Encino Energy’s first-quarter wells took the top five spots in Ohio as the company’s liquids output accounted for more than half of the state’s 7.23 MMbbl first-quarter total.
Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
Brazil’s state-owned Petrobras looks to restart operations at its Araucária Nitrogenados fertilizer plant, located in Brazil’s state of Paraná, in the second-half of 2025.
TotalEnergies operates Block 58, with partner APA Corp., and expects to make a final investment decision in fourth quarter 2024, while initial production is slated for 2028.
Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on June 6 said it was relaunching efforts to build a large plant in South Texas.
Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.
Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”
Equinor is selling its 19.5% interests in production licenses (PL) 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway for an undisclosed amount.
Three of Transocean’s harsh environment semisubmersibles have been awarded contract extensions.
Exxon Mobil’s Permian wells manager tells Hart Energy about the successes and challenges in drilling one of the longest lateral wells in the basin.