All observers expect Permian consolidation. Some is already underway. Dance cards are filling up. Meanwhile, PE-backed E&Ps are holding on well past their original exit targets. What’s to come?
Randy King, Managing Director, Anderson King Energy Consultants LLC
April US Shale Production Set to Rise to Highest Since December 2019
2023-03-13 - Crude output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise to 5.62 MMbbl/d. Though that would be a record high, oil output from the region is expected to gain by 26,000 bbl/d from the previous month, it’s also the smallest increase since last December, the data showed.
Drilling Underway for Deep Earth Well in China
2023-05-08 - Sinopec’s well has a depth of 9,472 m, which makes it the deepest oil and gas well in Asia.
Ecopetrol Says Permian ‘Strategic’ to Its Portfolio
2023-05-12 - Colombia state energy giant Ecopetrol, partnered in the Permian Basin with Occidental Petroleum, continues to view its U.S. shale assets as ‘strategic’ within its portfolio.
Tech Trends: Why Data Ops with Cognite Helps the Energy Industry [WATCH]
2023-04-18 - In this week's episode of Hart Energy Live's E&P Tech Trends, Jennifer Pallanich sat down with Cognite co-founder John Markus Lervik to discuss data operations and unlocking ways to scale out uses efficiently.
Eni’s Yatzil Well Hits in Mexican GoM
2023-03-17 - Eni’s Yatzil well found 130 ft of pay, and the operator estimates 200 MMboe reserves in place.