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.
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.
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.
Power Forward Energy Solutions will manufacture, install and operate systems capable of generating 250 megawatts.
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.”
Midstream company Tejon Treating & Carbon Solutions is boosting its capacity at its Mongoose Gas Plant to 70 MMcf/d.
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.”
Oil gains in the Permian, Powder River and Uinta basins are overshadowed by declines in aging basins, says Wood Mackenzie expert Robert Clarke.
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.