Exxon Ramps Up Use of Its Custom Proppant After Positive Results
The black sand made at refineries is delivering production gains of up to 18% in comparison tests as a lightweight proppant, Exxon engineers said at URTeC.
M&A Experts: Expect Brisk Return to Deal Flow in Second Half
Private equity firms are loaded for “pent-up” portfolio rationalization after rampant industry consolidation, particularly in the Permian—but the timing is anyone’s guess.
VanLoh: Continued US Oil Growth at $63 is a ‘Dangerous Assumption’
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.
JV Behind Midland Basin AI Campus Project Signs Power Generation Agreement
Power Forward Energy Solutions will manufacture, install and operate systems capable of generating 250 megawatts.
Harold Hamm is Still Wildcatting After All These Years
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.”
Tejon Treating Expands Sour Gas Infrastructure in Midland Basin
Midstream company Tejon Treating & Carbon Solutions is boosting its capacity at its Mongoose Gas Plant to 70 MMcf/d.
On the Market This Week (May 26, 2025)
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.
‘Just Frac It:’ E&Ps Find Oil, Gas Treasure Remaining in L48 Basins
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.”
Lower 48 Oil Output Forecast Slips as Rig Activity Drops—WoodMac
Oil gains in the Permian, Powder River and Uinta basins are overshadowed by declines in aging basins, says Wood Mackenzie expert Robert Clarke.
Occidental Pushes Midland Exploration into Strawn, Wichita-Albany
Occidental Petroleum is venturing beyond the Wolfcamp and Spraberry to explore deeper potential in the Permian Basin’s Strawn, Atoka, Wichita-Albany and Barnett formations.