Hess Corp. Reports Fangtooth SE-1 Find, Sets 2023 Capex Budget at $3.7 Billion
New York-based Hess Corp. announced a new discovery offshore Guyana and set its 2023 E&P capital and exploratory budget at $3.7 billion, of which more than 80% will be allocated to the Bakken and Guyana’s Stabroek Block.
A&D Minute (Jan. 18, 2023): NOG-ing Them Out of the Park [WATCH]
Also in this week's A&D Minute: Quantum Energy Partners might be saying goodbye to Rockcliff Energy, plus check out Chord Energy's Williston Basin 46,000-acre package.
Devon Energy Lowers Q4 Outlook Due to Winter Weather Impact
Devon Energy's expected fourth quarter production fell by 15,000 boe/d to 636,000 boe/d due to negative weather impacts but has since restored the affected operations.
Bakken EOR Trial Increased Output by 25%
Liberty Resources' pilot project shows alternating produced gas with water/surfactant EOR mix boosts production and cuts costs in the Bakken Shale.
John Hess: Bakken, US Shale to Plateau in Coming Years
Hess Corp. CEO John Hess expects his company’s shale production in the Bakken to plateau at 200,000 boe/d in 2024 and remain steady for eight to 10 years and overall U.S. shale production to flatten in 2025 or 2026.
There and Back Again: Rick Muncrief and Devon Energy’s Permian Journey
President and CEO Rick Muncrief details Devon's course since its merger with WPX Energy; its deals in the Eagle Ford and Bakken; and the almighty dividend.
Prices Retreat as Oil and Gas Facilities Recover from Storm
From the Bakken to Appalachia to the Gulf Coast, the arctic assault knocked out oil and gas production, and refining capacity.
Enerplus Closes Sale of Canadian Assets to Surge Energy
Enerplus Corp. previously announced the sale on Nov. 2.
Winter Storm Cuts North Dakota's Shale Oil Production
A blizzard crossing the northern United States is causing oil and gas wells to suffer freeze-ins, leading to a decrease in production.
Marketed: TRP Minerals LLC 11 Well Package
TRP Minerals LLC retained EnergyNet for the sale of an 11-well package in North Dakota's Dunn County.