Despite some initial resistance to the idea, Halliburton and Stanolind Oil pioneered the hydraulic fracturing that led to the shale boom.
Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners.
Matador Resources’ 19 lenders unanimously approved a 30% increase to the E&Ps borrowing base to $3.25 billion.
Steven Jolley, Halliburton’s Permian Basin technology manager, gives insight into potential for new drilling opportunities around Andrews County and efficiencies operators are seeing within the Permian, in this Hart Energy Exclusive interview.
Liam Mallon, Exxon Mobil’s upstream president, discusses how XOM liquids production has hit a 40-year high on the 25th anniversary of the Exxon-Mobil merger, and plans for the future.
With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.
As Expand Energy leans into its newly combined Chesapeake-Southwestern acreage, Tim Beard, the company’s vice president of drilling, would be “surprised” if Expand did not drill U-turn wells in the Appalachian Basin.
Mexico Pacific’s 30-mtpa Saguaro LNG terminal promises a connection to Asia for Permian Gas that avoids the Panama Canal.
Enverus forecasts that the time left to capitalize on the Haynesville's inventory will shorten by another two years when taking into account a boom in LNG demand.
But while Expand Energy keeps a watchful eye on what its neighbors are doing, the current gas price is too difficult for Expand to dive into the costly far western Haynesville play itself, said Tim Beard, Expand’s vice president of drilling.