The Latest

Fewer Rigs, Bigger Payoff: US Oil Production Continues to Climb Even as Rig Count Drops

Despite a decline in the number of rigs in the U.S., technological advances and improved efficiencies have kept production going, allowing companies to achieve more with fewer resources.

E&P Highlights: Nov. 4, 2024

Here’s a roundup of the latest E&P headlines, including a major development in Brazil coming online and a large contract in Saudi Arabia.

Exxon Plans Longest 20,000-Ft Wells on Pioneer’s Midland Asset

Exxon Mobil has already drilled some of the longest wells in the New Mexico Delaware Basin. Now, the Texas-based supermajor looks to go longer on Pioneer’s Midland Basin asset.

Exclusive: Ring Focused on Drilling Tech to Boost Central Basin Economics

Ring Energy CEO Paul McKinney delves into the company’s ongoing efforts to grow its Central Basin Platform portfolio through acquisitions and betting on drilling and completions technology, in this Hart Energy Exclusive interview.

Comstock: Monster Western Haynesville Wildcats Cost $30MM-plus

Comstock Resources is flowing back a 13th well currently in the play where the oldest has made 2.2 Bcf per 1,000 lateral feet to date in its first 29 months online.

Matador’s U-lateral Delaware Tests Outproduce 2-mile Straight Holes

Matador Resources' results from eight Loving County, Texas, tests include two 2-mile U-turn laterals, five 2-mile straight laterals and one 1-mile straight lateral, according to state data.

E&P Highlights: Oct. 28, 2024

Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.

E&P Highlights: Oct. 21, 2024

Here’s a roundup of the latest E&P headlines, with a large contract announced offshore Gulf of Mexico and strategic partnerships aimed at optimizing oilfield production.

Midcon, Rockies Drilling Activity Keeps Declining in 3Q—KC Fed

To substantially increase drilling activity, E&Ps in the Midcon and Rockies need to see a healthy increase in oil and natural gas prices, according to the third-quarter Kansas City Fed Energy Survey.

Hot Permian Pie: Birch’s Scorching New Dean Wells in Dawson County

Birch Resources is continuing its big-oil-well streak in the Dean formation in southern Dawson County with two new wells IP’ing up to 2,768 bbl/d.