US Gas Rig Count Falls to Lowest Since January 2022

The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22. 

California Resources Corp. Nominates Christian Kendall to Board of Directors

California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.

CERAWeek: NOCs Balance Financial Realities, Energy Transition

National oil companies’ strategies include diversifying energy sources and seeking reserves located deeper in the ground and in deeper waters, while still working to curb emissions.

Discovery Lithium Signs LOI to Acquire Midex Resources

Discovery Lithium signed a non-binding letter of intent to acquire a 43,000-hectare land position in known lithium-bearing pegmatite fields.

Less Heisenberg Uncertainty with Appraisal Wells

Equinor proves Heisenberg in the North Sea holds 25 MMboe to 56 MMboe, and studies are underway for a potential fast-track tieback development.

Jerry Jones Invests Another $100MM in Comstock Resources

Dallas Cowboys owner and Comstock Resources majority shareholder Jerry Jones is investing another $100 million in the company.

CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea

CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.

E&P Highlights: March 15, 2024

Here’s a roundup of the latest E&P headlines, including a new discovery and offshore contract awards.

M4E Lithium Closes Funding for Brazilian Lithium Exploration

M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.

Exclusive: Carbo Sees Strong Future Amid Changing Energy Landscape

As Carbo Ceramics celebrates its 45th anniversary as a solutions provider, Senior Vice President Max Nikolaev details the company's five year plan and how it is handling the changing energy landscape in this Hart Energy Exclusive.