U.S. tight rock oil production exceeded 9 million barrels per day in March, according to the U.S. Energy Information Administration. The story began 20 years ago in Richland County, Mont., with a prospector, two wildcatters, Halliburton and a bold venture: land a lateral in the middle Bakken—and frac it.
Locked up in an MLP bankruptcy for nearly two years, Maverick Natural Resources has new management and a business model aimed at the relentless pursuit of free cash flow.
“I do think we are going to be able to acquire assets and we are going to be able to come out of this a lot stronger,” Northern Oil and Gas CEO Nick O’Grady says.
The following is a sampling of companies in the oil and gas industry stepping up during this COVID-19 pandemic to help make a difference, including BP, Chevron, Petrobras and more.
E&Ps, some for the first time in years, are returning to what’s always been considered the hinge point for the Powder River Basin: the Niobrara Formation.
FTS International Inc. said March 23 that it is taking several actions in response to unprecedented conditions in the oil market.
The Environmental Defense Fund has teamed up with industry experts and scholars to launch a methane-detecting satellite within two years, aiming to cut 45% of emissions from oil and gas facilities by 2025.
Joe Mills, president and CEO of Samson Resources II, spoke with Hart Energy on why his company chose to go all-in in the Powder River Basin and what Samson learned in other shale plays like the Haynesville.
A rich history of refining and E&P, with a noteworthy patriotic role as well, guides the fourth generation to run this family-owned E&P.
Service companies continue to innovate to improve operational efficiencies in the water management sector.