SilverBow Acquires Sundance, SandPoint in $425 Million A&D Double Play
SilverBow Resources acquires liquids-weighed assets in western Eagle Ford through the acquisitions of Sundance Energy and SandPoint Resources that meaningfully increase SilverBow’s size and scale.
Chevron Granted Shale Exploration Concession in Argentina’s Vaca Muerta
In the three-year pilot stage, Chevron plans to invest $65.7 million to drill, complete and commission five horizontal wells in the Vaca Muerta Shale formation. In addition, the oil major will invest $13 million in infrastructure.
INEOS Offers to Develop Test Shale Gas Site in Britain
INEOS will develop a test shale gas site in the U.K. to show the British government that fracking is a safe and local alternative to importing gas from Russia.
Pioneer Natural Resources Extends Pressure Pumping Contract with ProPetro
ProPetro and Pioneer Natural Resources amended their pressure pumping services agreement to update the terms and conditions of the partnership.
The Permian Pursuit
Can the Permian Basin–the most prolific basin in the U.S.—turn on a dime, or $100 oil?
E&P Spotlight: Alpine High Revisited
RED President Steve Hendrickson looks back at the development of the Alpine High discovery in the southern Delaware Basin and what would need to improve to make the Permian shale play viable.
Vermilion Energy Acquires Leucrotta Exploration for CA$477 Million
As part of the acquisition, Vermilion Energy will transfer a portion of the Leucrotta land base and approximately CA$43.5 million of cash to a new company which will be managed by the existing Leucrotta team.
PetroChina Taps Shale Oil in Aging Western China Field
After achieving breakthroughs in shale oil explorations, top Chinese oil and gas major PetroChina now aims to build a pilot zone to pump one million tonnes of crude a year by 2025, parent company CNPC says.
Colombia Environmental Authority Approves First Fracking Pilot Project
The approval for the Kale project, located in the northeastern municipality of Puerto Wilches, is the first for a fracking pilot project in Colombia.
How the Russia-Ukraine Conflict Has Altered US Shale
Here’s a look at how the U.S. shale market has changed a month after the Russia-Ukraine conflict began including private operators ramping up horizontal drilling to near-record levels.