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Pickering: Will Improving Drilling Efficiencies Outrun Inventory-led M&A?

Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners.

Dec 6
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E&P Highlights: Dec. 2, 2024

Dec 2

Oxy Aims to Expand Lithium Tech to Arkansas

Nov 26
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As Upstream M&A Settles, Oilfield Services Gear Up for More Deals

Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.

Kolibri CEO Expects Tishomingo Well Pad to be 'More Economic'

Kolibri Global Energy Inc., an operator in the Tishomingo Field in Oklahoma, reported strong performance at its Alicia Renee well pad.

Pickering: Will Improving Drilling Efficiencies Outrun Inventory-led M&A?

Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners.

Q&A: How EthosEnergy Keeps the Oil and Gas World Spinning

EthosEnergy CEO Ana Amicarella says power demands and tools are evolving onshore and offshore and for LNG and AI.

E&P Highlights: Dec. 2, 2024

Here’s a roundup of the latest E&P headlines, including production updates and major offshore contracts.

DNO Discovers Oil in New Play Offshore Norway

DNO ASA estimated gross recoverable resources in the range of 27 MMboe to 57 MMboe.

First Helium Plans Drilling of Two Oil Targets in Alberta

First Helium Inc. has identified 10 other sites in the Leduc formation.

Oxy Aims to Expand Lithium Tech to Arkansas

Occidental Petroleum CEO Vicki Hollub confirms the Arkansas leases with its TerraLithium subsidiary that could expand its joint venture with Warren Buffett’s BHE Renewables.

E&P Highlights: Nov. 25, 2024

Here’s a roundup of the latest E&P headlines, including North Sea production updates as well as major offshore contracts and a transfer of interests by Exxon in Suriname.

Falcon, Tamboran Spud Second Well in Australia’s Beetaloo

Falcon Oil & Gas Ltd., with joint venture partner Tamboran, have spud a second well in the Shenandoah South Pilot Project in the Beetaloo.

Fugro’s Remote Capabilities Usher In New Age of Efficiency, Safety

Fugro’s remote operations center allows operators to accomplish the same tasks they’ve done on vessels while being on land.

E&P Highlights: Nov. 18, 2024

Here’s a roundup of the latest E&P headlines, including new discoveries in the North Sea and governmental appointments.

Norway's Massive Johan Sverdrup Oilfield Shut by Power Outage

Norway's Equinor has halted output from its Johan Sverdrup oilfield, western Europe's largest, due to an onshore power outage, the company said on Nov. 18.

MVP Lithium Taps Evove to Commission DLE Plant in Canada

Midas Vantage Projects Lithium said the plant will be located in the Montney Formation in Canada and is considered a “promising new lithium resource.”

Coterra Eyes Wolfcamp D, Penn Shale Upside with $3.95B Permian M&A

With $3.95 billion in Permian M&A, Coterra is adding new Delaware Basin locations in the Bone Spring, Harkey and Avalon benches—and eyeing upside from deeper zones.

EnerMech Secures Contract with Major North Sea Operator

EnerMech will monitor the condition of the U.K. assets in accordance with safety and operational standards.

2024 E&P Meritorious Engineering Awards for Innovation

Hart Energy’s MEA program highlights new products and technologies demonstrating innovations in concept, design and application.

GeoPark Announces Production Start at Argentina’s Confluencia Norte

GeoPark expects production at the Confluencia Norte Block in Rio Negro, Argentina to reach its peak within 90 days of startup.

Interoil Extends Asset Life with Successful Well Intervention in Colombia

Interoil’s intervention brought production at Vikingo well back up to 400 bbl/d of oil.

E&P Highlights: Nov. 11, 2024

Here’s a roundup of the latest E&P headlines, including Equinor’s acquisition of a stake in a major project and a collaboration between oilfield service companies.