Jennifer
Pallanich
Hart Energy
Murphy Oil Posts $965 Million Income for 2022
Murphy Oil increased production and pay down debt with the help of King’s Quay project going onstream in the Gulf of Mexico and high output from new Eagle Ford wells.
Tech Over Trial-and-Error: Improving Near-Well Bore Completions
Drill2Frac’s FlowFX solution helps fine-tune completion designs by modeling parameters such as the number of perf clusters and length of stages.
E&P Highlights: Dec. 30, 2022
Here’s a roundup of the latest E&P headlines, including a field start up and a well drilled to a basin with record depth from the past week in the upstream oil and gas industry.
ADNOC, Petronas Sign Abu Dhabi Unconventional Oil Resources Deal
"ADNOC will continue to responsibly unlock value from Abu Dhabi’s vast hydrocarbon resources in a reliable and sustainable manner," ADNOC's Sultan Ahmed al-Jaber said at the deal signing.
XRI Begins Construction of Permian Water Pipeline System
The Evolution Pipeline will total 230 miles of pipe in its water recycling system in the Midland Basin, XRI says.
Diamondback Energy Completes FireBird Acquisition for $1.75 Billion
Diamondback Energy’s FireBird transaction is part of a duo of billion-dollar acquisitions in the Midland Basin the company announced in the fourth quarter.
Civitas Resources C-Suite Chat: Rising to the Challenge(s)
Civitas Resources in the D-J Basin is aligning executive compensation with stakeholders, meeting emissions reduction targets and is on target to generate $1 billion in annual free cash flow this year. And inside its C-suite, a millennial woman from Colombia is showing everyone how it’s done.
‘Now Do Australia’: Shale Royalty
Shale royalty Bryan Sheffield and Dick Stoneburner shift their attention to Australia.
Bakken EOR Trial Increased Output by 25%
Pilot project shows alternating produced gas with water/surfactant EOR mix boosts production and cuts costs in the Bakken shale.
Appalachia Assets Operated by Seneca Resources Sold to IOG Resources
The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d.