Acquisitions & Divestitures - Exploration & Production
London-based Highlands Natural Resources has successfully drilled and set surface casing in two east Denver Niobrara wells, the company said on Aug. 18.
Private equity-backed Chisholm, Boomtown Oil and Antioch Energy are focused on the northern Delaware Basin, Eagle Ford and the Arkoma Basin. Here are their assets and their plans.
Sacgasco Ltd., a Sacramento Basin-focused natural gas developer and producer, said that the field appraisal drilling component of the company’s Dempsey 1-15 well in California has been successfully completed on Aug.21.
Attracting foreign investment for Iran’s oil sector will continue to be a top priority during President Hassan Rouhani’s second term, Iranian Oil Minister Bijan Zanganeh said on Aug. 20.
Early signs point to a potential struggle within even the most productive parts of the shale patch, increasing the odds of an OPEC deal extension beyond March. But will that actually happen?
Drillers cut five oil rigs this week, bringing the total count down to 763, Baker Hughes, a GE company (NYSE: BHGE), said in its report on Aug. 18.
Statistics from the Aug. 16 sale show 27 companies participated and submitted 99 bids on 90 tracts. Total E&P USA submitted the highest single bid at $12.1 million.
Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the material and bring down prices. The worries have pressured shares of sand companies.
Even as the rig count climbs, which has been steadily rising in the Bakken, North Dakota's oil industry has been fracking fewer wells due to a labor shortage.
Shale production in the largest U.S. oil field should rise by as much as 300,000 bbl/d by December, according to updated forecasts following the industry’s latest quarterly results.
A statement on the compliance-boosting effort is being drafted and will probably be issued after the meeting concludes on Aug. 8, two sources said.