The Latest

Comstock: Monster Western Haynesville Wildcats Cost $30MM-plus

Comstock Resources is flowing back a 13th well currently in the play where the oldest has made 2.2 Bcf per 1,000 lateral feet to date in its first 29 months online.

Drilling Tools International to Buy UK’s Titan Tools Services

Drilling Tools International said the acquisition of U.K.-based Titan will enhance its market presence in the North Sea, Europe and Africa.

Hess Goes Forth in Bakken with Chevron Deal Entangled in Dispute

Waiting to close a $55 billion sale to Chevron, Hess Corp. plans to continue running four rigs in the North Dakota Bakken shale play through the fourth quarter.

Brazil’s Mero-3 Offshore Development Reaches First Oil

With the start-up of Mero-3, the production capacity of the Mero field has reached 590,000 bbl/d.

BP Awards OneSubsea EPC Contract for GoM Kaskida Project

The OneSubsea subsea boosting system will supply the artificial lift needed to maximize production through the accelerated recovery of reserves.

Matador’s U-lateral Delaware Tests Outproduce 2-mile Straight Holes

Matador Resources' results from eight Loving County, Texas, tests include two 2-mile U-turn laterals, five 2-mile straight laterals and one 1-mile straight lateral, according to state data.

Oceaneering Acquires Global Design Innovation

Oceaneering purchased Global Design Innovation, the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images.

BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks

Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.

Matador Slashes Debt with $113MM Piñon Midstream Payout

Enterprise Products Partners closed its purchase of Piñon Midstream for $950 million on Oct. 28, earning Matador Resources $113 million for its roughly 19% ownership interest.

E&P Highlights: Oct. 28, 2024

Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.