Lisa
El-Amin
Touchstone Explores Trinidad and Tobago with Fifth Cascadura Well
Touchstone Exploration Inc. drilled its Cascadura-5 development well onshore Trinidad and Tobago on time and within budget after encountering “encouraging” data.
Forget Type Curves: Novi’s AI Offers Window into Undrilled Wells
After raising $35 million from Invictus, energy-focused AI developer Novi Labs expects to launch its unique machine learning platform into other energy sectors outside of oil and gas— and possibly buy a company or two while it’s at it.
E&P Highlights: July 7, 2025
Here’s a roundup of the latest E&P headlines, including a natural gas discovery offshore by Exxon Mobil.
Report: Permian Resources is Delaware Basin’s Most Undervalued E&P
Raymond James’ E&P analyst John Freeman last delved into the Delaware Basin in 2023. This year, Permian Resources ranked last when comparing market valuation to core, future well locations.
US Proposes Updated Commingling Regulations for Oil, Gas Operators
The Interior Department’s proposal to combine oil and gas production from multiple leases or reservoirs is intended to boost production in line with President Donald Trump’s energy dominance agenda.
Oilfield Service Firms Keep Merging to Survive
Faced with shrinking customer bases, rising costs and a slowing market, publicly traded oilfield services firms like SLB, DNOW and DXP are leaning into M&A to gain scale, efficiency and tech advantage.
Exxon Mobil Finds Natural Gas Reservoir Offshore Cyprus, Government Says
A consortium led by Exxon Mobil has found a reservoir of natural gas at a prospect off the island's coast, a Cypriot government spokesperson said on July 7.
Ithaca Boosts North Sea Stake with $136MM Japex Deal
U.K.-based E&P Ithaca Energy closed an acquisition of North Sea interests from Japan Petroleum Exploration Co. (Japex).
10 Years Strong: Surge Energy Powers Through the Midland Basin
Ten years since Surge Energy incorporated and took a chance on difficult terrain, the privately held producer sets its sights on organic growth and corporate acquisitions.
Anschutz: Powder River’s Winning Factor? Vast Potential
Anschutz Exploration is avoiding the noise of market uncertainty in the Rockies’ Powder River Basin, operating under CEO Joseph DeDominic’s strategy of working “like you’re going to own it for the life of the well.”