Permian Basin-focused operator Don Sparks told fellow wildcatters, after receiving the IPAA’s lifetime achievement award, that Washington should be helping the U.S. industry assure national security, and that won’t happen at $50 oil.
Former U.S. Senator Joe Manchin told oil and gas producers the U.S. already has two wars “we never paid for” at the IPAA’s annual meeting. The denuclearization of Iran should be left up to Israel, he said.
Tamboran Resources’ sidetrack in the Beetaloo Basin IP’ed an average of 7.2 MMcf/d over 30 days from a roughly 1-mile lateral, an IP rate similar to the average IP-30 of Marcellus dry-gas wells.
Williams Cos. is moving forward with its previously abandoned Constitution and Northeast Supply Enhancement projects with White House support.
IPAA’s chairman Mike Hillebrand told members in an email that the next CEO would be “a visionary, dynamic leader who understands the unique challenges and opportunities facing our diverse membership.”
The Bakken and Eagle Ford have three or four years of new-drill well inventory left at $63/bbl WTI while the Permian has between seven and 10 years, Quantum Capital Group’s Wil VanLoh said at Hart Energy’s Energy Capital Conference.
As the founder and chairman of Continental Resources reflects on 25 years of Bakken horizontal development, Harold Hamm urges his fellow U.S. producers to “never quit exploring.”
Here is a roundup of marketed oil and gas and mineral and royalty leaseholds for the week of May 26, 2025, in the Midland, Delaware and Denver-Julesburg basins and Marcellus and Utica shales.
Wildcatters are finding success in new Lower 48 plays including the Eagle Ford’s Pearsall, the Midland Basin’s Dean and the Utica. Continental Resources’ Harold Hamm said some plays have been picked over with little success but, “that doesn’t mean it’s not there.”
Quantum Capital Group-backed E&P HG Energy is an M&A target among U.S. gas producers as gas futures have grown to more than $4/MMBtu.