Nissa
Darbonne
Oil and Gas Investor
Latest
ADNOC Explores $9B Acquisition of Aethon’s Haynesville Assets—Report
Abu Dhabi National Oil Co. (ADNOC) is evaluating an acquisition of natural gas assets from Aethon Energy Management valued at around $9 billion, Bloomberg reported April 11.
E&Ps Posting Big Dean Wells at Midland’s Martin-Howard Border
Diamondback Energy, SM Energy and Occidental Petroleum are adding Dean laterals to multi-well developments south of the Dean play’s hotspot in southern Dawson County, according to Texas Railroad Commission data.
Bernstein: Wells with IPs of 1,000 boe/d the ‘New Norm’
The share of 1,000 boe/d producers in the overall population of wells drilled in 2024 rose to 46% year-over-year; 2025 could be the year a majority of wells hit the “thousand club” threshold, Bernstein reports.
Saudi Aramco Discovers 14 Minor Oil, Gas Reservoirs
Saudi Aramco’s discoveries in the eastern region and Empty Quarter totaled about 8,200 bbl/d.
Barrell Energy Raises Funds to Deepen Smackover Footprint
Barrell Energy said it plans to increase its portfolio company Barrell Lithium’s leasehold to approximately 40,000 acres within the Smackover play.
Infinity’s Utica Oil Output Rising as Play M&A, Expansion Underway
Securities analysts expect some M&A may be coming from the growing oil and wet-gas results in eastern Ohio, they report, including by newly public Infinity Natural Resources.
E&P Highlights: April 7, 2025
Here’s a roundup of the latest E&P headlines, from BP’s startup of gas production in Trinidad and Tobago to a report on methane intensity in the Permian Basin.
TGS to Conduct Ocean-Bottom Node Survey Offshore Trinidad
TGS has awarded a client a shallow water ocean bottom node contract offshore Trinidad.
Black Gold, LGX Find Multiple Pay Zones in Western Indiana
Black Gold Exploration Corp. and LGX Energy Corp. are working to start production at the Fritz 2-30 oil and gas well in Indiana within 60 days.
RPC Acquires Pintail Completions to Expand Permian OFS Operations
RPC Inc. paid $245 million in cash and other considerations for the wireline service provider.
Prairie Operating Plans 11-Well Development at Rusch Pad in Colorado
Prairie Operating Co. has begun an 11-well development program in Weld County, Colorado, following the closing of its $603 million deal for Bayswater Exploration and Production assets.
E&P Highlights: March 31, 2025
Here’s a roundup of the latest E&P headlines, from a big CNOOC discovery in the South China Sea to Shell’s development offshore Brazil.
Woodside Awards SLB Drilling Contract for Project Offshore Mexico
SLB will deliver 18 ultra-deepwater wells for Woodside Energy’s Trion ultra-deepwater project starting in early 2026.
BP Earns Approval to Redevelop Oil Fields in Northern Iraq
The agreement with Iraq’s government is for an initial phase that includes oil and gas production of more than 3 Bboe, BP stated.
Japan’s Mitsui Testing Western Haynesville Alongside Comstock, Aethon
Japanese firm Mitsui has plans to drill a horizontal well in the emerging western Haynesville play as renewed foreign investment in U.S. shale continues to pick up steam.
E&P Highlights: March 17, 2025
Here’s a roundup of the latest E&P headlines, from Shell’s divestment to refocus its Nigeria strategy to a new sustainability designation for Exxon Mobil’s first FPSO off Guyana.
CNOOC Starts Production at Two Offshore Projects
The Caofeidian 6-4 Oilfield and Wenchang 19-1 Oilfield Phase II projects by CNOOC Ltd. are expected to produce more than 20,000 bbl/d of crude combined.
Expand Lands 5.6-Miler in Appalachia in Five Days With One Bit Run
Expand Energy reported its Shannon Fields OHI #3H in northern West Virginia was drilled with just one bit run in some 30,000 ft.
Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby.
BW Energy Announces Oil Discovery Offshore Gabon
Initial data from BW Energy’s find offshore Gabon shows potential for a new development cluster, according to BW’s CEO.
EIA Reports NatGas Rig Count Fall-Off in ’23, ’24
The U.S. Energy Information Administration’s report of a falling natural gas rig count backs up statements from producers in the Appalachian and Haynesville basins.
No Drivers Necessary: Atlas RoboTrucks Haul Proppant, Sans Humans
Atlas Energy Solutions and Kodiak Robotics have teamed up to put two autonomous trucks to work in the Permian Basin. Many more are on the way.
Valeura Boosts Production, Finds New Targets in Gulf of Thailand
Valeura Energy Inc. has boosted production after drilling three development wells and two appraisal wells in the Gulf of Thailand.
E&P Highlights: Feb. 24, 2025
Here’s a roundup of the latest E&P headlines, from a sale of assets in the Gulf of Mexico to new production in the Bohai Sea.
Devon, BPX to End Legacy Eagle Ford JV After 15 Years
The move to dissolve the Devon-BPX joint venture ends a 15-year drilling partnership originally structured by Petrohawk and GeoSouthern, early trailblazers in the Eagle Ford Shale.
E&P Highlights: Feb. 18, 2025
Here’s a roundup of the latest E&P headlines, from new activity in the Búzios field offshore Brazil to new production in the Mediterranean.
PrePad Tosses Spreadsheets for Drilling Completions Simulation Models
Startup PrePad’s discrete-event simulation model condenses the dozens of variables in a drilling operation to optimize the economics of drilling and completions. Big names such as Devon Energy, Chevron Technology Ventures and Coterra Energy have taken notice.
Chevron Completes Farm-In Offshore Namibia
Chevron now has operatorship and 80% participating interest in Petroleum Exploration License 82 offshore Namibia.
E&P Highlights: Feb. 10, 2025
Here’s a roundup of the latest E&P headlines, from a Beetaloo well stimulated in Australia to new oil production in China.
US Drillers Add Oil, Gas Rigs for Second Week in a Row, Baker Hughes Says
Despite this week's rig increase, Baker Hughes said the total count 6% below this time last year.