Utica Play Economics Are Middleweight, Enverus Says

Returns in America’s modest, middleweight oil play, are above the Bakken and Eagle Ford, but rank below the Midland, Delaware and Denver-Julesburg basins, Enverus reported.

December 4, 2024

Q&A: Exxon Mobil Pioneers the Permian and Guyana

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.

December 3, 2024

Harold Hamm: ‘Drill, Baby, Drill’ Faces Geology Barriers, Even Under Trump

Harold Hamm, Continental Resources founder and major Trump donor, says the U.S. faces real barriers to expanding production growth—even with Republicans controlling D.C.—as major shale basins mature.

November 18, 2024

EOG Greenlights Second Rig to Ohio Utica Oil Wildcatting

EOG Resources has put 25 modern stimulated horizontals to date in the oily Utica fairway in eastern Ohio with one rig and IPs of up to 3,250 boe/d, 70% oil and 85% liquids.

November 12, 2024

ELGi, IESS System Reinjects NatGas into Reservoirs Following Bakken Flaring Ban

Industrial Equipment Sales & Services and ELGi North America have developed a technology that upgrades compressed air systems to be able to capture and reinject excess gas in lieu of flaring.

November 11, 2024

CEO: Range Passes On M&A Fervor For Now: ‘We Didn’t Have To’

While the rest of the E&P sector bought, merged and consolidated, Range Resources sat on the sidelines in Appalachia because it already has plenty of drilling inventory, CEO Dennis Degner says.

November 7, 2024

Devon Ups Delaware Basin Ante With 21-Well Pad, Secondary Zones

Devon Energy is producing record volumes from the Delaware Basin—its biggest asset—where the company drilled a 21-well pad targeting six different intervals in recent months.

November 6, 2024

Analysts: A Growing Bakken Will Require a Stronger Pipeline Network

East Daley looks at potential courses as the basin continues to increase production.

November 6, 2024

Proppant Suppliers Covia, Black Mountain Merge to Become Iron Oak Energy Solutions

Iron Oak Energy Solutions will supply proppant to E&P operations in basins across North America.

November 4, 2024

Exxon Mobil to Sell Vaca Muerta Assets in Argentina to Pluspetrol

Exxon Mobil is divesting some assets, including plans to divest some of its Bakken holdings, following its $60 billion acquisition of Pioneer Natural Resources.

October 31, 2024