Methane Emissions by 26% in 2023, S&P Global Says
S&P Global credits improved equipment and technology for helping with methane emissions reductions in the Permian Basin.