Paisie: Note to US E&Ps—Brace for OPEC+ Impact
Despite fiscal woes, the Saudis are intent on increasing supply to pressure producers.
Crescent Energy Appoints Former Pioneer Exec Joey Hall as COO
Crescent Energy has chosen Joey Hall, who most recently served as executive vice president of operations at Pioneer Natural Resources and oversaw the Permian Basin and Eagle Ford Shale, as its new COO.
BP Targets 25% Resource Recovery from Eagle Ford Refracs
BPX employs a strategy that’s “a little bit country, a little bit rock and roll” to maximize assets across the portfolio, especially in the Eagle Ford, says Shawn Holzhauser, vice president for development.
Hamm: Continental Won’t Rule Out a Merger, But Don’t Count on it
Continental Resources Founder Harold Hamm said Hess Corp.’s Bakken property is interesting, as well as property held by BP Plc’s Lower 48 E&P unit BPX Energy.
More Meat Off the Bone: New Refrac Methods Drive Production Gains
Liner hanger components and bullhead frac combinations are boosting refract results.
E&P Startups X2, Rockcliff Hunt for Large-Scale M&A Amid Price Volatility
Private capital is flowing back into shale, with new teams Rockcliff III and X2 Resources zeroing in on overlooked assets in Texas and beyond.
SM Energy Hits 1,193 Boe/d Oily 30-Day IP with New Uinta Cube Wells
SM Energy CEO Herb Vogel says price downturns are catalysts for innovation and long-term strength. Still, SM is focusing on high-quality assets in the Permian, South Texas and Utah.
1Q25 Trend: US Producers Pivot on Market Uncertainty, Cut Capex and Rigs
Macro volatility and price uncertainty topped most discussions in first-quarter earnings calls as companies including Diamondback Energy, Occidental Petroleum and Coterra Energy reduce spending and rig counts.
Trauber: Shell-BP Merger Would Make “A Lot of Sense”
BP’s U.S. shale operations include the Permian, Eagle Ford and Haynesville. The next wave of oil and gas consolidation may include mergers between the majors, veteran M&A insider Stephen Trauber of Moelis tells Hart Energy.
What's Affecting Oil Prices This Week? (May 12, 2025)
U.S. officials said on May 11 that a deal had been made to reduce the U.S. trade deficit with China. While all the details may not be established, oil prices will get another boost from this “deal”.