Deep Potential: Permian Woodford Delivers as Exxon, Mewbourne Join In
Oklahoma’s finest Woodford Shale developers are applying their learnings to the Permian Basin, where exploration of the deep bench is in its earliest innings.
North Hudson Fuels Non-Op Strategy with TXO Deal, $344MM PE Raise
Houston-based private equity firm North Hudson eyes non-op deals with new fund as portfolio company LOGOS Resources ramps up San Juan gas drilling.
Breaking the Efficiency Barrier: Permian OFS Firms Race to Improve
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.
Continental Resources Tests More Layers of Williston Basin Oily Rock
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 Pushes Midland Exploration into Strawn, Wichita-Albany
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.
E&P Highlights: May 19, 2025
Here’s a roundup of the latest E&P headlines, from a new oil discovery offshore Brazil to Libya’s latest upstream licensing round.
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.
North Dakota Oil E&Ps plan Drop in Rigs on Weak Prices, State Says
Oil producers in the state, home to the Bakken play, have started to slow output and dropped rigs as prices have fallen below $65, the price required to break even.
Dividends Declared the Week of May 12
Here is a compilation of dividends declared during the week of May 12 from select upstream, midstream and service and supply companies including Hess Corp, Diversified Energy and South Bow.
CEO: Brazos Midstream Passed on Sale of Permian Infrastructure Co.
Brazos Midstream CEO Brad Iles said the time wasn’t right to sell a majority stake in the company.