Jennifer
Pallanich
Hart Energy
E&P Highlights: Aug. 14, 2023
Here’s a roundup of the latest E&P headlines including plans the Brasse tieback on the Norwegian Continental Shelf and several contract announcements.
Patterson-UTI Closes $780MM Ulterra Drilling Technologies Deal
Patterson-UTI acquired Ulterra Drilling Technologies from affiliates of Blackstone Energy Partners in a cash and stock deal valued at about $780 million.
The Third Mile: Chord Energy’s Longer Laterals Pay Off in Bakken
Chord Energy announces more divestitures and showcases results of longer laterals, which produce a third more than two-mile wells, CEO Daniel Brown said.
North Houston Haynesville Wildcat Comes in at 35 MMcf/d
Comstock Resources' well is still cleaning up after six weeks online, and the ultimate IP is expected to be higher.
Clear as Mud: Tech Enables Reuse of Drilling Mud
R3 Environmental Systems’ process recovers drilling fluid and water from waste generated during drilling operations for use as a direct substitute for virgin drilling fluid in new drilling mud products.
Encore of the Oil Patch
Underutilized to this point, refracking wells has proved itself effective in boosting oil recovery.
E&P Highlights: July 24, 2023
Here’s a roundup of the latest E&P headlines, including ramping up production offshore Gabon and delays for Sangomar offshore Senegal in the upstream oil and gas industry.
Liberty Energy: Drilling, Completion Activity to Fall in Back Half of ‘23
Liberty Energy saw a reduction in North American frac activity during the second quarter, a trend expected to continue in the back half of the year.
Analysts: Patterson-UTI M&A May Continue After NexTier, Ulterra Deals
Patterson-UTI’s cash-and-stock acquisition of Ulterra Drilling Technologies enhances PTEN’s position in the drilling and completions market. After the recent merger announcement with NexTier, analysts wonder if PTEN might pursue more M&A.
Icebreaker: Technology to Mine Fiery Ice Underway
MODEC is working toward a shallow methane hydrate harvesting system operating from an FPSO.