SM’s First 18 Uinta Wells Outproducing Industry-Wide Midland, South Texas Results

Shallow tests came on with 685 boe/d, 95% oil, while deeper new wells averaged 1,366 boe/d, 92% oil, from two-mile laterals, SM Energy reported.

February 20, 2025

NOG Spends $67MM on Midland Bolt-On, Ground Game M&A

Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.

February 13, 2025

TGS Expands CO2 Storage Assessments Across Gulf Coast, Midwest

TGS is offering information to aid in successful carbon sequestration, including basin-scale stratigraphy, reservoir properties, formation penetration and the associated risks related to pressure and seals.

February 12, 2025

Ovintiv Closes $2B Uinta Sale to FourPoint Resources

Ovintiv is exiting Utah’s Uinta Basin in a $2 billion sale to FourPoint Resources, which will take over some of the play’s highest quality acreage.

January 22, 2025

More Uinta, Green River Gas Needed as Western US Demand Grows

Natural gas demand in the western U.S. market is rising, risking supply shortages later this decade. Experts say gas from the Uinta and Green River basins will make up some of the shortfall.

January 21, 2025

Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading

Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.

January 21, 2025

Berry Announces Jeff Magids as New CFO

Jeff Magids was appointed as Berry Corp.’s new CFO on Jan. 21 in replacement of Mike Helm, effective immediately.

January 21, 2025

Enverus: M&A Set to Cool with Smaller Deals, Higher Breakevens

With fewer acquisition targets, Enverus Intelligence Research said the quality of acquired inventory is declining, with breakevens averaging $50/bbl in 2024 versus $45/bbl in 2022 and 2023.

January 21, 2025

Pickering Prognosticates 2025 Political Winds and Shale M&A

For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties.

January 14, 2025

Shale Consolidation Aftermath: The Field Narrows

Widespread consolidation has reshaped the list of top public producers, says Enverus CEO Manuj Nikhanj.

January 13, 2025