Exploration & Production
The company’s management and owners are creating a new investment vehicle to acquire oil and gas properties.
The markets are frowning at non-Permian deals.
Recent trends and new technology indicate operators and service companies are thinking outside of the box and experimenting with different methods and techniques to grow production.
The agreement has elevated the price of crude to more than $50/bbl, but it helped U.S. shale oil producers boost their output, hampering efforts to reduce global stockpiles, Reuters reported.
Newfield Exploration said March 27 it's off to a "roaring start in 2017" with a record oil well in Oklahoma's Stack Play in the Anadarko Basin.
President Donald Trump will sign an order on March 28 aimed at making it easier for companies to produce energy in the U.S., administration officials said on March 26.
The offer consists of operated interest in 47 active wells producing from the Navarro Formation in the Charlotte Waterflood Field in Atascosa County, Texas.
If the Bakken were a separate country, it would rank 19th in world production, said Jack Stark, Continental COO and president.
Mercury Operating is offering properties in the Don Pfluger Field in Concho County, Texas, through a private sale handled by Oil & Gas Asset Clearinghouse.
Russian state oil companies Rosneft and Gazprom Neft, along with private company Lukoil, account for the bulk of Russia's cuts, Reuters reported.