U.S. oil output growth is expected to slow over the next five years, likely prompting oil majors to "gobble up" smaller shale oil producers, Mark Papa told Reuters.
For two years in a row since 2018, Texas RRC staff has taken two days on average to process standard drilling permits, one day below the legislative requirement, a release from the state agency said.
EnergyNet has been retained for the sale of South Texas producing mineral and royalty interests in an eight well package located in DeWitt County, Texas, operated by Devon Energy.
Colt Operating retained EnergyNet for the sale of East Texas undeveloped leasehold plus non-producing minerals in Tyler County through an auction closing Jan. 22.
The dialing in of optimal completion designs by operators is keeping sand and water providers busy right-sizing their logistical response.
Enterprise Products Partners LP said that its isobutane dehydrogenation (iBDH) plant in the Mont Belvieu, Texas area recently began service, with volumes expected to continue ramping up during the next two weeks.
Austin Chalk producers, Chief Oil & Gas Marcellus wells and a Wolfcamp discovery by EOG top this week’s drilling activity highlights from around the world.
A private seller retained the Oil & Gas Asset Clearinghouse for the sale of a package of East Texas properties located in Jasper and Hardin counties.
Range Resources expects a significant charge in the fourth quarter related to its oil and gas properties in North Louisiana, as U.S. natural gas prices trade near two-decade lows.