Harold Hamm: ‘Drill, Baby, Drill’ Faces Geology Barriers, Even Under Trump
Harold Hamm, Continental Resources founder and major Trump donor, says the U.S. faces real barriers to expanding production growth—even with Republicans controlling D.C.—as major shale basins mature.
EOG Greenlights Second Rig to Ohio Utica Oil Wildcatting
EOG Resources has put 25 modern stimulated horizontals to date in the oily Utica fairway in eastern Ohio with one rig and IPs of up to 3,250 boe/d, 70% oil and 85% liquids.
Oxy Divests Some Powder River Basin Assets to Anschutz
Occidental Petroleum and Anschutz Exploration confirmed the transaction but didn't disclosed details as, separately, Powder River Basin operator Peak Resources plans an IPO this week.
Midcon, Rockies Drilling Activity Keeps Declining in 3Q—KC Fed
To substantially increase drilling activity, E&Ps in the Midcon and Rockies need to see a healthy increase in oil and natural gas prices, according to the third-quarter Kansas City Fed Energy Survey.
Jack Vaughn-Led Peak Resources Files for Powder River Basin IPO
Peak Resources LP, a Powder River Basin E&P led by industry veteran Jack E. Vaughn, is positioning itself for an IPO, filings show.
Powder in the Hole: Devon May Fire up its PRB in Coming Years
Devon Energy is perfecting its spacing and completion recipe in Wyoming’s Powder River Basin play to possibly unleash full-field development later this decade.
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.
M&A Values: Permian Still No. 1 as U.S. Average Falls Sharply
Gas-weighted assets’ M&A values have declined with gas futures since 2022, according to J.P. Morgan Securities analysis.
Marketed: Anschutz Three-well Opportunity in Powder River Basin
Anschutz Exploration Corp. has retained EnergyNet for the sale of three wells in the Powder River Basin.
Marketed: Anschutz Exploration Powder River Basin Opportunity
Anschutz Exploration Corp. has retained EnergyNet for the sale of a Powder River Basin in the Castle 3568-1324-1TH of Converse County, Wyoming.