The Latest

Restructurings

NGL Energy Partners Provides Settlement Update on Extraction Bankruptcy

Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.

January 19, 2021

Rig Counts

Hart Energy Unconventional Activity Tracker (Week of Jan. 18, 2021)

The U.S. rig count rose by 10 in the last week, according to Enverus which also notes that the count is down less than 1% in the last month and down 50% year-over-year.

January 19, 2021

Exploration & Production

E&P Plus Digital Solutions: AI-powered Gas Leak Detection Technology Improves Workplace Safety

The new AI module provides pattern-finding automation for gas leak detection.

January 19, 2021

Discoveries

Kosmos, Partners Hit Oil in GoM’s Green Canyon Area

The Winterfell ILX well, designed to test a subsalt Upper Miocene prospect in Green Canyon Block 944, hit about 26 m (85 ft) of net oil pay in two intervals, Kosmos said.

January 19, 2021

Field Development

Equinor Awards Wireline Services Deals to Altus, Archer

Altus Intervention AS and Archer Integrated Services AS have been awarded framework contracts on Jan. 19 for supplying integrated wireline services within well intervention to Equinor’s fixed platforms.

January 19, 2021

Exploration & Production

Norway Awards Oil, Gas Exploration Rights to 30 Firms

Firms that won stakes in the licenses included Equinor, Shell, Aker BP, ConocoPhillips, Total, Lundin Energy and Eni’s Vaar Energi.

January 19, 2021

Exploration & Production

Report: Methane Emissions from Oil, Gas Production Fell 10% in 2020

In 2020, oil and gas operations emitted over 70 million tonnes of methane, or around 10% less than in 2019, the IEA says.

January 19, 2021

Public Capital

ConocoPhillips Completes Concho Acquisition; Tim Leach Joins Leadership

The Concho acquisition gives ConocoPhillips about 700,000 net acres in the Permian Basin—more than quadruple the size of its previous position in the Permian.

January 19, 2021

Exploration & Production

Exxon Mobil Says Latest Guyana Well Did Not Find Oil in Target Area

The disappointment at Hassa-1 comes after Exxon said in November its crude discovery at the Tanager-1 well in the Kaieteur block was not financially viable on its own.

January 15, 2021

Field Development

Nigeria’s Heirs Holdings Buys 45% of Oilfield OML 17

In a separate statement, TNOG owner Heirs Holdings said it had taken a 45% stake in the field, acquiring the stakes of Shell, Total and Eni.

January 15, 2021