Chris
Mathews
Hart Energy
Lower 48 Well Completions Doubled Since Late 2014, EIA Says
Operators have been able to accelerate production and reduce costs by completing multiple wells at once rather than sequentially, the U.S. Energy Information Administration said.
New Exxon Proppant Tech Enhances Permian Basin Well Recovery
Lightweight proppants engineered from refinery coke are giving Exxon an up to 15% lift in Permian EURs. “We generally surprised ourselves with the improvements,” CEO Darren Woods said.
Dean, Dean and More Dean: Dawson Wells Reach 15 MMbbl Milestone
The sheet of tight Dean sandstone, up to 300 ft thick, that sits between Spraberry and Wolfcamp in the Midland Basin has already made more than 15 MMbbl since 2020 from just 43 wells in Dawson County alone. Here’s a look.
Expand: 2%-Plus Gas OFS Deflation if Permian Cuts Rigs, Frac Crews
Reduced prices for goods and services may come as Permian Basin and other oil-focused E&Ps drop rigs and frac crews at $60 oil, Expand Energy executives said.
NOV CEO Sees ‘Even Playing Field’ with Global Tariff Battles
NOV Inc.’s CEO Clay Williams said he expects inflationary impacts and extended lead times as all global manufacturers simultaneously try “to rewire their supply chains.”
Innovex Sells Dril-Quip Facility for $95MM, Reduces Revenue Guidance
Innovex International Inc. has agreed to sell the Dril-Quip Eldridge Campus in northwest Houston to Big Acquisitions LLC for $95 million following its merger with Dril-Quip in September 2024.
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.