Enverus: Permian Gains Will Sustain US Oil Production Through 2030

Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.

Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas

Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.

Chevron, Total’s Anchor Up and (Almost) Running

During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.

OTC: Will More Electrical Demand Bring Energy Debate Back to Reality?

Energy experts, including Scott Tinker, touted the importance of discussing the environmental and economic impacts of moving energy forward at the 2024 Offshore Technology Conference.

Dara Energy Acquires Assets in Three States from Vinland

Dara Energy closed an acquisition of low decline oil and gas assets in Kentucky, Tennesee and Texas from Vinland Energy.

OTC: SLB Exec Says Goal is to Expand Production, Lower Emissions

Despite rapidly expanding global renewables capacity, oil and gas products will still supply around half of global energy demand by 2040, an SLB executive said during the 2024 Offshore Technology Conference.

What's Affecting Oil Prices This Week? (May 6, 2024)

Stratas Advisors forecast that oil demand for 2024 will increase by 1.41 MMbbl/d in comparison to 2023 and that oil demand will increase by 810,000 bbl/d in comparison to 2Q23.

Exxon Closes $60B Pioneer Deal, Reshaping Permian Basin

After facing regulatory scrutiny, Exxon Mobil closed a roughly $60 billion acquisition of Pioneer Natural Resources. The largest shale oil transaction ever signed will reshape the order of power in the vast Permian Basin oil field.

WTI Delivered to East Houston Hits Highest Premium in Nearly Three Years

Oil takeaway capacity from the Permian Basin will tighten next month due to scheduled pipeline maintenance.

Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests

Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.