The Latest

US E&Ps Could Drop Up to 100 Rigs at New Low Oil Price

Private operators are likely to let rigs go first, beginning in the Midcontinent and Powder River Basin, then the Eagle Ford, Bakken and Permian, according to J.P. Morgan Securities.

Monumental Aims to Restart New Zealand Wells by May 30

Monumental Energy Corp. says rig contractor RIVAL is scheduled to begin the workovers on wells Copper Moki 1&2, located in the Taranaki Basin, in May.

Liberty Jumps on Power Service Opportunities as Oilfield Business Stays Flat

Liberty Energy is seeing a growing pipeline of opportunities to jump onto, even as tariffs and OPEC+’s production strategy create uncertainty in the energy sector.

Expand Energy Joins EQT in Triple-Investment-Grade Credit-Rating Club

The trifecta of endorsements assures Expand Energy, the largest gas producer in the U.S., a seat alongside EQT Corp. at the LNG and AI data center gas-supply negotiating tables.

New Era Helium, Sharon AI Launch Phase 1 of Data Center JV

New Era Helium Inc. and Sharon AI Inc.’s joint venture Texas Critical Data Centers LLC has started on the first phase of development for its 250-MW facility.

Formentera Partners’ Pearsall Wildcat IP’s 1,499 bbl in Frio County

Formentera Partners’ 1.5-mile Hurrikain Cat I-STX #S731H’s lateral was made in Pearsall at about 10,000 ft, updip of where past Pearsall tests results were mostly gassy.

Energy-Focused AI Platform Collide Closes $5MM Seed Round

The $5 million seed round was led by Mercury Fund, with participation from industry veterans Bryan Sheffield and Billy Quinn, among others.

Halliburton, Nabors Collab to Deploy Drilling Automation in Oman

The companies integrated Halliburton’s Logix automation with Nabors Industries’ SmartROS rig operating system.

US Energy Development Acquires 20,000 Acres in Permian

U.S. Energy Development Corp.’s deal to buy 20,000 net acres in the Permian is the largest acquisition in the company’s 45-year history.

Exclusive: Halliburton's E-Fleets Lower Haynesville Completions Costs

Halliburton’s Neil Modeland, senior business technology development manager, shares insight into the company’s electrification services and efforts to minimize associated completions costs in the  Haynesville Shale, in this Hart Energy Exclusive interview.