Chris
Mathews
Hart Energy
Bearishness Plagues Oil as Matador Cuts Capex, Production Outlook
Falling oil prices are forcing E&Ps to redraw spending plans. Matador Resources slashed its D&C spending by $100 million due to lower prices.
Devon Makes Operational Overhaul Amid Oil Market Volatility
Facing headwinds from falling oil prices, Devon Energy aims to reduce costs through several operational and corporate changes.
E&P Highlights: April 21, 2025
Here’s a roundup of the latest E&P headlines, from new LNG production offshore Africa to new seismic maps offshore Mauritania.
Scout Surface Solutions Acquires Kinetic to Expand Offerings
Scout Surface Solutions LLC is expanding its oil and gas services with the acquisition of Kinetic Pressure Control.
The Latest
Bearishness Plagues Oil as Matador Cuts Capex, Production Outlook
Falling oil prices are forcing E&Ps to redraw spending plans. Matador Resources slashed its D&C spending by $100 million due to lower prices.
Devon Makes Operational Overhaul Amid Oil Market Volatility
Facing headwinds from falling oil prices, Devon Energy aims to reduce costs through several operational and corporate changes.
E&P Highlights: April 21, 2025
Here’s a roundup of the latest E&P headlines, from new LNG production offshore Africa to new seismic maps offshore Mauritania.
Scout Surface Solutions Acquires Kinetic to Expand Offerings
Scout Surface Solutions LLC is expanding its oil and gas services with the acquisition of Kinetic Pressure Control.
US E&Ps Could Drop Up to 100 Rigs at New Low Oil Price
Private operators are likely to let rigs go first, beginning in the Midcontinent and Powder River Basin, then the Eagle Ford, Bakken and Permian, according to J.P. Morgan Securities.
Monumental Aims to Restart New Zealand Wells by May 30
Monumental Energy Corp. says rig contractor RIVAL is scheduled to begin the workovers on wells Copper Moki 1&2, located in the Taranaki Basin, in May.
Exclusive: Halliburton's E-Fleets Lower Haynesville Completions Costs
Halliburton’s Neil Modeland, senior business technology development manager, shares insight into the company’s electrification services and efforts to minimize associated completions costs in the Haynesville Shale, in this Hart Energy Exclusive interview.
Inside Prairie’s 11-Well Program in the D-J
Prairie Operating Co.’s 11-well program in the Denver-Julesburg Basin is drilling horizontal 2-milers with a Precision Drilling rig.
Petrobras to Deploy Baker Hughes Completion Technology Offshore Brazil
Baker Hughes will be combining its completions technologies with conventional upper and lower completions solutions at Petrobras’ offshore developments.
Expand Lands 5.6-Miler in Appalachia in Five Days With One Bit Run
Expand Energy reported its Shannon Fields OHI #3H in northern West Virginia was drilled with just one bit run in some 30,000 ft.