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Royale Reports Favorable Results in Permian’s Mississippian Interval
Royale Energy has four producing wells, with a fifth and sixth being drilled and completed in Ector County, Texas, with plans to bring them online later this year.
US Drillers Cut Most Oil, Gas Rigs in a Month Since August
The oil and gas rig count, an early indicator of future output, held steady at 600 in the week to May 31.
Expanding Gas Processing Capacity May Increase Permian Crude
The development of gas processing plants and a pipeline opening in the Permian Basin are expected to give crude producers a boost in the second half of 2024.
The Shape of M&A to Come: Is Devon Up Next to Join the Spree?
ConocoPhillips' recent $17.1 billion deal to acquire Marathon Oil came after the company missed out on buying CrownRock and Endeavor, two companies Devon Energy took a hard look at, Moelis’ Stephen Trauber said.
VAALCO Energy Updates Canadian Drilling Campaign Results
VAALCO Energy drilled four 2.75-miles wells, apparently in the Western Canadian Sedimentary Basin.
PGS Gets Greenlight to Begin Surveying for Petrobras 4D Contract
After a long permitting process, PGS has secured the last permit needed to begin its large 4D survey contract with Petrobras at the Barracuda-Caratinga field offshore Brazil.
Petrobras Awards Subsea 7 a Large Contract Offshore Brazil
Under the contract, which is valued at over $1.25 billion, Subsea 7 will develop the Búzios 9 field in Brazil’s Santos Basin.
Salunda Secures Multi-year Jackup Contract in Middle East
The contract is the organization’s first jack-up installation in the Middle East.
Oceaneering’s New AUV Successfully Inspects TotalEnergies Pipeline
Oceaneering’s Freedom AUV pilot test reduces time, emissions in pipeline inspection campaign for TotalEnergies.
Exclusive: Devon Energy Weighing More ‘Unmatched’ Delaware Inventory
Devon Energy’s John Raines delves into capital allocation trends in the Delaware Basin and why the region is attractive to Devon’s operations, in this Hart Energy Exclusive interview.