The Latest

Buyers Scramble for Their Slice of the Haynesville

A natural gas demand wave approaches, but there’s precious little left in the market to buy in the coveted Haynesville Shale.

Lower 48 Well Completions Doubled Since Late 2014, EIA Says

Operators have been able to accelerate production and reduce costs by completing multiple wells at once rather than sequentially, the U.S. Energy Information Administration said.

Get a Lift: Baker Hughes Innovates ESPs with AI, Physics Modeling

The Leucipa ESP Optimizer was recognized with the Spotlight on New Technology award at the Offshore Technology Conference.

E&P Highlights: May 12, 2025

Here’s a roundup of the latest E&P headlines, including an alliance for cross-compression services and a boost in 4D seismic acquisition activity in Northern Europe.

Algeria Launches Program to Grow Oil, Gas Production

The African nation has extended its bid submissions for a hydrocarbon tender to July.

East Daley: Data Center Renaissance Juices Gas Outlook

AI is expected to spur an additional 3 Bcf/d-15 Bcf/d in demand by 2030.

US Oil, Gas Rig Count Falls to Lowest Since January

The oil and gas rig count fell by six to 578 in the week to May 9. Baker Hughes said this week's decline puts the total rig count down 25, or 4% below this time last year.

Valaris Sells Jackup Offshore Australia to BW Energy for $108MM

Valaris Ltd. is selling its jackup VALARIS 247 to BW Energy for approximately $108 million.

Williams Leverages Transco Network to Boost Power in Virginia, Southeast

Williams Cos. is developing gas capacity expansion projects across the U.S., including the Transco Power Express which intends to add 950 MMcf/d of natural gas supplies to Virginia.

CRC to Start Construction on California’s First CCS Project in ‘25

California Resources Corp.’s carbon management subsidiary Carbon TerraVault Holdings is targeting additional carbon capture and storage projects.