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Drilling & Exploration

Estimates Include 46.3 Billion Barrels of Oil, 281 Trillion Cubic feet of Natural Gas, and 20 Billion Barrels of Natural Gas Liquids in Texas and New Mexico’s Wolfcamp Shale and Bone Spring Formation. more

Drilling & Exploration

Mexico’s energy secretary Rocio Nahle said on Saturday that President Andres Manuel Lopez Obrador’s newly installed administration would cancel two February bidding rounds for oil and gas blocks, including Mexico’s first shale areas on offer. more

Drilling & Exploration

Chevron Corp, the second largest U.S.-based oil producer, is budgeting $20 billion for capital projects next year. more

Plant Management & Operations

Between the 1940s and the 1970s, the average annual price of oil fluctuated within a 6.5-percent band, but from the 1980s until the past few years, the variation leapt to almost 11 times that amount more

Drilling & Exploration

Maersk Drilling A/S and Seapulse Ltd. (“Seapulse”) have signed a Master Alliance Agreement under which Maersk Drilling will provide fully integrated services, including provision of drilling rigs, related drilling services, well services, and other more

Drilling & Exploration

ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. more

Drilling & Exploration

EIA expects total U.S. coal consumption in 2018 to fall to 691 million short tons (MMst), a 4% decline from 2017 and the lowest level since 1979. more

Drilling & Exploration

National Oilwell Varco, Inc today announced the signing of a frame agreement with Equinor ASA for the provision of IntelliServTM Wired Drillpipe to outfit their global fleet of offshore drilling rigs. more

Drilling & Exploration

The Trump administration is taking a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters. more

Drilling & Exploration

Located 120 miles offshore Guyana, the 6.6 million-acre Stabroek Block holds exciting exploration and development potential. With commercial production expected to begin in 2020. more

Offshore & Marine

Lonestar Resources has closed an acquisition of producing properties in the Eagle Ford Shale play. more

M&A/Investment

Increased oil and natural gas development in the Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. more

Drilling & Exploration

Williams and Brazos Midstream announced that they have agreed to enter into a joint venture in the Delaware Basin. more

Midstream

As the U.S. becomes the largest energy producer in the world with Texas leading production, it has created the biggest challenge the energy industry has seen in a generation. more

Refining/Petrochemical

The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014. more

Drilling & Exploration

ONEOK plans NGL, gas system expansions, Williams Partners, Crestwood unveil Powder River Basin expansion, Freedom Oil & Gas commences drilling program in Eagle Ford Shale, Appalachia, Permian, Haynesville drive U.S. natural gas production more

Drilling & Exploration

Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars. more

Pipeline/Transportation

U.S. crude oil production reached 11.3 million barrels per day (b/d) in August 2018, according to EIA’s latest Petroleum Supply Monthly, up from 10.9 million b/d in July. more

Drilling & Exploration

Encana Corporation and Newfield Exploration Company have entered into a definitive agreement whereby Encana will acquire all of the outstanding shares of common stock of Newfield in an all-stock transaction valued at approximately $5.5 billion. more

M&A/Investment

U.S. chemical and plastics industry investments linked to plentiful and affordable domestic supplies of natural gas and NGLs from shale formations have surpassed $200 billion, according to the American Chemistry Council (ACC). more

Drilling & Exploration

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