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Sustainable Intelligent Chemistry from UPP Enhances Completion Efficiency
Under the current market conditions, it is easy to want to use the lowest cost per gallon chemistry that is available. However, when all factors are considered, paying more per gallon to utilize high-performance intelligent chemistry can lower well completion costs and improve completion efficiency while preserving freshwater natural resources.
Marketed: Proposed BLM Land Sale in Lincoln County, Nevada
The Bureau of Land Management has proposed an online sale of two parcels of public land totaling 80 acres in Nevada’s Lincoln County to be handled by EnergyNet in July.
W&T Offshore Eyes Future Acquisitions Following Mobile Bay Transaction
A transaction with Munich Re Reserve Risk Financing provides W&T Offshore with the dry powder needed to continue to accretively grow through “attractive producing property acquisitions,” CEO Tracy Krohn says.
XRI Holdings Acquires Hibernia’s Permian Basin Water Infrastructure
Hibernia’s produced water assets in the Permian directly overlay XRI’s existing midstream infrastructure and recycling assets in the Midland Basin, “an area where XRI has significant operating expertise,” says XRI CEO Matthew Gabriel.
Moody’s Flags Big Oil’s Rising Risk from Climate Battle
Moody’s said it considered Exxon Mobil losing board members to an activist hedge fund over its energy transition strategy the most important development.
Uncertain about Iranian Oil, OPEC+ Likely to Stick with Policy
OPEC+ sources said there were no talks on amending oil output-cut levels for July, while two more said the producers should stick to their existing series of gradual output increases.
Shell Sells Alabama Refinery to Houston-based Vertex Energy
Shell is shrinking its refining and chemicals portfolio as part of a broader shift by oil majors to reduce hydrocarbon emissions and shift to lower-carbon fuels.
Marketed: Operations, HBP Leasehold in Southeast Louisiana Parishes
DW Wapiti Investments I LLC retained EnergyNet for the sale of operated working interest assets and HBP leasehold acreage in Louisiana’s Jefferson and Plaquemines Parishes.
Venture Global Plans Carbon Capture at Louisiana LNG Plants
Venture Global estimated it will capture and sequester an estimated 500,000 tons of carbon per year from Calcasieu and Plaquemines in Louisiana.
Integrating Seismic Prestack and Well Data Augmented through Machine Learning
An Anadarko Basin case study reviews rock property/lithology estimation from well data and seismic inversion results.
DUG Haynesville: Why Region Outshines the Competition
Analysts and producers at Hart Energy’s DUG Haynesville conference tout growing demand for natural gas and the shale play’s superior economics.
Newpark’s Drilling Fluid System Designed for Challenging Deepwater Operations
An integrated suite of fluid solutions successfully delivered objectives in a four-well ultradeepwater drilling and completion campaign in the Great White Frio development in the Gulf of Mexico.
Best of This Week’s Drilling Activity Highlights (May 27, 2021)
Chesapeake Marcellus discoveries, permits issued for Wyoming horizontal drilling program plus more Eagleville Field completions by EOG Resources top this week’s oil and gas drilling activity highlights from around the world.
DHS Orders Pipeline Operators to Report Cyber Attacks, Threats
Hack of the Colonial Pipeline showed the importance of cybersecurity to critical pipelines, agency says.
Tellurian, Gunvor Sign 10-year LNG Agreement
Deal could be worth about $12 billion over 10 years.
Total, Chevron Suspend Payments to Myanmar Junta from Gas Project
Myanmar has been in chaos since the army overthrew the elected government and detained its leader.
CGG, Geoptic Ink Collaboration Agreement for Carbon Capture, Storage Monitoring
CGG has signed an R&D collaboration agreement with Geoptic to jointly research and assess a novel borehole solution for monitoring the spread of CO2 in subsurface storage sites for Carbon Capture & Storage (CCS), the company said on May 27.
Biden Administration Backs ConocoPhillips Alaska Oil Project
In February, an appeals court blocked construction of ConocoPhillips’ $2 billion-plus Willow crude oil project in Alaska.
E&P Plus Company Spotlight: Frank’s International on Safety and Digitalization
President & CEO Michael Kearney discusses its upcoming Expro combination, automated solutions and the industry’s long-term focus.
Report Shows US Offshore Oil, Gas Resources Down
The biggest change in undiscovered technically recoverable oil and gas resources offshore the U.S. were seen in the Gulf of Mexico region, the BOEM says.
Shell Ordered to Deepen Carbon Cuts in Landmark Dutch Climate Case
Shell said it was “disappointed” and plans to appeal the ruling.
What Will Biden Do on Climate? Clean Air Act May Provide a Clue
A legislative solution to climate change policy is ideal, experts say, but if Congress fails to act, federal agencies can utilize tools like section 115 of the Clean Air Act to regulate emissions.
US to Boost Pipeline Cybersecurity in Wake of Colonial Hack
Representative Bennie Thompson, chair of the Homeland Security Committee in the House of Representatives, called the move “a major step in the right direction towards ensuring that pipeline operators are taking cybersecurity seriously.”
Sidley Hires Prominent Energy Transactional Partner Holt Foster in Texas
Based in its Dallas office, Holt Foster will be a member of Sidley’s global energy and infrastructure group and a practice area team co-leader of the energy practice.
Global Oil Prices Could Surge to $70 by Year-end
Damage inflicted on the oil market could end up pushing prices and activity higher, says Raymond James analyst Marshall Adkins.
Energy Policy Watch: Rep. Garret Graves Addresses Paris Accord’s ‘Dirty Secret’
Rep. Garret Graves (R-LA, 6th) has a unique role in climate policy and that may present opportunities to help limit damage to the oil and gas industry’s future.
Hess Grows Offshore Guyana Holdings Through Farm-in Deal
The increase was made via a farm down by Cataleya Energy Ltd. of a 5% working interest in the Kaieteur Block offshore Guyana, increasing Hess’ interest to 20% from 15%.
Medallion Launches Open Season for Leased Capacity on EPIC Crude Pipeline
Medallion Midstream said a previous transportation services agreement with a third-party shipper had been terminated making the committed capacity on Medallion’s leased capacity on the EPIC Crude Pipeline available again.
PGS, Joseph Exploration Enter Gulf of Mexico Technical Collaboration
PGS and Joseph Exploration (JEX) have formed a technical collaboration in the West Cameron protraction area, Gulf of Mexico, the companies said on May 21.
US Shale Producers Cabot Oil & Gas, Cimarex Energy to Combine
The combination of Cabot Oil & Gas and Cimarex Energy, which will operate under a new name, is estimated to have an enterprise value of approximately $17 billion.