The Latest

E&P Highlights: Sept. 9, 2024

Here’s a roundup of the latest E&P headlines, with Talos Energy announcing a new discovery and Trillion Energy achieving gas production from a revitalized field.

TGS Awarded 2D Survey in the Sumatra Basin

TGS’ Sumatra Basin seismic acquisition is expected to be completed by the end of 2024.

Service Companies Innovex, Dril-Quip Complete Merger

The combined onshore and offshore services companies Dril-Quip Inc. and Innovex Downhole Solutions, are expected to generate more than $1 billion in annual revenue.

US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row

The oil and gas rig count fell by one to 582 in the week to Sept. 6, the lowest since June. 

Talos Makes Discovery, Adds Prospect to Drilling Portfolio in GoM

Talos Energy Inc. made an oil and natural gas discovery at the Ewing Bank 953 well and entered into an agreement to began prospecting the Sebastian well in the Gulf of Mexico.

Noble Closes $1.6B Diamond Acquisition

Noble Corp.’s cash-and-stock deal to acquire Diamond Offshore Drilling comes as service companies continue to consolidate in an aftershock of widespread upstream M&A.

Breakthroughs in the Energy Industry’s Contact Sport, Geophysics

At the 2024 IMAGE Conference, Shell’s Bill Langin showcased how industry advances in seismic technology has unlocked key areas in the Gulf of Mexico.

Go Long: Exxon, EOG Extend Permian Laterals, Lead US Onshore Drilling

When it comes to drilling in U.S. onshore basins, no other operators are drilling more than Exxon Mobil and EOG Resources, according to Enverus data.

Franklin Mountain Pulls Trigger on Gunbarrel’s 18-well Delaware Project

In August, Franklin Mountain Energy brought online its 18-well Gunbarrel project, targeting the Delaware Basin’s Third Bone Spring and Wolfcamp A, among other intervals.

Baker Hughes Updates Leadership to Deliver on Growth Strategy

Baker Hughes’ updates to its leadership team will go into effect on Oct. 1.