Oxy CEO: US Oil Production Likely to Peak Within Five Years

U.S. oil production will likely peak within the next five years or so, Oxy’s CEO Vicki Hollub said. But secondary and tertiary recovery methods, such as CO2 floods, could sustain U.S. output.

Conoco, TotalEnergies CEOs Talk Methane Regs, Permian Vs. Senegal

ConocoPhillips CEO Ryan Lance and TotalEnergies’ Patrick Pouyanné briefly delved into a Permian Basin versus Senegal debate at CERAWeek by S&P Global.

Expand Lands 5.6-Miler in Appalachia in Five Days With One Bit Run

Expand Energy reported its Shannon Fields OHI #3H in northern West Virginia was drilled with just one bit run in some 30,000 ft.

Archrock to Buy Natural Gas Compression Systems for $357MM

Archrock Inc. will buy privately held Natural Gas Compression Systems Inc. in a cash-and-stock deal that deepens Archrock’s operations in the Permian Basin.

Baker Hughes to Supply Equipment for NextDecade’s Rio Grande LNG

Baker Hughes will provide turbine and compression for NextDecade’s trains at Rio Grande LNG.

ChampionX’s Chemical Application Breaks Up Waxy Blockages

The ChampionX system, called ParaClear, offers a custom solution based on site characteristics to move waxy crude through pipelines. 

E&P Highlights: March 10, 2025

Here’s a roundup of the latest E&P headlines, from a new discovery by Equinor to several new technology announcements.

Diversified, Partners to Supply Electricity to Data Centers

Diversified Energy Co., FuelCell Energy Inc. and TESIAC will create an acquisition and development company focused on delivering reliable, cost efficient net-zero power from natural gas and captured coal mine methane.

Expand Energy Picked to Join S&P 500

Gas pureplay Expand Energy will be elevated on March 24 from its position in the S&P MidCap 400 index.

Chevron’s Wirth: Rapid Transitions in Energy Strategy ‘Not the Right Policy Approach’

Relying on the president, whoever it is, leads to a wildly inconsistent energy policy in the U.S., Chevron CEO Mike Wirth said at CERAWeek by S&P Global.