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Tamboran, Falcon JV Plan Beetaloo Development Area of Up to 4.5MM Acres
A joint venture in the Beetalo Basin between Tamboran Resources Corp. and Falcon Oil & Gas could expand a strategic development spanning 4.52 million acres, Falcon said.
Could Trump’s Ban on Wind Leasing Halt Similar Oil and Gas Sales?
A law signed during the Biden administration ties offshore wind lease sales to similar auctions for oil and gas rights on federal lands. It’s unclear whether President Trump’s Jan. 20 executive order to halt wind leasing could spill over into the E&P world.
Watch for Falling Gas DUCs: E&Ps Resume Completions at $4 Gas
Drilled but uncompleted (DUC) gas wells that totaled some 500 into September 2024 have declined to just under 400, according to a J.P. Morgan Securities analysis of Enverus data.
FLNG Gimi Receives First Gas from BP’s FPSO in the GTA Field
Golar LNG’s Gimi FLNG vessel will support BP, which began flowing gas from wells at the Greater Tortue Ahmeyim Phase 1 LNG project in early January.
Enverus: M&A Set to Cool with Smaller Deals, Higher Breakevens
With fewer acquisition targets, Enverus Intelligence Research said the quality of acquired inventory is declining, with breakevens averaging $50/bbl in 2024 versus $45/bbl in 2022 and 2023.
Industry Players Get Laser Focused on Emissions Reduction
Faced with progressively stringent requirements, companies are seeking methane monitoring technologies that make compliance easier.
Standard Lithium, Equinor Win $225MM DOE Grant for Lithium Project
Equinor and Standard Lithium aim to reach a final investment decision on its South West Arkansas lithium project in the Smackover Formation by year-end 2025.
Formentera Joins EOG in Wildcatting South Texas’ Oily Pearsall Pay
Known in the past as a “heartbreak shale,” Formentera Partners is counting on bigger completions and longer laterals to crack the Pearsall code, Managing Partner Bryan Sheffield said. EOG Resources is also exploring the shale.
E&P Highlights: Jan. 13, 2025
Here’s a roundup of the latest E&P headlines, including Chevron starting production from a platform in the Gulf of Mexico and several new products for pipelines.
Atlas Energy’s Dune Express Makes First Proppant Delivery to NM
Atlas Energy Solutions’ 42-mile Dune Express fully electric conveyor system delivered its first commercial load of proppant sand from Texas to New Mexico on Jan. 12.
Pioneer to Adapt Emvolon’s Flare Gas-to-Methanol Tech
The Department of Energy awarded Pioneer Energy $6 million to demonstrate the technology at an oil and gas facility in the Eagle Ford Shale for 12 months.
On The Market This Week (Jan. 6, 2025)
Here is a roundup of listings marketed by select E&Ps during the week of Jan. 6.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
Halliburton, Coterra Launch Fully Automated Hydraulic Fracturing Tech
Halliburton Energy Services and Coterra Energy’s initial rollout of their autonomous hydraulic fracturing technology led to a 17% increase in stage efficiency.
Equinor’s Norwegian Troll Gas Field Breaks Production Record
Equinor says its 2024 North Sea production hit a new high thanks to equipment upgrades and little downtime.
Microseismic Tech Breaks New Ground in CO2 Storage
Microseismic technology has proved its value in unconventional wells, and new applications could enable monitoring of sequestered CO2 and facilitate geothermal energy extraction.
Innovative Insulation: The Future of Thermal Management
Silicone-based, spray-on coating simplifies application and improves protection for downstream assets and workers.
E&P Highlights: Dec. 30, 2024
Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
Subsea7 Awarded Contract for Gas Field Offshore Turkey
Subsea7 will provide inspection, repair and maintenance for the Sakarya field.
Delivering Dividends Through Digital Technology
Increasing automation is creating a step change across the oil and gas life cycle.
Baker Hughes: US Drillers Keep Oil and NatGas Rigs Unchanged for Third Week
U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row.
Small Steps: The Continuous Journey of Drilling Automation
Incremental improvements in drilling technology lead to significant advancements.
Understanding the Impact of AI and Machine Learning on Operations
Advanced digital technologies are irrevocably changing the oil and gas industry.
Permian Operators Cut Methane Emissions by 26% in 2023, S&P Global Says
S&P Global credits improved equipment and technology for helping with methane emissions reductions in the Permian Basin.
Baytex Completes Sale of Kerrobert Thermal Asset for $42MM
Baytex Energy’s divested Kerrobert non-core thermal asset can produce approximately 2,000 bbl/d of heavy oil.
Tracking Frac Equipment Conditions to Prevent Failures
A novel direct drive system and remote pump monitoring capability boosts efficiencies from inside and out.
Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week
U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row.
LandBridge Closes Deal for 46,000 Surface Acres in Delaware Basin
LandBridge Co., which held a successful IPO in August, added about 53,000 acres and now holds about 273,000 acres.
Permanent Magnets Emerge as a Game-Changer for ESP Technology
In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.
DNO, OKEA Trade Prospect Interests in Norwegian Sea
DNO picked up shares in the Mistral prospect of the Norwegian Sea while reducing its stake in the Horatio prospect.