Gas prices fell about 7% and closed below the 200-day moving average on May 19, which some analysts said likely prompted some technical traders to start buying gas.
Service companies such as NOV and ChampionX, working with operators, are optimizing well designs to boost well productivity and ultimately lower costs as shale production growth slows.
ProPetro’s PROPWR division is set to provide power to customers in the Permian Basin.
Continental Resources alleges that it was paid below market value for non-operated interests it held in Hess Corp. wells in the Bakken.
Continental Resources is exploring new Williston Basin formations for stimulated, horizontal potential with 2025-minted D&C recipes, but which formations are being tested remains under wraps for now.
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.
Here’s a roundup of the latest E&P headlines, from a new oil discovery offshore Brazil to Libya’s latest upstream licensing round.
Five Point Infrastructure’s Northwind Midstream has focused on sour gas treatment since its formation in 2022.
Analysts expect producers will respond to negative Waha natural gas prices with a boost in ethane production.
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.