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E&P Highlights: May 12, 2025
Here’s a roundup of the latest E&P headlines, including an alliance for cross-compression services and a boost in 4D seismic acquisition activity in Northern Europe.
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Legislation
Belcher: Bright Future Ahead in Powering US Data Centers
Steps are being taken at the federal level to ensure sufficient power generation to fulfill the energy demands of data centers in the U.S.
Acquisitions & Divestitures
NRG Stock Soars on $12B NatGas Power Plant Fleet Acquisition
The $12 billion deal positions NRG to capitalize on a power-hungry future driven by data centers and grid strain.
Crude Oil
What's Affecting Oil Prices This Week? (May 12, 2025)
U.S. officials said on May 11 that a deal had been made to reduce the U.S. trade deficit with China. While all the details may not be established, oil prices will get another boost from this “deal”.
Natural Gas
Enbridge Keeps the Focus on NatGas Amid Market Uncertainty
Enbridge CEO Greg Ebel said the company remains committed to growing its natural gas network.
Shale Plays
Bakken Beast: Chord Plans Seven More 4-Mile Bakken Wells in ‘25
Chord Energy has drilled three 4-mile laterals in the middle Bakken and is closely tracking results from the first now online. Seven more are planned for the rest of this year.
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Oil and Gas Investor Magazine
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.