Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024

Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.

New Wells Underway: Private E&Ps Pulled 40% of US Permits in May

Private E&Ps are keeping pace with public operators in taking permits for new-drill horizontals across the Lower 48, according to a research report.

Detechtion Acquires Software Solutions Company EZ Ops

The acquisition of EZ Ops plans to enhance Detechtion’s presence in field service management and complements its Fieldlink product, which serves producers and service companies in inspection and maintenance.

EOG Resources Wildcatting Pearsall in Western Eagle Ford Stepout

EOG Resources spud the well June 25 in Burns Ranch with rights to the Pearsall well about 4,000 ft below the Eagle Ford, according to myriad sources.

Southeast Asia NatGas Projects Could Unlock $100B Boom- Rystad

Southeast Asia's offshore gas industry is set for a $100 billion boom by 2028, driven by a flurry of final investment decisions by oil and gas majors and national oil companies, according to Rystad Energy.

LLOG Exploration Acquires 41 Deepwater Gulf of Mexico Blocks

LLOG acquisition makes it the sole interest holder and operator in the 41 Gulf of Mexico blocks.

Beyond the Horizon: Exploring the Permian’s Longest Laterals

Horizontally drilled lateral wells are all the rage in the Permian Basin. Let’s take a look at the 10 longest wells drilled in the Basin.

US Silica Investors OK Apollo’s $1.85B Take-private Deal

U.S. Silica stockholders approved a $1.85 billion all-cash deal with Apollo Global Management, a transaction that will take publicly traded proppant services provider private.

VAALCO Reports Increased Reserves After Svenska Deal

VAALCO acquired Swedish E&P Svenska’s 27.39% non-operated working interest in the deepwater Baobab Field in Block CI-40, offshore Côte d’Ivoire.

NSTA Opens Investigations into UK North Sea Decommissioning Delays

The North Sea Transition Authority is investigating missed deadlines for well decommissioning projects on the U.K. Continental Shelf that have already increased forecast P&A costs to $31 billion between 2023 and 2032.