Richard
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Hart Energy
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E&P Highlights: Dec. 16, 2024
Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
Partnership to Deploy Clean Frac Fleets Across Permian Basin
Diamondback Energy, Halliburton Energy Services and VoltaGrid are working together to deploy four advanced electric simul-frac fleets across the Permian in an effort to enhance clean and efficient energy solutions in the region.
US Oil, Gas Rig Count Unchanged at 589 in Week to Dec. 13, Baker Hughes Says
U.S. energy firms this week operated the same number of oil and natural gas rigs as they did last week, according to Baker Hughes' weekly report.
Tethys Oil Suspends Kunooz-1 Well in Oman
The decision to suspend its Kunooz-1 exploration well comes after flow testing failed to confirm the presence of commercially-viable hydrocarbons, Tethys said.
NOG Commits Up to $160MM to Appalachian Basin Joint Venture
Northern Oil and Gas has entered a joint development program with an Appalachian Basin operator, which wasn’t named, in exchange for a 15% working interest, the company said.
Uinta’s Scout Energy Likely Not for Sale as Takeaway to Gulf Rises
Despite the Uinta Basin’s recent flurry of M&A activity, Scout Energy Partners isn’t looking to sell anytime soon, said the company’s executive vice president, Juan Nevarez, at Hart Energy’s Executive Oil Conference.
Energy Vault, RackScale Partner to Scale Up Data Centers by 2 GW
The Energy Vault-RackScale Data Centers partnership emerges as hyperscalers continue to lock in electricity, including from renewables and energy storage systems, to meet growing power needs.
Anschutz Explores Utah Mancos Shale Near Red-Hot Uinta Basin
Outside of the Uinta Basin’s core oil play, private E&P Anschutz Exploration is wildcatting in Utah’s deeper, liquids-rich Mancos shale bench, according to a Hart Energy analysis.
Nabors, ProPetro Plan to Deliver High Voltage to Drillers
Nabors Industries, in partnership with e2Companies, and, separately, ProPetro Holding Corp., both launched oilfield electrification solutions on Dec. 10.
In Busy Minerals M&A Year, Freehold Grabs $152MM Midland Interests
Canadian player Freehold Royalties is getting deeper in the Permian with a CA$216 million (US$152 million) Midland Basin acquisition as minerals buyers intensify M&A in the basin.
E&P Highlights: Dec. 9, 2024
Here’s a roundup of the latest E&P headlines, including a major gas discovery in Colombia and the creation of a new independent E&P.
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.
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.
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.