The Latest

E&P Highlights: Dec. 16, 2024

Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.

The Explosive Evolution of Fracking: A 75-Year Journey

Despite some initial resistance to the idea, Halliburton and Stanolind Oil pioneered the hydraulic fracturing that led to the shale boom.

More Oil, Gas Exploration Needed Now—WoodMac

New discoveries can reduce costs and emissions intensity while delivering value for resource holders and explorers, Wood Mackenzie analysts said.

Exxon to Sell Older Permian Assets to Hilcorp in $1B Deal, Sources Say

Reuters reported in June that Exxon was auctioning the assets to focus on higher growth shale drilling properties, following the completion of its $60 billion takeover of Pioneer Natural Resources in May.

2024 E&P Meritorious Engineering Awards for Innovation

Hart Energy’s MEA program highlights new products and technologies demonstrating innovations in concept, design and application.

E&P Highlights: Oct. 28, 2024

Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.

Woodside Reports Record Q3 Production, Narrows Guidance for 2024

Australia’s Woodside Energy reported record production of 577,000 boe/d in the third quarter of 2024, an 18% increase due to the start of the Sangomar project offshore Senegal. The Aussie company has narrowed its production guidance for 2024 as a result.

California Mergin’: CRC-Aera Combination Creates Golden State Scale

CRC President and CEO Francisco Leon believes the state needs to bolster its own oil and gas production—not all citizens and lawmakers agree.

Geopolitical Tensions Complicate Oil Price Predictions

Geopolitical tensions around the world are an ongoing wildcard for oil prices in the near-term, according to BOK Financial Securities’ Dennis Kissler. U.S. producers will have to pivot off of whatever hand they are dealt.  

Quantum’s VanLoh: New ‘Wave’ of Private Equity Investment Unlikely

Private equity titan Wil VanLoh, founder of Quantum Capital Group, shares his perspective on the dearth of oil and gas exploration, family office and private equity funding limitations and where M&A is headed next.